the business framework 2 0.0 / 5 ? Business StudiesPeople in businessGCSEWJEC Created by: amylingCreated on: 11-05-15 12:17 what are employeess and managers main interests of a business? to be paid a reasonable amount of money 1 of 23 how do employeess and managers influence a buisness worrking hard to get a potential pay rise 2 of 23 whats the private sector? a business thats owned by private individuals 3 of 23 what the public sector? a business that are controlled by central and local government 4 of 23 what businesses are in the private sector? uncorpareted and incorparated 5 of 23 what is in the unicorpareted section sole traders and partnerships 6 of 23 what a soletrader one person who owns the business (they can still employ people though 7 of 23 whats a partnership when you share owning the business between 2 -20 people 8 of 23 whats in the incorparated sections private limited company and a public limited company 9 of 23 define a private limited company a private limited company is owned by shareholders and shares are only sold to freinds and family 10 of 23 define a public limited company a business that sell shares on the stock exchange to members of the public 11 of 23 whats a plc public limited company 12 of 23 whats a ltd private limited company 13 of 23 give two advantages of a sole trader finacial information is kept private, own boss 14 of 23 give two disadvantages of a sole trader unlimited liability, unreliable 15 of 23 give two advantages of a partnership more capital invested, financial information kept private 16 of 23 give two disadvantages of a partnership split the profit, conflicts can be caused in descision making 17 of 23 give two advantages of a plc shareholders have limited liablility, large capital 18 of 23 give two disadvantages of a plc financial information is published to the public, descision making can be slow 19 of 23 give two advantages of a ltd capital raised from selling shares, limited liablity 20 of 23 give two disadvantages of a ltd shares only sold to family and friend, growth is limited - maximum amount of shareholders is 50 21 of 23 define limited liablility if the business fails the owners are only responasable for amount they invested 22 of 23 define unlimited liability the owners of a business are liable for all its debts, and risk losing personal possesions to pay of debts 23 of 23
GCSE AQA business studies Unit 1 starting up a business 5.0 / 5 based on 1 rating Teacher recommended
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