1.2 - Types of organizations

Individual shareholders

________ have very little say, as the larger institutional investors and directors hold most of the shares.

Key function

________: Raising funds from individuals and organizations to support a cause that is beneficial to society.

Floatation

________: When a business first seels all or part of its business to external investors (shareholders)

board of directors

A(n) ________ (BOD): Elected by the shareholders to run the company on their behalf.

Social wellbeing

________: Successful applicants who receive microfinance are less likely to take their children out of school.

Ensures that everybody

________ has access to basic services.

Theyre

________ set up and run for the benefit of others in society.

Shareholders

________ place their trust in the management team to run the company on their behalf, although interests may conflict.

Inefficiencies

________: Although limited liability charities offer protection to the owners, it also means that those who run the charity are not personally held liable for any debts incurred.

Businesses

________ run in a commercial- like manner but without profit being the main goal.

Lack of continuity

Profit taking: The sole trader is the only owner and receives all profits made by the business. ________: Running a business can be jeopardised if the owner isnt present.

Lack of harmony

________: Disagreements and conflicts are common, but there must be mutual trust.

Governments

________ may benefit from the expertise of private enterprise.

amount of finance

Likely to include: The ________ contributed by each partner.

Profit

It is argued that a public- private partnership can benefit from the dynamics, finance and efficiency of the private sector alongside the benefits of public sector funding and support. What is not the priority? Answer with a single words or term.

Corporations

What are sometimes called joint- stock companies: The shares of the business are jointly held by numerous entities? Answer with a single words or term.

Porsche

Companies have shares in other companies. Who is the majority shareholder of Volkswagen? Answer with a single words or term.

Advocacy NGOs

________: Take a more aggressive approach to promote or defend a cause, striving to raise awareness through direction action.

Partnerships

What are financed mainly from the personal funds of each owner? Answer with a single words or term.

Memorandum of Association

2 documents must be produced and submitted before companies can begin trading: ________: A relatively brief document outlining the fundamental details of the company.

Financial strength

________: More ________ than sole proprietorships.