Membership/Ownership
This organization has volunteers and donors as its members rather than owners.
What is an NGO?
An NGO commonly raises money through these: grants, donations, and _______.
What are fundraisers?
This type of organization registers as a non-profit and has a separate legal identity.
What is an NGO?
This type of organization is typically run by volunteers and a board of directors.
What is an NGO?
A key advantage of NGOs: They are eligible for _______ and public support.
What are grants?
Owned by the government and created to serve national needs.
What is a statutory?
This organization receives most of its funding directly from the government budget.
What is a statutory body?
This form of business is established by an Act of Parliament.
What is a statutory body?
This organization’s board is appointed by the government.
What is a statutory body?
A disadvantage of statutory bodies: Their decision-making is often _______.
What is slow or bureaucratic?
This type of corporation is owned by private individuals and has limited shareholders.
What is a private corporation?
Private corporations mostly raise capital through these two sources.
What are private investors and bank loans?
Both private and public corporations must register at this place to become legally recognized.
What is the Companies Office (or Registrar of Companies)?
Private corporations are managed by a board of directors chosen by these people.
Who are the shareholders?
A major disadvantage of private corporations: Their shares are ______ to transfer.
What is difficult/hard?
This organization allows anyone to own shares through the stock market.
What is a public corporation?
This type of corporation raises large amounts of additional capital through selling shares to the public.
What is a public corporation?
The specific legal difference between private and public corporations regarding formation.
What is approval to sell shares to the public?
Public corporations face the highest level of regulation because they are listed on this.
What is the stock exchange?
A disadvantage of public corporations: They face heavy ______ and reporting requirements.
What are regulations?