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