Governance Quiz

What is the primary meaning of "governance" as used in modern contexts?

• The process of making important corporate decisions.

• The action or manner of governing a state, organization, etc.

• A system of rules for behavior management.

• The study of fundamental principles of government.

Which of the following is NOT listed as a type of organization?

• Private

• Public

• Voluntary/Not-for-profit

• Governmental

What type of organization is described as 'Not-for-profit'?

• Private

• Public

• Voluntary

• Corporate

What is the primary purpose of a private sector organization according to the Organisational Overview chart?

• To provide a good value service to the public

• To make a profit for its shareholders

• To provide a free service for those in need

• To pay shareholders dividends only

Which of the following is a method used by public sector organizations to manage their finances?

• Making a profit from sales

• Public Taxation

• Meeting targets within a budget

• Donations

What is the main financial source for voluntary sector organizations as shown in the chart?

• Public Taxation

• Increase in sales

• Donations

• Shareholder investments

According to the chart, what happens to the profit or surplus in public sector organizations?

• It is spent on supporting the organization's overall aim

• It goes back to central Government

• It is used to pay dividends to shareholders

• It is reinvested into business expansion

Which example fits a private sector organization as per the provided Organisational Overview?

• NHS

• Greenpeace

• Marks and Spencer

• State Schools

Which of the following is NOT one of the three economic sectors mentioned for research in the activity instructions?

• Private

• Public

• Voluntary

• Industrial

What is the primary goal of a voluntary sector organization according to the Organisational Overview chart?

• To make a profit for its shareholders

• To provide a free service for those in need

• To pay dividends to shareholders

• To support a specific cause without profit