Year 11 Business

A ______________ is a business that is established by a government in response to a need in a community.

• Profit-based business

• Not-for-profit business

• Government-owned corporation

• Government business enterprise

Pick the structures that provide the owners with limited liability

• Sole Trader

• Partnership

• Private Company

• Public Company

Which of the following is not a characteristic of a public company?

• Shares transferrable by shareholders consent

• Limited Liability for owners

• 'Ltd' in its name

• Minimum of 5 shareholders

This business type is established to provide goods, services or funds to a particular concern or to work to benefit a community.

• Profit-based business

• Not-for-Profit based business

• Government-owned corporation

• Government business enterprise

This type of business structure has between 2-20 owners, is not a separate legal entity and the owners share the control and management of the business.

Going into a steady state, into decline or renewal are three options in which part of the business life cycle?

• Start-up

• Growth

• Maturity

• Post-Maturity

'Pty Ltd' in a business's name indicates that it is a:

• Sole Trader

• Partnership

• Private Company

• Public Company

A _________ is considered a separate legal entity, which means it has the same rights as a natural person, and can incur debt, sue and be sued.

A _________ environment is the wider environment in which a business operates.

The analytical tool that assists a business with analysing their strengths, weaknesses, opportunities and threats is:

• STEEPLE

• PESTLE

• SWOT

• Break-Even Analysis