Business Context 1.1

What is the definition of an organisation?

• A group of people who come together for a common purpose

• A place where people work individually

• A system of government

• A type of business

In what ways can organisations be set up?

• Formally or informally

• Only formally

• Only informally

• Through government mandate

Which of the following is an example of an informal organisation?

• Family

• Corporation

• Government agency

• University

Organisations are formed in every culture for what reason?

• For a variety of reasons

• For economic reasons only

• For political reasons only

• For educational reasons only

Which sector is also known as the third sector?

• Public

• Private

• Not-for-profit/voluntary

• Government

Which of the following is an example of a public sector organisation?

• NHS

• A private business

• A charity

• A family-owned shop

Which of the following sectors includes charities?

• Public

• Private

• Not-for-profit/voluntary

• Corporate

What is the classic definition of the public sector?

• Organisations owned and controlled by private individuals

• Organisations owned and controlled by national governments or local authorities

• Organisations run for profit

• Organisations that operate internationally

For whose benefit are public sector organisations run?

• For the benefit of private shareholders

• For the benefit of the whole nation or the local area

• For the benefit of international investors

• For the benefit of individual entrepreneurs

What does the term "public sector" encompass?

• Only political organisations

• Only economic organisations

• Political, economic, and legal organisations

• Only legal organisations