Owning a part of a company and sharing the profit

describe a limited company

shareholders have liabilty restricted to company assets

describe a partnership

between 2 and 20 people share ownership

describe industrial action

when workers are unhappy they might take it

when a fee is paid to use a brand

people with a vested interest in a business

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S3 Business terms Soc4-20b

15 termsStudBud Administration14 plays

Link to S3 sylabus level 4 ILO4 Couts & wylie

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Questions 15

Answers

1
A share is
Equity
Owning a part of a company and sharing the profit
Splitting the cash and goods
Equality of equity
2
a Salary is
Hourly pay rate
A green vegetable
Weekly pay
Monthly Pay
3
The Public sector
Owned by Investment Banks
Owned by the Government
Owned by Trustees
Owned by Shareholders
4
A Business Objective is....
an out of town retail location
an end point
a try
a goal
5
a sole trader is
a single owner
sells fish
a market seller
a married owner
6
describe a limited company
shareholders have liabilty restricted to company assets
where legislation applies to a business
has a maximum of 20 owners
where expansion is controlled and restricted
7
The Private sector
Owned by Trustees
Owned by Investment Banks
Owned by the Government
Owned by shareholders
8
Decribe a dividend....
points from the CO-OP
A disagreement
payment to shareholders
disposing of assets
9
describe a partnership
it is like a marriage
a professional business like a law firm
2 people own a business
between 2 and 20 people share ownership
10
a shareholder is
a mortgage lender
an executor of a will or legacy
a stakeholder
one of the owners of a company
11
The Voluntary Sector
Owned by Trustees /Shares
Owned by Investment bANKS
Owned by Shareholders
Owned by the Government
12
describe industrial action
machines used for packaging
when workers are unhappy they might take it
the process of manufacturing
an incentive payment
13
A franchise is
when a movie company creates a series of films
a method of brand protection
when a fee is paid to use a brand
selling the merchandise of a brand
14
a stakeholder is
people with a vested interest in a business
people who have invested in a business
people who have ventured in a business
people who work for a business
15
Capital is
London
Edinburgh
Money and equipment
A good idea

S3 Business terms Soc4-20b Flashcards | StudBud