S2 BUSINESS MANAGEMENT
HOMEWORK EXERCISE 5
Copy the following table. Match the business names with the correct type of
business:
BUSINESS NAME
McCluskey Brown Solicitors
Red Cross
Liberal Democrats
Gerry McKenna Plumbing and Heating
Glenfield Bowling Club
Clydesdale Bank plc
North Ayrshire Council
Kilmarnock Football Club Ltd
TYPE OF BUSINESS
Sole Trader
Partnership
Private Limited Company
Public Limited Company
Central Government
Local Government
Clubs and Societies
Charity
8 marks
Copy out the following paragraph filling in the missing words – use the WORD
BANK provided.
A Public Limited Company is much ______________ than a private sector business.
They raise capital by selling _______________ on the Stock Exchange. If you own a
share in a PLC you are known as a _________________ . One advantage of being
the owner of a PLC is ________________ liability. One disadvantage is that you can
lose ________________ of the business. A PLC is usually controlled by a
_____________ of Directors.
BOARD LIMITED SHARES
CONTROL SHAREHOLDER LARGER
6 marks
What types of businesses are being described below?
1
2
3
4
An agreement where an entrepreneur buys a license to use another
businesses products, brand and trade secrets.
A business owned, controlled and run by a group of users for their own
benefit.
To provide help or relief to the poor and needy.
The main governing body of a country – decides on laws and policies.
4 marks