Types of Businesses

Sole proprietor is the same as

• Sole farmer

• Sole trader

• Sole maker

• Sole partner

Collateral is valuable asset pledged as a

• deficit

• limited liability

• economic value for a corporation

• security for a loan

The owners of a cooperative business are called _______

Profits shared equally among members are called

• Dividends

• Divisions

• Deductions

• Decisions

All are types of Cooperative EXCEPT

• Consumer

• Producer

• Staller

• Worker

A shareholder is a person or institution owning ______ in a limited company

Which type of company has the legal right to sell shares to the general public?

• Private Liability Corporation

• Private Limited Company

• Public Liability Corporation

• Public Limited Company

Who are the shareholders for a Private Limited Company?

• Members

• Neighbours

• Public

• Relatives

This type of business offers low interest on capital and loans.

• Cooperative

• Sole trater

• Public Limited Company

• Private Limited Company

This is an advantage that both Private and Public Limited Companies have

• Shares available on the stock exchange

• Limited liability

• Unlimited shareholders

• Prices are subject to change