business section Flashcards
1
Q
what are the different forms of business ownership?
A
sole trader
company
partnership
trust
2
Q
what is private sector?
A
The private sector is a company not run by the government.
3
Q
what is public sector?
A
public sector is a company run by the government
4
Q
what is corporate social responsibility ?
A
is a form of corporate self-regulation united into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms