Key Characteristics of different organisations Flashcards
This includes what the different organisations are and what some of the characteristics of them are.
What is a key feature of Public Service Broadcasting?
Representation, public interest, quality, innovation, culture
Public Service Broadcasting aims to serve the public interest through various forms of media.
What is the aim of Sector Skills Councils?
To ensure that provision within the vocational education and training system is tailored to meet the demands of employers within sectors
These councils are employer-led organizations.
What do Creative Bodies express?
Unique ideas
Creative Bodies focus on providing innovative and original content.
What defines a Corporation?
Separate legal existence, government regulations, taxation, governance, and management
Corporations are distinct entities that exist independently of their owners.
What are Limited Companies characterized by?
Limited liability, minimum number of shareholders, tax benefits, taxed as partnership
Limited Companies offer protection to their shareholders by limiting their financial liability.
What are Small and Medium-Sized Enterprises (SMEs) known for?
Innovation, independence, flexibility, scope of action, proximity to the customers
SMEs play a crucial role in the economy by fostering innovation and meeting local needs.
What is a defining feature of Not-for-Profits?
Usually have the status of a separate legal entity
Not-for-Profits operate without the goal of making profits for owners or shareholders.
What is a requirement for Charities?
Must be charitable, established exclusively for public benefit, cannot make profits
Charities focus on social causes and helping communities.
What skills are important for a Freelancer?
Good time-management, professionalism, flexible, initiative
Freelancers often work independently and manage their own schedules.
What is a key characteristic of a Sole Trader?
Full control over your business, continuity, taxed as an individual, minimal admin requirements
Sole Traders operate as individual business owners with less regulatory burden.
