1.2e Non-Profit Organisations Flashcards Preview

Business Studies AS > 1.2e Non-Profit Organisations > Flashcards

Flashcards in 1.2e Non-Profit Organisations Deck (10):
1

Non-profit organisations definition

Organisations that do not have an aim of making profit for the owner

2

What do non-profit organisations do with profit?

- Reinvest it back into the business
- Put it towards reaching its objectives

3

Are charities a separate legal status?

No

4

Requirements for a charity

- Must have exclusively charitable aims
- Approved by charities commission
- Trustees are not allowed to receive financial benefits from the charity

5

Social enterprise definition

Business who's profits are reinvested into the business or with other stakeholders

6

Features of social enterprise

- Underprivileged/less able employees
- Environmentally friendly materials
- Profit to help stakeholders
- Provides service to local community

7

Pressure group definition

Organisation formed by a group of like-minded people who wish to exert their feelings.

8

What are mutual societies also known as?

Industrial societies or provident societies

9

Who are mutual societies owned by?

Employees/members

10

What tax do charities not have to pay?

- Income tax
- Capital gains tax
- Stamp duty
- Inheritance tax

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