Sector Organisations Flashcards
1
Q
Non-Profit Organisations
A
Incorporated organisations that have the purpose of servicing and helping society
2
Q
Private Limited Company
A
An LL business where shares are not freely available for sale and the owners can still make decisions
3
Q
Private Sector
A
Any organisation that is not owned or ran by the government
4
Q
Public Limited Company
A
-A large firm whose shares are able to be bought and sold by the general public on the stock exchange
-Owner appoints managers to run the business
5
Q
Public sector
A
Owned by the government
6
Q
Sole Trader
A
-An individual who owns and runs their own business
-Runs with unlimited liability, therefre responsible for debts
7
Q
Limited Liability
A
-Shareholders can only lose the money invested in the company.
-Shown by “Ltd” or “Plc”
