BTEC T&T Level 3 Unit 1 - LA B

Identify the aims of private businesses from the options provided

• To make a profit by increasing market share

• Increased turnover or profit

• All of these

• Improve their public image

Which of the following is NOT an example of a private business?

• Sole trader

• Voluntary organisation

• Private limited company

• Public limited company

A private limited company sell shares on the stock exchange - true or false

• True

• False

Which terms means your responsibility is reduced to some extent?

• Dividend

• Shareholders

• Bankrupt

• limited liability

Who owns or funds public organisations?

• Charities

• Groups of shareholders

• Government

• sole traders

Promoting culture, proecting or conserving the envrionment, or education may be aims at the heart of which type of organisation?

• Public limited companies

• Public organisations

• Voluntary organisations

• sole traders

Which 2 of the following are sources of funding for voluntary organisations?

• Legacies

• Donations from the public

• Shares

• Government funding

What type of airline can be rented by other organisations, or may operate a set contract for a specific holiday season. Usually they will aim to fill every seat which are usually included in package holidays.

• Scheduled airline

• Long haul airline

• Low cost / budget airline

• Charter airline

Which of the following is likely to be included in an economy airline ticket?

• Drinks and snacks

• Hand luggage

• Pyjamas and toiletries

• A private departure lounge in airport

Ryanair is an example of which type of airline. Select two answers

• Low cost / budget

• Long haul carrier

• Charter

• Scheduled