business section Flashcards

1
Q

what are the different forms of business ownership?

A

sole trader
company
partnership
trust

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2
Q

what is private sector?

A

The private sector is a company not run by the government.

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3
Q

what is public sector?

A

public sector is a company run by the government

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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

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