organisation or external to theorganisation. Explain how the different stakeholder groups interact and how theirobjectives may confic with one another Compare the power and influence of various stakeholder groups and how their needs should be accounted for,such as under the Mendelow framework. (三)思考与实践Chapter questions and practices (1)Florence Nightingale runs asuccessful and growing small business asasole trader.She wishes toexpand the business and has her eyes on Scutari Ltd,a small private limited company in the same lineAfter the acquisition,she runs the two businesses as if they were one operation making no distinctionbetween them.What is the legal form of the business she isrunning? >This is quite a tricky question.For example.if suppliers have contracts with Scutari Ltd.the contract iswith the company,and Forence isnot legally liable for the company's debts.If their contracts are withFlorence,then they are dealing with her personally.Florence has to make a choice. (a)She can run theentire business as a sole trader,in which case Scutari Ld's assets must betransferred to her (b)She can run her entire business as a limited company,in which case she would contribute theassets of her business as capital to the company (e)She can ensure that the two business are legally distinct in their assets,liabilities,income andexpenditure (2)A private sector organisation is one owned or run by: A Central government B Local government C Government agencies D None of the above >D.None of the above.A public sector organisation is owned or run by central or local government. (3)Here are four statements relating to the features of different types oforganisation: AThis type of organisation can sell its shares to the public. B This type of organisation is owned and run by two or more peoplewho are legally indistinguishable from tsef C This type of organisation is controlled by the government. DThis type of organisation is owned and democratically conrolled byits members Required: (a)Identify the description bove which is with each of thefollowing types of organisation,by selecting A.B.C.Dor none. (i)Private limited company (ii)Partnership 4 organisation or external to theorganisation. Explain how the different stakeholder groups interact and how their objectives may conflict with one another. Compare the power and influence of various stakeholder groups and how their needs should be accounted for, such as under the Mendelow framework. （三）思考与实践 Chapter questions and practices (1) Florence Nightingale runs a successful and growing small business as a sole trader. She wishes toexpand the business and has her eyes on Scutari Ltd, a small private limited company in the same line.After the acquisition, she runs the two businesses as if they were one operation making no distinctionbetween them. What is the legal form of the business she is running? ➢ This is quite a tricky question. For example, if suppliers have contracts with Scutari Ltd, the contract iswith the company, and Florence is not legally liable for the company's debts. If their contracts are withFlorence, then they are dealing with her personally. Florence has to make a choice. (a) She can run the entire business as a sole trader, in which case Scutari Ltd's assets must betransferred to her (b) She can run her entire business as a limited company, in which case she would contribute theassets of her business as capital to the company (c) She can ensure that the two business are legally distinct in their assets, liabilities, income andexpenditure (2) A private sector organisation is one owned or run by: A Central government B Local government C Government agencies D None of the above ➢ D. None of the above. A public sector organisation is owned or run by central or local government. (3) Here are four statements relating to the features of different types oforganisation: A This type of organisation can sell its shares to the public. B This type of organisation is owned and run by two or more peoplewho are legally indistinguishable from the organisation itself. C This type of organisation is controlled by the government. D This type of organisation is owned and democratically controlled byits members. Required: (a) Identify the description above which is associated with each of thefollowing types of organisation, by selecting A, B, C, D or none. (i) Private limited company (ii) Partnership