Chapter 1A business

Question 1

Types of businesses

Answer 1

Soul trader

Partnerships

Private limited companies

Social enterprise

Government business enterprises

Government department

Question 2

Publicly listed companies

Answer 2

have members and shareholders who own the business and directors who run it

Money earned is only for the company

Listed on the stock exchange
e.g commonwealth bank, Qauntas, anyone on the stock exchange

Question 3

Social enterprises

Answer 3

A profit making business who in addition have social objectives e,g reinvesting there money into a community fund.

not a charity or a foundation. Makes profit first and then reinvests it.

Trading goods services and revenue from anything to reinvesting it afterwards. e.g “who gives a crap”

Question 4

Government business enterprises

Answer 4

A government business enterprises is owned by the Commonwealth but unlike government departments aims to act under general business principles and not to make a profit.

e.g Australia post