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2 - E3 Page 65 Quiz Basic terms
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wind up
dissolve
stakeholder
entity with an interest, finanical or otherwise in a business or activity
benefits
positive rewards or income from activity
assets
everything owned by a legal entity
buffet
false friend for partnership/practice/chambers
shareholder
(part) owner
dividend
payments to shareholders (in PLCs) from revenue
revenue
income from business activity (before tax)
to issue
offer shares for sale
liabilities
any and all debts in company accounts
board
composed of the directors (or perhaps partners) of the business
firm
synonym for business
set up
establish (a business)
listed
desctribes the state of a public company on a stock market
share capital
money earnt from sale of securities
dissolve
liquidating a business
partners
co-owners of a LLP, such as a private legal practice
officers
(senior) executives
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