Business ownerships Flashcards

1
Q

What is it when 1 person owns/runs a business on their own.

A

Sole trader

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2
Q

What is it when a business is run by shareholders?

A

A Public Limited Company or PLC

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3
Q

What is it when shares for this business aren’t available to the public?

A

An LTD or Private Limited Company

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4
Q

What is it when shares are available for purchase through stock exchange?

A

Public Limited Company or PLC

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5
Q

What business is it when shares aren’t able to be bought & you have to be invited.

A

LTD or Private Limited Company

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6
Q

A business run by 2-20 people.

A

Partnership.

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7
Q

Who is a sole trader business run by

A

The owner

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8
Q

Who is a PLC run by

A

Shareholders

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9
Q

Who runs a LTD

A

The owner(s)

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10
Q

Who runs a partnership

A

The 2-20 people who own it

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11
Q

What is an example of a PLC

A

BP plc
AstraZeneca Plc
Barclays Pl
Cineworld Group Plc
easyJet Plc
J Sainsbury Plc
Marks & Spencer Group Plc
Royal Mail Plc
Tesco Plc
Apple Plc
Samsung Plc

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12
Q

What is an example of an LTD in the UK

A

Dyson
Coca Cola
Monsoon
Walkers
Man United
Boots
Peacocks
Iceland
John Lewis
New look
United Biscuits (holdings)
British Home Stores

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