Some examples from this set of practice questions
1.
Types of organisations
Answer: +For-profit +Not-for-profit
2.
What are for-profit enterprises?
Answer: For-profit enterprises aim to provide a good or service to make a profit
3.
Examples of for-profit enterprises
Answer: Debenhams, Dunnes Stores, Tesco, Eason\'s
4.
What are not-for-profit enterprises?
Answer: Not-for-profit enterprises aim to provide a service for other who cannot provide it for themselves or access the service in their own area
5.
Explain the term \'bottom line\'
Answer: The final result or the main point. It is what you want after all your work is done
6.
A not-for-profit enterprise has a triple bottom line often called the 3Ps. List them.
Answer: 1)To serve People (social, cultural) 2)To Protect the Planet (environment) 3)To make a Profit (financial)
7.
Examples of not-for-profit enterprises
Answer: Penny dinners, Pieta House, Cancer Research, St.Vincent de Paul.
8.
3 main ownership types?
Answer: *Sole trader *Private limited companies *Co-operatives
9.
Who is a sole trader?
Answer: An individual who sets up, owns, runs and controls a business. This individual provides the money to start and operate the business
10.
Define unlimited liability
Answer: When you have unlimited liability, if your business fails you could lose everything you own including your house
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller biancalove. Stuvia facilitates payment to the seller.
No, you only buy these notes for $5.41. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
80796 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
