Foreign Educator Teaching System

Tag: public

  • Public corporation definition

    Public corporations Public corporations are owned by the government There are no shareholders in public corporation Main aim is to work for welfare of the general public Run by a management appointed by the government

  • Cooperatives

    Co-operatives Cooperatives are owned and managed by its members persons Cooperative operate for the welfare of its members Owners are referred to as the members Different co-operatives have different objectives Can sell shares to general public

  • Multinational corporation

    Multi-nationals A company which produces or provides services in more than one country The advantages and disadvantages they provide to the country where they operate are: –        Advantages: employment, tax revenue, quality products –        Disadvantages: harm to domestic industry

  • Public and Private companies

    Private companies Private limited is a business owned and managed by at least 2 persons Owners are referred to as shareholders Private companies have limited liability Private companies raise finance by issuing share Cannot sell share without consent of the other shareholders   Public companies Public limited is a business owned and managed by at…

  • What is a partnership?

    Partnership Partnership is a business owned and managed by at least 2 persons Owners of partnership are referred to as partners Partner have unlimited liability Partnerships raise more finance Partners make decisions after consultation Partnership business is easy to set up

  • The Sole Proprietor

    Sole proprietor Sole proprietor is a business owned and managed by one person Sole proprietor is often referred to as the sole trader Sole trader has unlimited liability Sole trader has limited finance Sole trader makes all the decisions Sole trader business is easy to set up

  • Different Business organization

    Types of business organizations Sole proprietors Partnerships Private companies Public companies Multi-nationals Co-operatives Public corporation

  • Public Sector Organisations

    Organizations in the public sector Public corporation Local government authorities   Aims of organisations in the public sector Public corporation Profit is not the main aim Provide jobs Provide goods and services at a low price Provide services which would not be provided by private sector Street lighting, railway and defense.

  • 2 Sectors in Business

    2 sectors in business Private sector Public sector