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New JC Working Life
New JC Business Studies Your Working Life
| Question | Answer |
|---|---|
| Work | any activity that requires effort, either physical or mental. |
| Employment | any work undertaken for payment. |
| An employee | a person who is employed in paid work. |
| An employer | a person or organisation that pays the employee for the work done. |
| Self-employment | refers to people who work for themselves rather than being employed by somebody else. |
| A volunteer | a person who works for an organisation but does not get paid. |
| unemployed | A person that currently has no paid work but are available to work. |
| Sole traders | self-employed people who own and manage their own small business. |
| Partnerships | where two or more people (but not more than 20) are in business together in order to share both the running of a business and the profits. |
| Companies | businesses owned by investors called shareholders. They are registered with the Companies Registration Office (CRO). |
| Co-operatives | businesses that are democratically owned and controlled by their members, who may be the firm's workers, suppliers or customers. |
| Public sector organisations | owned by the State on behalf of the citizens and provide goods and services. |
| Charities | enterprises set up to provide a service, but not for a profit. |
Created by:
MrFromholz
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