Forms of Business Ownership
A business owned by the irish government.
What is a State owned company?
This company is owned by between 1-149 owners (shareholders)
What is a a private limited company?
The owners of a company. They invest their money and receive a dividend.
who are the shareholders?
business only lose what they invest
What is limites liability?
The number of sides on a standard pencil.
What is 6?
It is owned and managed by 2-20 owners
What is a parntership?
A written contract granting permission to operate a business to sell products and services as an exact replica to others.
What is a franchise?
these people are votes in by the shareholders. They make all the major decisions.
who are the board of directors?
Without this, event the best products and services would remain unsold. This is how you promote products and services.
What is Marketing?
The fable in which a boy sold a cow for beans.
What is Jack and the Beanstalk?
A business owned and run by just one person.
What is a Sole Trader?
A unique business organized by two or more other businesses to operate for a limited time and for a specific project.
What is a joint venture?
they are appointed by the board of directorsto run the company on the day-to-day basis.
who is the managing director (CEO)?
this is when a company buys products in bulk and therefore gets a discount.
What is Economies of Scale?
This is the only country that is also a continent.
What is Australia?
you must register to this if you are a new company or want to change your company name
companies registration office
this company is set up and by a minimum of 7 owners, who come together and establish an enterprise with the aim of helping one another
What is a co operative?
This person is elected by the Board to be in charge of running meetings. Acts as a figurehead for the company.
who is the Chairperson?
this is when the company ends after an owner dies or retires.
What no continuity of existence?
This Netflix series features a group of kids fighting supernatural forces in the town of Hawkins.
What is Stranger Things?
this is part of the constitution for setting up a private limited company.
Articles of Association
this is a company with a head office in one country and branches in other countries
What is a multinational company?
this person is responsible for administration of the company. They take minutes at meetings and sends the agenda and notice for all meetings.
What is the company secretary?
each partner is legally responsible and can be personally sued.
What does not a separate legal entity mean?
He was the first President of the United States.
Who is George Washington?