Chapter 3

 0    23 tarjetas    bogavacema836
descargar mp3 imprimir jugar test de práctica
 
término definición
Legal status
empezar lección
position defined by law
Innovator
empezar lección
someone who introduces changes and new ideas
Labour
empezar lección
people employed in business/ used in production
Unincorporated
empezar lección
businesses where there is no legal difference between the owner and the business
Incorporated
empezar lección
businesses that have a separate legal identity from its owners
Sole trader
empezar lección
business owned by a single person
Unlimited liability
empezar lección
owner of a business is personally liable for all business debts
Partnership
empezar lección
business owned by anything between 2 and 20 people
Deed of partnership
empezar lección
binding legal document that states the formal rights of partners
Limited partnership
empezar lección
partnership where some partners contribute capital and enjoy a share of profit but do not take part in running the business
Limited liability
empezar lección
business owner is only liable for the original amount of money invested in business
Audits
empezar lección
official examinations of a company’s financial records in order to check that they are correct
Comply
empezar lección
to do what you have to do or are asked to do
Franchise
empezar lección
structure in which a business allows another operator to trade under their name
Merchandise
empezar lección
goods that are being sold
Social enterprise
being
empezar lección
business that aims to improve human or environmental well
Cooperative
empezar lección
company, factory or organisation in which all the people working there own equal share of it
Consumer cooperatives
empezar lección
cooperative that is owned by its customers
Retail cooperative
empezar lección
cooperative of retail members who often work together to assert their purchasing power
Worker cooperative
empezar lección
cooperative owned by its employees
Charities
empezar lección
organisations that give money, goods or help to people who are poor, sick or in need of help
Accountable
empezar lección
responsible for the effects of your actions and willing to explain or be criticised for them
Transparent
empezar lección
language or information that is clear and easy to understand

Debes iniciar sesión para poder comentar.