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Unit 22: Investigating business key terms Flashcards | StudBud
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Unit 22: Investigating business key terms
Unit 22: Investigating business key terms
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UNIT 22: Investigating business in sport and the active leisure industry (ALO A)
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is it called when two or more people come together to form a business.
Private Limited Company
Partnership
Public Limited Company
Sole Trader
2
Which of the following is
NOT
a Public sector business?
Charitable trust
Local Authority
Public Corporation
3
Size of businesses - 50 to 249 (A Football League club - players, manager, coaching staff etc)
Medium
Large
Micro
Small
4
When a business grows in size, either by recruiting more people or increasing their profits
Diversification
Service provision
Survival
Growth
5
What type of public business is shown in the image?
Public Corporation
Charitable trust
Local Authority
6
What are the aims of voluntary sector businesses?
To make a high net profit
To create jobs and be the market leader
To buy additional swimming pools
To support local communities by running projects
7
What is
NOT
a strategy a company might use to survive through difficult times?
Administration
Increase spending
Bank Loan
Sell assets
8
Which sector operates on a non-profit basis and are exempt from most taxes.
Voluntary
Charitable
Private
Public
9
The amount (£) left over after deducting all costs of supplying the goods or services/rent.
Gross Loss
Gross Profit
Net Loss
Net Profit
10
The point at which the total revenue or income of a company matches the total outgoings
Market leadership
Break-even
Survival
Growth
11
A business that is owned and run by its members.
Public Limited Company
Cooperative
Partnership
Private Limited Company
12
A large company with shares offered for sale to the public and investors on the stock market.
Private Limited Company
Sole Trader
Voluntary
Public Limited Company
13
Businesses that are owned by an individual person or group of people - not a government.
Private Sector
Voluntary Sector
Public Sector
Sports Sector
14
What is the purpose of a Private company?
Meet government standards
To make a profit
To encourage participation
Provide value for money
15
Which of the following businesses has unlimited liability?
LTD
Partnership
Cooperative
Soletrader
