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 Retail Business Ownership Co-operatives_Charities_Non profit

Retail Business Ownership Co-operatives_Charities_Non profit

Assessment

Flashcard

Business

9th - 10th Grade

Practice Problem

Medium

Created by

Carly Matthews

Used 2+ times

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

What is the primary purpose of a not-for-profit organisation?

Back

The primary purpose of a not-for-profit organisation is to use its income to support the organisation's aims rather than to earn profits for owners.

2.

FLASHCARD QUESTION

Front

Name two examples of not-for-profit organisations as discussed in class.

Back

Two examples of not-for-profit organisations include charity shops and voluntary organisations.

3.

FLASHCARD QUESTION

Front

How do charities aim to manage their resources to support their causes?

Back

Charities aim to minimise costs and organise activities to maximise donations to support their causes.

4.

FLASHCARD QUESTION

Front

Describe the role of volunteers within not-for-profit organisations and charities.

Back

Volunteers play an essential role in helping charities and not-for-profit organisations by providing their time and skills, allowing these organisations to reduce wage costs.

5.

FLASHCARD QUESTION

Front

What are the key principles that co-operatives operate under?

Back

Co-operatives operate under principles of democratic control, where each member has an equal say in decision-making and the profits are shared among them.

6.

FLASHCARD QUESTION

Front

Identify two advantages of being a member of a co-operative.

Back

Two advantages of being a member of a co-operative include feeling a real impact on the business's operations and receiving fair profit sharing.

7.

FLASHCARD QUESTION

Front

What is a dividend, and who receives it in a co-operative?

Back

A dividend is the share of profits distributed to members of a co-operative.

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