S1 Business Enterprise Hwk 5

A partnership is owned by..

• One person

• Two or more people

• Shareholders

A partnership is controlled by...

• The owners (partners)

• board of directors

• managers

• shareholders

Which is NOT in a deed of partnership

• finance invested by each partner

• roles and responsibilities of each partner

• percent share of profits

• share price

Which is an advantage of a partnership

• shared workload

• arguements

• unlimited liability

• shared profits

Which is a disadvantage of a partnership?

• shared workload

• more skills and ideas

• more finance invested

• arguments between partners

What are the three sectors of economy?

• private, secondary, third

• private, public, third

• private, public, primary

Who owns the public sector?

• one owner

• two or more owners

• Government

• board of trustees

How is the public sector financed?

• bank loan

• owner investment

• donations

• taxes

Which is an aim of the public sector?

• To stay within budget

• To maximise profits

• To raise awareness for their cause

Which organisation is in the public sector?

• Coca Cola

• Sciaf

• NHS

• Dominos