Types of LSO's

Question 1

Name the 5 types of LSO’s

Answer 1

Public companies
Private companies
Government business enterprise
government departments

Question 2

Public Companies

Answer 2

Shares listed on the ASX, and may be opnely traded. Usually provides a good/ service, aims to make a profit

Question 3

Private company

Answer 3

Owned by up to 50 shareholders, mainly owned by a certain family, not listed on the ASX restrictions on who can buy their shares
eg. Ripcurl/7/11/ retrovision

Question 4

Government Business Enterprises

Answer 4

Owned and operated by the government , typically large organisation that employees large amounts of people, for profit
EG. Vic Roads

Question 5

Government Department

Answer 5

Federal state or local level, provides essential community services, not for profit.
EG. Department of Justice

Question 6

Charities and Foundation

Answer 6

Provides goods, services, or profit . Doesn’t do it for profit, and all monetary gain is placed back into the cause ( donations )
EG. World vision