BTEC Sport Business Sectors

Which one of these is a private sector business?

• Private LTD

• Public Corporation

• Charitable Trust

• Local Authority

What is a private sector aim?

• To cut costs

• To support communities

• To make profit

• Meet Gov standards

Public Limited Companies are the largest type of private sector companies?

• True

• False

Private LTD companies sell shares on the stock exhange

• True

• False

Partnerships can have how many partners?

• 1-10

• 2-10

• 2-12

• 2-20

Limited liability is when...

• You are liable for all debts of the business

• You are only liable for the amount of your shares in the business

What are the three different sectors in business?

• Primary, Secondary and Third

• Private, Public and Voluntary

• Retail, Leisure and Public Service

• High Street, Online and Delivery

If you are a sole trader you have what liability?

• Unlimited

• Limited

If you are a shareholder in a PLC, you have what liability?

• Unlimited

• Limited

A business that only operates in a district area has what scope?

• Local

• National

• International

• Multinational