Types of organizations

__________ are non-profit social enterprises that provide voluntary support for good causes

• Partnerships

• Charities

• Corporations

• Social enterprises

________ are for-profit enterprises set up, owned and operated by employees

• State-owned enterprises

• Public-private partnerships

• Cooperatives

• Corporations

__________ refers to a business that is owned by the shareholders. A certificate of incorporation gives the company a separate legal identity from its owners.

• Public sector company

• Social enterprise

• Corporation

• Partnership

______________ means that there is a legal difference between the owners of a company and the business itself, ensuring limited liability

• Deed of partnership

• Initial public offering (IPO)

• Incorporation

• State-owned enterprise

Occurs when a firm sells all or parts of the company to shareholders on a stock exchange for the first time

• ROI

• IPO

• SCO

• NGO

______________ is a restriction on the amount of money that owners can lose if the firm goes bankrupt

• Unlimited liability

• Personal liability

• Limited liability

• Shared liability

____________ are a type of private sector business owned by 2 - 20 people who share the responsibilities of running the business

• Sole traders

• Cooperatives

• Partnerships

• Private limited company

A _______________ is a business owned by shareholders with limited liability but whose shares cannot be sold to the public

• partnership

• private limited company

• public limited company

• corporation

A _____________ is an incorporated business that allows the public to buy and sell shares on a stock exchange

• cooperative

• private limited company

• public-private partnership

• public limited company

A ______________ is a self-employed person who runs and controls the firm

• sole trader

• entrepreneur

• business angel

• stakeholder