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ICT- G041 Revision > Types Of Companies > Flashcards

Types Of Companies Flashcards

1
Q

What is a public-service organisation?

A

A organisation that is controlled and funded by the government. These organisations are usually non-profit and are here to serve the community.

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2
Q

Name some examples of public-service organisations.

3

A

Schools.
Hospitals.
Police.

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3
Q

What is a commercial organisation?

A

A business that trades to make a profit but doesn’t manufacture goods. The main aim of a commercial organisation is to make a profit for the owner and the shareholders.

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4
Q

Name some examples of commercial organisations.

4

A

Utilities (transport, water, electricity and gas).
Shops.
Banks.
Employment agencies.

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5
Q

What is a Micro Business?

A

A business with less than 50 employees.

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6
Q

What is a small business?

A

A business with between 50 and 250 employees.

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7
Q

What is an E-commerce organisation?

A

A business that sells products or a service online.

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8
Q

Name some examples of E-commerce organisations.

2

A

Amazon.

eBay.

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9
Q

What is a charitable organisation?

A

An organisation with only charitable purposes.

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10
Q

What is a multinational commercial company?

A

A commercial company that span more than one country.

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11
Q

What is a industrial organisation?

A

Make goods for sale.

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12
Q

What is a sole trader?

A

One person who works for themselves and doesn’t have any employees.

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13
Q

What is an organisation?

A

An individual or group working in a structured way to accomplish specified tasks or results.

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14
Q

What is a LTD company?

A

A private limited company.

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15
Q

What is a PLC company?

A

Public limited company.

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16
Q

Which type of company uses shares?

A

Limited companies.

17
Q

What are the four sectors that organisations are said to trade in?

A

Primary Sector.
Secondary Sector.
Tertiary Sector.
Quaternary Sector.

18
Q

What is the Primary sector?

A

Acquiring natural resources.

19
Q

What are examples of Primary sector organisations? (3)

A

Fishing.
Mining.
Farming.

20
Q

What is the Secondary sector?

A

Add value to natural resources or to products which have been derived from natural resources.

21
Q

What are examples of Secondary sector organisations? (3)

A

Carpenters.
Steel works.
Car manufactures.

22
Q

What is is a Tertiary sector organisation?

A

Provide a service.

23
Q

Examples of Tertiary sector organisations? (3)

A

Hotels.
Education.
Catering.

24
Q

What is a Quaternary sector organisation?

A

Provide information.

25
Q

Examples of Quaternary sector organisation?

A

Computing.
ICT.
Consultancy.

26
Q

What are financial services provided by banks? (3)

A

Hold accounts.
Lend money.
Provide mortgages.

ICT- G041 Revision (10 decks)

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