Chapter 3 - Lesson 3 - Section 2: The form of the enterprise
learning objectives:
Economics:
• You learn what forms of enterprise there are.
• You learn what a legal entity is.
Language:
• You practise how to get the right answers out of a text.
• You practise with formulating answers.
• You learn what forms of enterprise there are.
• You learn what a legal entity is.
Language:
• You practise how to get the right answers out of a text.
• You practise with formulating answers.
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Slide 1: Tekstslide
EconomieMiddelbare schoolvwoLeerjaar 2
In deze les zitten 12 slides, met tekstslides.
Lesduur is: 50 minOnderdelen in deze les
learning objectives:
Economics:
• You learn what forms of enterprise there are.
• You learn what a legal entity is.
Language:
• You practise how to get the right answers out of a text.
• You practise with formulating answers.
• You learn what forms of enterprise there are.
• You learn what a legal entity is.
Language:
• You practise how to get the right answers out of a text.
• You practise with formulating answers.
Slide 1 - Tekstslide
What can you tell me about a bussinesplan
First think about it
Slide 2 - Tekstslide
What can you tell me about the Chamber of Commerce?
First think about it
Slide 3 - Tekstslide
Starting your own Business
Read the introduction text of the document 'Starting your own business'
1. In paragraph one they use the term consultancy firm. What is the dutch translation of this term and explain in English what those sort of companies do.
2. In paragraph two the use the sentence: 'Before plucking up which is planted, there is a time to plant'. What do they mean with this?
3. According to paragraph three what feeling does starting your own business give you.
4. In paragraph three the Chamber of Commerce gives two examples of things you have to do when you own a business. What are these two examples?
5. What advise does the Chamber of Commerce give you at the end of paragraph three?
1. In paragraph one they use the term consultancy firm. What is the dutch translation of this term and explain in English what those sort of companies do.
2. In paragraph two the use the sentence: 'Before plucking up which is planted, there is a time to plant'. What do they mean with this?
3. According to paragraph three what feeling does starting your own business give you.
4. In paragraph three the Chamber of Commerce gives two examples of things you have to do when you own a business. What are these two examples?
5. What advise does the Chamber of Commerce give you at the end of paragraph three?
Slide 4 - Tekstslide
Correct your homework
Section 3.1: Finish questions 1 till 11
Learn the terms of section 3.1 on page 94
Learn the terms of section 3.1 on page 94
Slide 5 - Tekstslide
The form of the enterprise
There are four types of commercial enterprises:
• A sole trader
• The general partnership
• A public limited company (plc)
• A limited company (Ltd.)
• A sole trader
• The general partnership
• A public limited company (plc)
• A limited company (Ltd.)
Slide 6 - Tekstslide
The form of the enterprise
A sole trader (=eenmanszaak)
One person is the owner and in charge.
The company is not a legal entity.
The owner is personally liable (=persoonlijks aansprakelijk) and can lose his/her private assets.
Continued existance is poorly arranged.
One person is the owner and in charge.
The company is not a legal entity.
The owner is personally liable (=persoonlijks aansprakelijk) and can lose his/her private assets.
Continued existance is poorly arranged.
Slide 7 - Tekstslide
The form of the enterprise
The general partnership (=Vennootschap onder firma)
Two or more persons are the owners and in charge.
The company is not a legal entity.
The owners are personally liable (=persoonlijks aansprakelijk) and can lose their private assets.
Continued existance is better arranged. If one owner becomes ill the other owner can take over.
Two or more persons are the owners and in charge.
The company is not a legal entity.
The owners are personally liable (=persoonlijks aansprakelijk) and can lose their private assets.
Continued existance is better arranged. If one owner becomes ill the other owner can take over.
Slide 8 - Tekstslide
The form of the enterprise
A public limited company (=Naamloze vennootschap)
Shares are sold on the stock exchange (=aandelen beurs). Shareholder is part-owner of the company.
The company is a legal entity.
The owners/shareholders are not personally liable (=persoonlijks aansprakelijk) and can't lose their private assets.
Continued existance is no issue because a manager is leading the company and not the owners/shareholders.
Shares are sold on the stock exchange (=aandelen beurs). Shareholder is part-owner of the company.
The company is a legal entity.
The owners/shareholders are not personally liable (=persoonlijks aansprakelijk) and can't lose their private assets.
Continued existance is no issue because a manager is leading the company and not the owners/shareholders.
Slide 9 - Tekstslide
The form of the enterprise
A limited company (=Besloten vennootschap)
Shares are not sold on the stock exchange (=aandelen beurs) but to people the owners know. Shareholder is part-owner of the company.
The company is a legal entity.
The owners/shareholders are not personally liable (=persoonlijks aansprakelijk) and can't lose their private assets.
Continued existance is no problem because part of the shares can be sold to another person.
Shares are not sold on the stock exchange (=aandelen beurs) but to people the owners know. Shareholder is part-owner of the company.
The company is a legal entity.
The owners/shareholders are not personally liable (=persoonlijks aansprakelijk) and can't lose their private assets.
Continued existance is no problem because part of the shares can be sold to another person.
Slide 10 - Tekstslide
Work on section 3.2
Page 75 till 78 - Question 1 till 8
No phones!
Don't speak too loud!
No phones!
Don't speak too loud!
Slide 11 - Tekstslide
Homework
Section 3.2:Finish questions 1 till 8
Learn the terms of section 3.1 and 3.2 on page 94
Learn the terms of section 3.1 and 3.2 on page 94
