Chapter 4

Last updated about 1 year ago

1 question

A01 - key term vocab

Draggable item		Corresponding Item
Limited liability		Business owner is only liable for the original amount of money invested in the business; shareholders are legally responsible for debts
Public limited company		A limited company is owned by a few private shareholders friends or family limited by shares with separate legal entity via incorporation company’s house.
Registrar of companies		A public company is owned by many, shares are sold publicly on the stock exchange only if it has a minimum 50K share capital.
Articles of Association		Owners of limited companies
Private limited company		Share of the profit paid to shareholders in a company
Shareholder		Meeting between shareholders and directors to discuss company report, performance & goals
Dividend		Deals with the registration and setting up of the new business
Memorandum of Association		This sets out the constitution and gives details about the company
Multinational company		This seals with the internal running of the company
Certificate of incorporation		Document needed before a new company can start doing business
AGM annual general meeting		A large business with significant production or service operations in two different countries