Business Types Flashcards
1
Q
Sole trader
A
a business owned and operated by one person
2
Q
partnership
A
a business that id owned by 2-20 people
3
Q
private limited company
A
a business that is owned by 1-50 shareholders
separate legal entity
4
Q
public listed company
A
a business that is owned by shareholders and is listed on the ASX
5
Q
social enterprise
A
a business that aims to make a profit with the objective of fulfilling a social need
6
Q
government business enterprise
A
a commonwealth entity that acts under the general business principles and aim to make a profit
