Business Flashcards
What is a stakeholder
a person, group, or organization that has an interest in an organization’s activities, policies, and desires
What is a shareholder
A shareholder is a person, group, or legal entity that owns at least one share of a company’s stock. Shareholders are also known as stockholders or members.
What is a private limited company
A private limited company (LTD) is a small business entity that is privately owned by shareholders and is registered with Companies House
What is a public limited company
A public limited company (PLC) is a company that sells shares to the public and is listed on a stock exchange
What is unlimited liability
The key difference between unlimited liability and limited liability lies in the extent of an owner’s financial responsibility for the debts and obligations of their business.
What is limited liability
With limited liability, the financial responsibility of the owners is restricted to the amount of their investment in the business.
