Public Sector
Private Sector
Sole Trader
Partnership
Company
100
Many Public Sector businesses are actually just branches of __________.
Government
100
It is owned and run by
What is private individuals
100
Another name for this type of business organization
What is Sole Proprietor
100
The minimum and maximum persons in this business type
What is 2 - 20 persons
100
When a person invests in part of a company they buy what?
What is Shares/Stocks
200
How do public sector companies get most of their funding?
Taxes
200
The main aim of this sector
What is to make a profit
200
Owned and managed by..............................
What is one person
200
Persons who have part ownership of this business type
What is Partners
200
What do Mars, Koch Industries, Dell, Dyson, Lego, IKEA etc.
They are all Private Limited Companies
300
It is the main aim of the Public Service
What is to provide essential services to the Public
300
If a private sector business is taken over by a government, this process is called:
Nationalization
300
What does a sole trader have trouble getting?
What is financing from banks.
300
Many partnerships split up. What disadvantage does this fact highlight?
Disagreements between partners are a major disadvantage.
300
What is the term for the first time a Private Limited Company offers shares on a public market in order to raise funds and become designated as a Publicly Traded Company.
Initial Public Offering (IPO)
400
What is the term for the process of outsourcing a previous public sector business to a private sector business?
Privatization
400
These are for-profit social enterprises owned and run by their members (usually employees, managers or customers). Their primary goal is to create value for their member-owners.
cooperatives
400
If the owner dies there is no one to take over
What is Lack of Continuity
400
The type of Liability for this business type
What is Unlimited Liability
400
In what country did the concept of stocks and limited liability companies (joint stock companies) originate?
Holland
500
Give three examples of services/good provided by public sector businesses.
water, energy, mail services, transportation, etc.
500
If a Private sector business that distributes profits to investors, but has a social or environmental goal, it is sometimes referred to as a....
For Profit Social Enterprise
500
Give three advantages of a sole trader.
500
Many family partnerships go one step beyond this type of business entity in order to gain limited liability but still maintain control over the business by not having it publicly traded. This type of business is a ...........
Private Limited Company
500
Give three disadvantages of a Private Limited Company
