105

Question 1

private limited company (LTD)

Answer 1

can not offer its shares to the public, has less legal requirements

Question 2

public limited companies (PLC)

Answer 2

can offer its shares to the public, has more legal requirements

Question 3

articles of association

Answer 3

regulations governing the relationship between directors and shareholders

Question 4

shareholders’ agreement

Answer 4

governs the relationship between shareholders in a company

Question 5

Office of Fair Trading

Answer 5

enforces consumer protection and competition law in the UK

Question 6

cartel

Answer 6

a group of companies joining together to limit competition

Question 7

white collar crime

Answer 7

lawbreaking by business people

Question 8

fraud

Answer 8

dishonest business practice

Question 9

embezzlement

Answer 9

stealing money from your company

Question 10

treaty

Answer 10

legally binding international agreement

Question 11

convention

Answer 11

a treaty sponsored by an international organisation

Question 12

ratification

Answer 12

formal approval of an agreement

Question 13

adherence

Answer 13

respecting an agreement

Question 14

joint venture

Answer 14

two companies working together, such as a multinational with a local company

Question 15

subsidiary

Answer 15

small part of a larger company

Question 16

deregulation

Answer 16

liberalisation of the economy

Question 17

insider trading

Answer 17

when sellers have private info