Podcast
Questions and Answers
What is a key advantage of partnerships?
What is a key advantage of partnerships?
- Prolonged decision-making
- Lack of harmony
- Financial strength (correct)
- Unlimited liability
Which of the following is a disadvantage of a partnership?
Which of the following is a disadvantage of a partnership?
- Financial privacy
- Limited liability
- Specialisation and division of labour
- Unlimited liability (correct)
What is the main aim of private sector organizations?
What is the main aim of private sector organizations?
- To generate profit for owners (correct)
- To promote social welfare
- To regulate industry standards
- To provide essential goods and services
What does limited liability imply for shareholders?
What does limited liability imply for shareholders?
Which type of business entity is owned and controlled by private individuals?
Which type of business entity is owned and controlled by private individuals?
Which of the following is NOT a characteristic of a private limited company?
Which of the following is NOT a characteristic of a private limited company?
What characterizes public sector organizations?
What characterizes public sector organizations?
What is a common reason for disputes in partnerships?
What is a common reason for disputes in partnerships?
Which of the following is a feature of nonprofit social enterprises?
Which of the following is a feature of nonprofit social enterprises?
Why might a family-run private limited company prefer to remain private?
Why might a family-run private limited company prefer to remain private?
What is an example of a privately held company?
What is an example of a privately held company?
What is a potential financial implication of becoming a public limited company?
What is a potential financial implication of becoming a public limited company?
What is a major benefit of being a publicly held company?
What is a major benefit of being a publicly held company?
What is the primary characteristic of cooperatives?
What is the primary characteristic of cooperatives?
Which type of organization is primarily involved in providing essential mailing services?
Which type of organization is primarily involved in providing essential mailing services?
Which of the following is a feature of partnerships?
Which of the following is a feature of partnerships?
What characterizes a privately held company?
What characterizes a privately held company?
What is a potential disadvantage of transitioning Mars Incorporated to a publicly held company?
What is a potential disadvantage of transitioning Mars Incorporated to a publicly held company?
How does a public limited company raise capital?
How does a public limited company raise capital?
Which of the following companies is an example of a publicly held company?
Which of the following companies is an example of a publicly held company?
What might hinder the decision of the Mars family to float their company publicly?
What might hinder the decision of the Mars family to float their company publicly?
Which of the following is NOT a disadvantage of limited liability companies?
Which of the following is NOT a disadvantage of limited liability companies?
What enables a publicly held company to provide shares to a wide audience?
What enables a publicly held company to provide shares to a wide audience?
What does the term 'continuity' refer to in the context of limited liability companies?
What does the term 'continuity' refer to in the context of limited liability companies?
What is one advantage of cooperatives?
What is one advantage of cooperatives?
How does GWD claim to operate more sustainably compared to traditional whisky industries?
How does GWD claim to operate more sustainably compared to traditional whisky industries?
What does the phrase 'triple bottom line' refer to?
What does the phrase 'triple bottom line' refer to?
What is a common feature of non-governmental organizations (NGOs)?
What is a common feature of non-governmental organizations (NGOs)?
What factor does NOT typically affect the choice of business type when establishing a new business?
What factor does NOT typically affect the choice of business type when establishing a new business?
What could be considered a disadvantage of cooperatives?
What could be considered a disadvantage of cooperatives?
Which statement is true regarding for-profit organizations and non-profit social enterprises?
Which statement is true regarding for-profit organizations and non-profit social enterprises?
How do private sector social enterprises plan to use their surpluses?
How do private sector social enterprises plan to use their surpluses?
Why may some goods and services provided by NGOs be underprovided by the public sector?
Why may some goods and services provided by NGOs be underprovided by the public sector?
How do cooperatives differ from traditional businesses?
How do cooperatives differ from traditional businesses?
What role do public sector for-profit social enterprises usually play?
What role do public sector for-profit social enterprises usually play?
What is the purpose of This Saves Lives as a social enterprise?
What is the purpose of This Saves Lives as a social enterprise?
What is a defining characteristic of GlenWyvis Distillery?
What is a defining characteristic of GlenWyvis Distillery?
What is a potential disadvantage of slower decision-making in cooperatives?
What is a potential disadvantage of slower decision-making in cooperatives?
What is the primary aim of private sector for-profit social enterprises?
What is the primary aim of private sector for-profit social enterprises?
In what way do cooperatives ensure social responsibility?
In what way do cooperatives ensure social responsibility?
