Understanding Organisational Sectors and Types

Which sector is also known as the third sector?

• Public

• Private

• Not-for-profit/voluntary

• Corporate

What is the main goal of public sector organizations?

• To maximize shareholder profits

• To serve the public interest

• To outperform private enterprises

• To achieve global expansion

Which role does the national government play in ensuring societal stability?

• Developing international relations

• Providing public education

• Upholding legal frameworks

• Managing national resources

What are the responsibilities of local authorities under the Local Government Act 2002?

• Economic, social, and environmental well-being

• International relations and diplomacy

• National defense and security

• Private sector investments

What type of services do local authorities provide under health services?

• Community planning

• Social care

• Land use

• Housing

What is the private sector?

• A sector controlled by the government

• A term used to describe non-profit organizations

• A term used to describe businesses owned by individuals or groups, run for profit

• A sector that includes only large corporations

What type of business organization is a "Public limited company (PLC)"?

• Sole proprietor

• Partnership

• Cooperative

• Limited liability corporation

Which of the following is an example of a Cooperative?

• Local shop

• The Co-op Society

• Private limited company (LTD)

• Franchise

Which of the following is a reason for business owners to set up and run their businesses?

• Profit satisficing

• Reducing competition

• Increasing taxes

• Limiting market growth

What is a characteristic of most third sector organisations?

• They are profit-driven

• They fall under voluntary or community groups, registered charities, or NGOs

• They are part of the government

• They are primarily educational institutions