BUSMAN UNIT 3 (A01)

Pregunta	Respuesta
Sole Trader	* individual operating * sole person legally responsible + simple, cost-effective, gives owner all decision making power - unlimited liability
Partnership	* 2 to 20 ppl * governed by Partnership Act of 1958 *requires separate TFN + simple, cheap, shared ideas and workload - unlimited liability - conflict
Private Limited	* incorporated (separate legal identity) * divided into shares * not listed on ASX + limited liability + no money lost if stock falls - complex and expensive eg. VISY, Linfox
Public Listed	* shareholders who own the company * listed on the ASX + limited liability + money increases with stock and trading of shares - complex and expensive - risk of money lost if stock falls eg. Qantas
Social Enterprise	* revenue generating, primary social object * all surpluses reinvested for profit + trading to fulfil a social object + avoids dependence on funding + socially beneficial - high risk - difficult to make profit eg. Thankyou
Government Enterprise	* Commonwealth entity that aims to make profit * all profits returned to State for reinvestment into budgets eg. NBN, AusPost, VicRoads
To Make Profit	surplus remaining after costs are deducted from revenue - the basis on which tax is calculated/dividends paid
Increase Market Share	percentage of industry's sales that the business receives

Resumen del Recurso

	Creado por Annie Zhang hace alrededor de 7 años