Business Year 10 Component 1

What is an AIM?

• Bread and butter

• Long term goal

• Short term goal

• Steps

What is an enterprise?

• businesses that put the interests of people and planet ahead of shareholder gain

• business that its main aim is to maximise profit

• a project or undertaking, especially a bold or complex one

Something you are born with, e.g. resilience

• skills

• qualities

• attributes

• strengths

Teamwork is an example of ...

• Opportunities

• Threats

• Qualities

• Skills

Sole trader is ...

• that has offered shares of stock to the general public

• formal arrangement by two or more parties to manage and operate a business and share its profits.

• small business entity

• you run your own business as an individual and are self-employed.

Private limited company is ...

• small business entity

• has offered shares of stock to the general public

• not offering shares of stock to the general public

• one person running a business

appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities are ....

• Ethics

• Corporate Ethics

• Business ethics

• Business Morale

One of the disadvantages of this type of company is being responsible for all loss with all personal finance

• Private limited company

• Public limited company

• Sole trader

Liability is ...

• Income taxes payable

• Interest payable

• is something a person or company owes, usually a sum of money.

• all options are correct

Business, which is uses sustainable practices is considered to be ...

• Ethical business

• Moral Business

• Environmental friendly Business