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WorksheetsCompany types- Arts Admin
Total questions: 8
Worksheet time: 5mins
What is the definition of subsidised theatre
Theatre where you have to pay a subsidy to the government
makes no profit. Uses funds donated by a patron - could be the government. Must ensure that ticket prices make theatre accessible for all.
Non for profit organisations who give to charity
Receiving House
a theatre which produces work
receives funding
no original work. Host others
a community venue
What is a PLC
Public Limited Cooperation- a co-operative with limited shares
Public Limited Company shares on FTSE Stock Exchange (public shares)
Public Liability Co- insurance company
What is a Statutory Company
created by a Special Act of the Parliament and it provides services of value to the public
A company that has to abide by the law
a company from the United States
A company owned y the government, for the government
In a Co-operative, shareholders are who?
the owners
the workers
the company directors
the public
Which two answers relate to a company limited by guarantee?
an alternative type of corporation used primarily for non-profit organisations that require legal personality.
a company that is solely reliant on its' guarantee of revenue
An entrepreneur can opt to set up a new independent business and try to win customers.
does not usually have a share capital or shareholders, but instead has members who act as guarantors.
What does it mean when a company is limited by shares?
Shares a sold for charity
the liability of the shareholders to creditors of the company is limited to the capital originally invested
the company is limited in what it is able to fund/provide
the company cannot go bankrupt or be sued
Which of these statements describe a limited company
they are incorporated, which means they have their own legal identity and can sue or own assets in their own right.
any business that is owned and controlled by one person
Ownership is divided up into equal parts called shares
does not usually have a share capital or shareholders, but instead has members who act as guarantors
their owners are not personally liable for the firm's debts.
