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Unit 1.4 Business Objectives - Do Now

Quiz by Charles

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4 questions
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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

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