legal Structures
This business is owned and operated by one person who reaps all the benefits and bears all the risk
Sole Trader
A lump sum of money given with the intention of repayment at a later date.
Loan
What is the capital city of Spain?
Madrid
name the five sectors
primary secondary tertiery quartenary quinary
Who is the founder of Tesla
Elon Musk
Two or more persons usually compose a deed, come together to achieve the common goal of usually earning a profit.
Partnership
This can be sold on the stock exchange or to family and friends
Shares
What is the largest planet in our solar system?
Jupiter
agriculture is a part of which sector
primary
Mark Zuckerberg
Who is the founder of Facebook?
Members come together to achieve a common goal where everyone gets an equal say in running the business
Cooperative
this is capital that is made from an owners own savings
private financing
In what year was Australia federated
1901
sector with most employees
tertiary
Bill Gates
Who is the founder of Microsoft?
Why would a business want to incorporate, explain.
To have limited liability, the business is a separate legal entity to the owners
If a sole trader needs more capital, but is unwilling to take on more debt what is a good option
to form a partnership with another sole trader, or take on a silent partner
what is a group of unicorns called
a blessing
this sectors contains artists, entertainers, hospitality
Quinary
Steve Jobs
Who is the founder of Apple?
This business Provide returns to investors. These returns are taxed twice
Public Company
what is it called when a private company turns into a public company
floating
A bat and ball cost $1.10.
The bat costs one dollar more than the ball.
How much does the ball cost?
5 cents
What percentage of total employment is taken up by secondary sector
16-20% (18%)
Who is the founder of Google?