Section 1 - General Business Flashcards
1
Q
What is GDPR?
A
General Data Protection Legislation.
2
Q
What is UK-GDPR?
A
General Data Protection Legislation, as a result of Brexit.
3
Q
What is the importance of upholding codes of conduct?
A
It ensures that professional behaviour is maintained and rules are followed.
4
Q
What organisation structure is my company?
A
Private Limited Company
5
Q
What is a Private Limited Company?
A
A business that is owned by shareholders and on whose behalf, directors run the business.
6
Q
What is a Public Limited Company?
A
A business that offers shares for sale to the general public, through a stock exchange.
7
Q
What is the difference between a Private and Public Limited Company?
A
- Public Limited Companies are larger than Private Limited Companies
- Public Limited Companies can raise more capital and grow more quickly, without the need to borrow from banks.
