Ownership, control and finance

Question 1

describe the ownership control and finnace of a private limited company

Answer 1

owned by a minimum of one shareholder who are family and friends
controlled by a boardof directors
financed by selling shares

Question 2

Describe the ownership control and finance of a public imited company

Answer 2

owned by a minimum of 2 shareholders with capital 50000
controlled bya board of directors who are employed to run the business
financed by selling shares on the stock market

Question 3

Describe ownership control and finance of a franchise

Answer 3

In a franchise franchisee and franchiser own part of the business
the franchiser issues strict rules
the franchisee provides the capital to start the business

Question 4

Describe ownership control and finance of the local governemnt

Answer 4

owned by the central governemnt
controlled by elected councillors
financed by money from the central government

Question 5

describe ownership control and finance of the national governemnt

Answer 5

owned by the central government
controlled by elected politicians
financed by national insurance

Question 6

Describe ownership control and finance of public corporation

Answer 6

owned by the central government
controlled by a board of directors
financed by a government grant

Question 7

Describe ownership control and finance of a social enterprise

Answer 7

Owned by the founder
controlled by the manager
financed by selling goods and services

Question 8

Describe ownership control and finance of the voluntary sector

Answer 8

owned by the founder of the organisation
controlled by volunteers
financed by donation and grants