Business Recap

What is Public Sector?

• The public sector is the part of the economy that is controlled by the government.
• The public sector is primarily focused on private business operations.
• The public sector is a part of the economy that is driven by market competition.
• The public sector refers to non-profit organizations and charities.

What is a Sole Trader?

• A Sole Trader is a government-owned business entity.
• A Sole Trader is a corporation with limited liability.
• A Sole Trader is a partnership of two or more individuals.
• self-employed - who owns and runs their own business as an individual.

What is Micro-Enterprise?

• A micro-enterprise is a type of non-profit organization.
• A micro-enterprise is a government-funded organization.
• A micro-enterprise is a large corporation with thousands of employees.
• Is a small business with fewer than 10 employees.

What is a type of business ownership?

• SME

• Sole Trader

• Individual

• Tall

What is Private Sector?

• The private sector is solely focused on public welfare and services.
• Organisations that are funded mainly by the sales of goods/services

• The private sector refers to non-profit organizations only.
• The private sector is a government-controlled part of the economy.

EasyJet and TUI are organisation in the Private Sector?

• Yes

• No

What is an example of a Public Sector Organisation?

• Education Providers

• World Health Organization (WHO)
• United Nations (UN)
• British Broadcasting Corporation (BBC)

What is another type of Business Ownership?

• TESCO

• TUI

• Co-Operative

• Easyjet

What is Co-Operative?

• An organization owned & operated by a group of individuals for their benefit

• A cooperative is a non-profit charity organization.
• A cooperative is a for-profit business that prioritizes shareholders.
• A cooperative is a type of government organization.

A Private Limited company is an organisation owned by shareholders who have each invested a sum into their business

• True

• False