1.1 - 1.3 Organizations Quiz

the part of the economy run by private individuals and businesses, rather than by the government (sole traders, partnerships, companies, and cooperatives)

• Public Limited Company

• Public Sector

• Private Limited Company

• Private Sector

A subcategory of the tertiary sector, where businesses are involved in intellectual, knowledge-based activities that generate and share information

• Secondary Sector

• Quaternary Sector

• Public Sector

• Tertiary Sector

The people or organizations who actually use a product

• State-owned Enterprises

• Customers

• Cooperatives

• Consumers

Organizations involved in the production of goods and/or the provision of services

• Businesses

• Vision Statement

• Public Sector

• SWOT Analysis

A business owned by shareholders with limited liability but whose shares cannot be bought by or sold to the general public

• Sole Trader

• Private Limited Company

• State-owned Enterprises

• Company/ Corporation

Businesses involved in the cultivation or extraction of natural resources

• Tertiary Sector

• Primary Sector

• Secondary Sector

• Private Sector

The act of behaving as an entrepreneur but as an employee within a large business organization

• Tertiary Sector

• Public Sector

• Intrapreneurship

• Entrepreneurship

. A type of private sector business owned by 2-20 people. They share the responsibilities and burdens of running and owning the business

• Sole Trader

• Private Limited Company

• Partnerships

• Micro Financer

The document that sets out the business idea, its goals & objectives and other details of how the business will operate (such as its marketing, operations and finance). It is often a crucial part of an attempt to raise external sources of finance.

• Ethical Code of Practice

• Deed of Partnership

• Business Plan

• Company/ Corporation

The moral principles that guide decision-making and strategy. Morals are concerned with what is considered to be right or wrong, from society’s point of view.

• Pressure Groups

• Charities

• Ethics

• Corporate Social Responsibility