3 - Forms of Business Organisation
3 - Forms of Business Organisation
3 - Forms of Business Organisation
6. Dividend F. A business jointly owned by all its members and existing for
the benefit of its members rather than making profit
Q2 What is the word formed by the first letter of each term defined below?
3.1 A non-profit organisation often funded by donations
3.3 The sector of society which includes the National Health Service and Police force
3.4 The place in London where shares are bought and sold in plc’s
In the sector there are businesses owned by private individuals. These include
____ traders, partnerships and private and public limited . Companies are
_______ meaning they have become a separate legal entity from the owners, can sue and
be sued in law and the owners of shares have liability meaning they can only lose
the amount invested in the business. Unincorporated businesses like sole traders and
partnerships have the risk of unlimited for the owner meaning they can lose
personal if the businesses gets into financial problems. Public sector
organisations are owned by ,either local or national.
5.2 Many plc’s in the UK are reluctant to devote huge funds to Research and Development
5.3 Share prices in plc’s are likely to fall after a profit warning