Josh belony Flashcards
What company says “to organise the world’s information and make is universally accessible and useful”?
Why don’t a lot of millionaires retire?
they like the challenge and need something to do
What is a mission statement?
To explain the reason that an organisation exists.
Why is planning location important?
Find the population of people in the area and other competitors in the area.
What are aims and objectives?
Aims are what an organisation wishes to do in the the long-term, looking years into the future.
What letters follows a private limited company?
LTD
What are profits given to shareholders called?
Dividends
Who owns limited liability companies?
Share holders
What liability does a sole trader have ?
Unlimited liability
Can a sole trader employ other people?
Yes but it can be risky.
