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The Business of Travel & Tourism Flashcards | StudBud
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The Business of Travel & Tourism
The Business of Travel & Tourism
10 terms
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StudBud Administration
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28 plays
#business #BTEC #travel
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What type of company 'rents' the use of another companies brand?
Partnership
LLP
Consortium
Franchise
2
Who owns a public sector business?
Shareholders
The Queen
The Government
Banks
3
What is VAT?
Tax on fuel
Tax on sales
Tax on income
Tax on expenses
4
What is a PLC?
Perfectly Legal Company
Pretty Lousy Company
Public Limited Company
Private Limited Company
5
Where are limited companies registered?
The Royal Mint
Somerset House
House of Commons
Companies House
6
Who owns a co-operative?
its management
Its employees
Its customers
Its members
7
What is a shareholder?
An investor in a company
Anyone with a vested interest in the success of a company
An employee of a company
A customer of a company
8
If a partnership fails, who is liable for debt?
The partner who was at fault
The bank
Both partners
The Government
9
What is nett profit?
Profit left after costs, taxes and overheads
profit left over after costs have been paid
Money paid to the government
money paid by a customer
10
What is a grant?
A loan from the bank
An overdraft from the bank
Money from the government to help a company
A tax rebate
