Legal Entities Flashcards
1
Q
Who are the internal stakeholders of a business
A
Employees, Manager, Owners
2
Q
Who are the external stakeholders of a business
A
Suppliers, Society, Creditors, Shareholders, customers
3
Q
What are the four main types of business
A
Private limited company (Ltd), Public limited company (PLC) Limited partnerships and limited liability partnerships (LLP), sole traders
4
Q
Private limited companies are governed by what act
A
Companies act 2006
5
Q
How are the value of shares calculated in a public limited company.
A
By Market capitalisation.
6
Q
Main advantage of being a sole trader.
A
full control over daily and strategic decision making.
