level: Types of Businesses
Questions and Answers List
level questions: Types of Businesses
| Question | Answer |
|---|---|
| Sole Trader | a business structure where one individual own and operates a business. |
| Patnership | a business structure which consists of between two to twenty owners who share profits and responsibilities. |
| Private Limited Company | an incorporated business structure that has at least one director and a maximum of 50 shareholders. |
| Public Listed Company | is an incorporated business that has an unlimited number of shareholders and lists and sells its shares on the ASX. |
| Social Enterprise | is a type of business that aims to fulfil a community or environmental need by selling goods or services. |
| Government Business Enterprise | is a business that is owned and operated by the government. |