Different Forms of Business (AQA A-Level Business): Flashcards
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Practise the cards
10 cards from this deck
Public sector organisations ownership
Public sector organisations ownership
Government or local authorities
Privatisation definition
Privatisation definition
Converting govt-owned businesses to private ownership
Unincorporated business legal status
Unincorporated business legal status
Business and owner legally the same entity
Unlimited liability meaning
Unlimited liability meaning
Owner liable for all business debts
Incorporated business legal status
Incorporated business legal status
Separate legal entity from owners
Limited liability meaning
Limited liability meaning
Personal assets protected if business fails
Shareholders definition
Shareholders definition
Owners of a limited company
Share capital characteristic
Share capital characteristic
Permanent funding, never repaid by company
Dividend definition
Dividend definition
Share of profits distributed to shareholders
Capital growth meaning
Capital growth meaning
Increase in share value over time