Business vocabulary review

A public company is one that is

• owned by the public

• traded on the share market

• owned by the government

• run by a partnership

A sole trader is the best business structure

• for someone who sells shoes

• for someone who has a lot of money to invest

• an individual who wants to start a small business

• to protect yourself from liability

Stakeholders in a business are usually

• those that hold up a business

• those that have a vested interest in a business

• only the employees and employers

• only those who invest money in a business

A well known franchise company is

• Meridan State College

• Aunty Dy's Doggie Day Care

• The Brisbane Brocos

• Subway

A not for profit business is usually set up to

• not make a profit

• avoid taxation

• serve the community

• make the CEO millions of dollars

You would set up a company for your business if

• you were just on your own

• you wanted to protect your personal assets

• you were struggling to pay your bills

• you wanted to buy shares

A private company

• has shares listed on the stock market

• keeps all its taxation private

• can earn more capital than a public company

• usually pays better wages than a public company

Business structure refers to

• the building a business works out of

• the number of employees a business has

• the legal set up of a business

• the number of investors in a business

A government run business is part of the

• public sector

• private sector

• stock market

• not for profit sector

A NASCENT business is one that is

• broke

• new

• growing

• owns shares