Business week 1 UGIC

A …....., also known as a sole proprietorship, is a simple business structure in which one individual runs and owns the entire business.​

• sole trader

• shareholder

• board of directors

A ….. is a legal arrangement that allows two or more people to share responsibility for a business. Those partners share the ownership and profits.​

• capital

• shareholder

• partnership

A ........ is an organisation owned by shareholders who have each invested a sum into the business.  ​

• public limited company

• private limited company

• non profit organisation

A(n) ........ is a business that is managed by directors and owned by shareholders. It can offer shares to the public.

• public limited company

• private limited company

• incorporation

A .....  is one that is not driven by profit but by dedication to a given cause that is the target of all income beyond what it takes to run the organization.

• non profit organisation

• capital

• partnership

The term '...............' refers to businesses that have no affiliation to the government and that are privately owned.

• public sector

• private sector

• assets

The ........ is comprised of businesses that are owned, controlled and funded by the government.

• private sector

• sole trader

• public sector

........... is the legal process used to form a corporate entity or company. It is the way that a business is formally organized and officially brought into existence.​

• Incorporation

• Capital

• Liability

A ........... can be a person, company, or organization that holds stock(s) in a given company.​

• board of directors

• self-employed

• shareholder

A person is ...... if they run their business for themselves and take responsibility for its success or failure.​

• self-employed

• shareholder

• partnership