S1 Business Enterprise Hwk 4

Which sector of economy aims to raise awareness of their cause and raise donations?

• Private

• Public

• Third

Which sector of economy aims to maximise profits?

• Private

• Public

• Third

Which sector of economy aims to stay within budget and make the best use of funds?

• Private

• Public

• Third

How is the public sector financed?

• Owners savings

• Donations

• Taxes

• bank loan

How is the third sector financed?

• Owners savings

• Donations

• Bank loan

• Taxes

How is the private sector financed?

• Owners savings

• Taxes

• Donations

What is a business owned and run by one person known as?

• one person business

• sole trader

• partnership

• private limited company

Which is an advantage of a sole trader?

• Heavy workload

• Hard to take time off

• Owner keeps all the profit

• Unlimited liability

How many people own a sole trader?

• one

• two

• fifty

• twenty

which is a disadvantage of a sole trader?

• Choose own hours

• make own decisions

• hard to take time off

• keep all the profits