Unit 1.4 Business Objectives - Do Now
Quiz by Charles
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- Q1
Define public corporation
A business owned by private investors that sells shares on the stock market
Government owned and controlled organizations that provide services to the public
A shop or restaurant that serves the public
Any big company that has many employees
45s - Q2
Explain one benefit and one drawback of healthcare being provided by public sector.
Benefit: Highest quality care | Drawback: Only available in big cities
Benefit: Doctors earn more money | Drawback: Only treats emergency cases
Benefit: Free/low cost for everyone | Drawback: Long waiting times for treatment
Benefit: Quick treatment times | Drawback: High taxes for everyone
60s - Q3
Explain ONE advantage and ONE disadvantage if a business organization changes from partnership to private limited company.
Advantage: Easier to manage | Disadvantage: Cannot hire employees
Advantage: Can sell shares publicly | Disadvantage: Must share profits with shareholders"
Advantage: More owners can join | Disadvantage: Owners lose their business name
Advantage: Limited liability protection | Disadvantage: More expensive and complex to set up
30s - Q4
Explain ONE advantage and ONE disadvantage if a business organization changes from private limited company to public limited company.
Advantage: Can sell shares publicly | Disadvantage: Must share profits with shareholders
"Advantage: Limited liability protection | Disadvantage: More expensive and complex to set up
Advantage: Easier to manage | Disadvantage: Cannot hire employees
Advantage: More owners can join | Disadvantage: Owners lose their business name
60s