Course review

1.2 Types of business entities

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Learning objective

1.2.1—Private and public sectors

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• Distinguish between private sector and public sector organizations • Ownership, purpose, funding, and accountability differ across sectors

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Learning objective

1.2.2—Main for-profit organizations

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• Evaluate features of sole traders, partnerships, privately held companies, and publicly held companies • Compare ownership, liability, control, finance, continuity, and legal status

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Learning objective

1.2.3—For-profit social enterprises

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• Evaluate private sector companies, public sector companies, and cooperatives as social enterprises • For-profit social enterprises combine commercial activity with social or environmental aims

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Learning objective

1.2.4—Non-profit social enterprises

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• Evaluate non-governmental organizations (NGOs) • NGOs pursue social, humanitarian, or environmental aims without distributing profit to owners

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