types of organization

which type of organization provide necessities to the society without aiming at profit

• public limited company

• public sector company

• public company

• public corporation

what are the TWO similarities of sole trader and partnership?

• unlimited liability

• limited liability

• continuity

• lack of continuity

what is the difference between ltd and plc

• plc can sell shares but ltd cannot

• plc need to illustrate accounting records but ltd does not need to

• only plc can sell shares to the public

• plc is always wither larger size than ltd

which one is the disadvantage of public sector business

• charge high price to the public

• low efficiency

• aim for profit

• finance raised from shareholders

which one is the smallest size business?

• public sector

• public limited company

• cooperative

• sole trader

partners in the partnership business share the liability equally

• yes

• no

which one is not social enterprise?

• cooperatives

• public sector business

• Microfinance

• public private partnership

which one is NOT the characteristics of cooperative?

• no significant differences of payments between employees

• members have voting rights

• members of cooperatives are with unlimited liabilities

• all the members of cooperatives are active

which one is NOT the characteristic of Microfinance

• lend money to the poor

• it is a charity

• charge high interest of the loan

• Helps those living in poverty to become financially independent

why PPP become more popular now?

• private sector with enough experience to handle large government projects

• this form of business can earn more profit

• it release the financial burden of government