IB SL & HL first year Final Exam

An example of public sector organization

• IBM
• APPLE
• CIA
• FACEBOOK

An example of private sector organization

• business owned by the government
• Police
• school district
• Facebook

An example of public business is

• a business that is owned by stock holders and traded on the stock market
• a business that is owned by family members
• CIA
• by a small group of people but not traded on the stock market

An example of private business is

• a business that is owned by stock holders and traded on the stock market
• a business that is owned by members of another country
• CIA
• by a small group of people but not traded on the stock market

An example of sole trader

• a group of people own the business
• business that is owned by family members
• one person owns the business
• by a small group of people who own a business but do not trade on the stock market

An example of partnership is

• a business that is owned by stock holders and traded on the stock market
• a business that is owned by more then 20 people
• a group of 2-20 people own the busines
• by a small group of people who own shares in a business but do not trade on the stock market

A LLC is a company that

• has limited liability
• can only be a sole trader
• limited liquid cash
• is required by law for all businesses

A vision statement is

• when you eye sight improves
• what business hope to be if everything goes their way
• when you have a spiritual vision
• is a statement of how workers should perform each day of work

A mission statement is

• when your eye sight improves
• what business hope to be if everything goes their way
• when you have a spiritual vision
• is a statement of how workers and business should perform each day

Ethical objectives are

• moral values set to protect people and environment
• moral values set to protect your profits
• moral values set to protect your business
• moral values set to protect your assests