Chap 17
Private limited company is owned by between
1 and 100 shareholders
1 and 15 shareholders
1 and 149 shareholders
1 and 150 shareholder
_ means business owner's property can be seized to pay off debts
Limited liability
Unlimited liberty
Liability limited
Unlimited liability
A license agreement that allows a person to sell an existing business' goods/services
Franchise
Franchisee
Co-operative
Monopoly
When an organisation controls the supply of a good/service with no competition
Co-operative
Franchise
Monopoly
Stock exchange
A business owned by government to ensure country isnt taken over by private business'
State-sponsored business
Public limited company
Cls
A business whose shares can be traded on stock exchange
Shareholder
General ledger
Stock market
Public limited compnay
Members of a ___ are people who want to buy/access its goods/services
Co-operative
Consumer-cooperation
Consumer co-operative
Consuming co-operative
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