business section Flashcards
1
Q
what are the three different forms of business ownership
A
sole proprietorship- a business owned by only one person
partnership- owned by two or more people who contribute resources into the business
cooperation- that has a seperate legal personality from its owners
2
Q
what are private and public sectors
A
private
a company that is run by an owner not by the government ( the government has nothing to do with the company what so ever)
public
a part of an economy that is controlled by the state
3
Q
what is the corporate social responsibility (CSR)
A
is a corporations initiative to access and take responsibility for the companies effects on the environmental and social wellbeing.
