Flashcards in Chapters 4-13 Deck (73)
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
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.
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
Someone who is in charge of a meeting or directs the work of a committee or organisation
28. Certificate of incorporation
Document needed before a new company can start doing business
29. Stock market
Market for shares in PLC’s
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.
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.
Document produced by a company that wants the public to buy its shares
31. Regulatory control
Official power to control an activity and to make sure that it is done in a satisfactory way
• 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
31. Multinational company
Large business with significant production or service operations on at least 2 different countries
Sale of new shares
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.
36. Public corporations
Business organizations owned and controlled by the state/government
Collection (of business interests or products)
Basic systems and structures that a country or organization needs in order to work properly
38. Natural monopoly
Market where it is more efficient to have just one organization meeting total market demand
Paying part of the costs (often by the government in business)
Transfer of public sector resources to the private sector (business)
Ch7. 50. Primary sector (industry)
Production involving the extraction of raw materials from the earth
50. Secondary sector (industry)
Production involving the conversion of raw materials into finished and semi-finished goods.
50. Assembly plant
Factory where parts are put together to make a finished product.
50. Tertiary sector (industry)
Protection of services in the economy
Decline in manufacturing
Ch8. 57. Brownfield sites
Areas of land that were once used for urban development
57. Greenfield sites
Previously undeveloped areas of land, usually on the outskirts of towns and cities
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
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