Chapters 4-13 Flashcards Preview

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Flashcards in Chapters 4-13 Deck (73)
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Ch.4 p.27 Venture capitalists

• Specialist investors (individuals or companies) who provide money for business purposes, often to new businesses.
• google inc or banks

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28. Limited companies

• Business organisations that have a separate legal identity from that of their owners
• the owner’s personal belongings (car, house...) are protected.

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28. Limited liability (limited companies)

• Shareholders are legally responsible for the debts of a company according to how many shares they own.
• if a business goes bankrupt and a shareholder owns 50% of the business, and they business owes 3000 euros, the shareholder would have 1500 euros

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28. Chairperson

Someone who is in charge of a meeting or directs the work of a committee or organisation

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28. Certificate of incorporation

Document needed before a new company can start doing business

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29. Stock market

Market for shares in PLC’s

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29. Private limited company

In the uk, a private company limited by shares, which means the liability of the shareholders to creditors of the company is limited to the capital originally invested, a shareholder’s personal assets are protected, and with Ltd or Limited after its name.

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31. Public limited company

In the uk, a limited company whose shares are freely sold and traded, with a minimum share capital of 50000, and the letters Plc after its name.

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31. Prospectus

Document produced by a company that wants the public to buy its shares

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31. Regulatory control

Official power to control an activity and to make sure that it is done in a satisfactory way

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31. Flotation

• Process of a company ‘going public’
• from the on, everyone will be able to see the money they earn p, if they make operations or decisions

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31. Multinational company

Large business with significant production or service operations on at least 2 different countries

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33. Issue(shares)

Sale of new shares

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Ch5. 35. Productivity

Rate at which goods are produced, and the amount produced specially in relation to the work, time and money needed to produce them.

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36. Public corporations

Business organizations owned and controlled by the state/government

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37. Portfolio

Collection (of business interests or products)

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37. Infrastructure

Basic systems and structures that a country or organization needs in order to work properly

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38. Natural monopoly

Market where it is more efficient to have just one organization meeting total market demand

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38. Subsidise

Paying part of the costs (often by the government in business)

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39. Privatisation

Transfer of public sector resources to the private sector (business)

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Ch7. 50. Primary sector (industry)

Production involving the extraction of raw materials from the earth

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50. Secondary sector (industry)

Production involving the conversion of raw materials into finished and semi-finished goods.

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50. Assembly plant

Factory where parts are put together to make a finished product.

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50. Tertiary sector (industry)

Protection of services in the economy

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52. De-industrialisation

Decline in manufacturing

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Ch8. 57. Brownfield sites

Areas of land that were once used for urban development

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57. Greenfield sites

Previously undeveloped areas of land, usually on the outskirts of towns and cities

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61. Assisted areas

Areas that are designated by a government as having economic problems and are targeted to receive support in a variety of forms

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61. Viability studies

Careful study of how a planned activity will work, how much it will cost, and what income it is likely to produce

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62. Trade bloc

Group of countries situated in the same region that join together and enjoy trade free of barriers