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EXAMPLES
OTHER
100

The most common type of business organization in the Hong Kong.

What is SOLE PROPRIETORSHIP?

100
Two or more persons to carry on as co-owners of a business for a profit.
What is PARTNERSHIP?
100
Business owned and managed by an individual (two words).
What is SOLE PROPREITORSHIP?
100

Coca Cola

What is a PUBLIC LIMITED COMPANY?

100
Easy to open or close, few regulations,freedom and control, owner keeps profits.
What are ADVANTAGES OF SOLE PROPRIETORSHIP?
200
Also known as stocks
What are SHARES?
200

Necessary to obtain this in order to legally run a business as a sole trader or partnership.

What is a BUSINESS REGISTRATION LICENSE?

200
Risks 100% of loss should the business fail.
Who is SOLE PROPRIETOR?
200

GOOGLE

What is PUBLIC LIMITED COMPANY?

200
They are the owners of a corporation.
Who are SHAREHOLDERS?
300

A business which is owned by a group of stockholders.

What is LIMITED COMPANY?

300

Shares can be sold to the general public.

What is a PUBLIC LIMITED COMPANY?

300
A business that has its profits taxed twice.
What is a CORPORATION?
300

Jeffreys Convenience Store

What is SOLE PROPRIETORSHIP?

300

Has fewer skills tO run business.

Who is a SOLE PROPREITOR?

400
Type of liability in which you can lose all your assets.
What is UNLIMITED LIABILITY?
400
Abbreviation for a partnership with limited liability.
What is LLC?
400
Type of liability in which you only lose your initial investment in the company.
What is LIMITED LIABILITY ?
400

HUAWEI

What is a PRIVATE LIMITED COMPANY?

400

Is viewed as a legal entity that can sue and be sued.

What is a LIMITED COMPANY?

500
Profits paid out to stockholders.
What are DIVIDENDS?
500
A corporation that produces and sells in more than one country.
What is a MULTINATIONAL?
500
Legal obligation to pay debts.
What is LIABILITY ?
500
HONDA (two words)
What is MULTINATIONAL CORPORATION?
500
Situation in which a business ceases to exist if the owner dies, retires, or leaves the business for some other reason.
What is LIMITED LIFE?
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