What is the name of the sector where organisations are owned, financed and run by individuals?
Private Sector Organisations
1 of 20
Who owns and operates Public sector organisations?
The state / government
2 of 20
Give two examples of public sector organisations that offer essential services in the UK that are free at the point of delivery
Education / Health care / Police / Street Lighting
3 of 20
How are these public sector organisations usually funded?
Taxation
4 of 20
What sector can you find both incorporated and unincorporated businesses?
Private Sector
5 of 20
If an organisation is seen legally as having a separate identity to the owners, what is it said to be?
Incorporated
6 of 20
What type of liability does a sole trader have?
Unlimited
7 of 20
A private limited company issued 500 shares valued at £2 each when it set up. Bob is one of 5 shareholders who each own 100 shares. Bob has paid in full for 75% of his shares. If the company goes bust, what is the maximum that Bob must pay?
£50
8 of 20
What type of organisation has the correct legal structure to sell shares on the Stock Exchange?
Public Limited Company
9 of 20
What must a private limited company have after the company name?
LTD
10 of 20
Few of the companies that stopped trading as public limited companies did so due to financial failure. Give a more specific reason why some do this?
Market analysis / regulatory requirement costs
11 of 20
What is the name for a payment made by a company to its shareholders out of the profits earned?
Dividends
12 of 20
If a company issues 50,000 shares in December 2014 at a price of £3 each, what will its ordinary share capital be?
£50,000
13 of 20
By the following June, the Stock Exchange quotes the share price as now being £4.50 each. If all shares are sold and fully paid up, what will the market capitalisation be?
£225,000
14 of 20
What is the name for a person, company or other institution that owns at least one share in a company?
Shareholder
15 of 20
What % of ordinary shares does a shareholder have to own to guarantee overall control of the company?
51%
16 of 20
What does AGM stand for?
Annual General Meeting
17 of 20
What type of organisation is required to hold an AGM?
Public Sector Organisation
18 of 20
Charities, trade unions and trusts are examples of what type of business form?
Non-Profit organisation
19 of 20
Non-profit organisations belong to what sector?
Third Sector
20 of 20
Other cards in this set
Card 2
Front
Who owns and operates Public sector organisations?
Back
The state / government
Card 3
Front
Give two examples of public sector organisations that offer essential services in the UK that are free at the point of delivery
Back
Card 4
Front
How are these public sector organisations usually funded?
Back
Card 5
Front
What sector can you find both incorporated and unincorporated businesses?
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