BT- Ch - 1,2 & 3

Which of the following is NOT a key feature of an organisation?

• Controlled performance

• Collective goals

• Social arrangements

• Creation of a product or service

Which of the following organisations is normally found in the public sector?

• Schools

• Charities

• Businesses

The public sector is normally concerned with:

• making profit from the sale of goods

• providing services to specific groups funded from charitable donations

• the provision of basic government services

• raising funds by subscriptions from members to provide common services

A Co is a company which specialises in forestry. It has recently purchased B Co, which runs

a chain of recreational resorts. A has allowed B to build several new resorts on land which

is owned by A, but which it is no longer able to use. The resorts have proven highly

profitable and popular. Which of the following best explains the reason for the improved

performance of the combined entity?

• Specialisation

• Social interactivity

• synergy

• Service

Which of the following statements regarding limited companies is correct?

• Public limited companies have access to a wider pool of finance than partnerships or

  sole traders

• Both public and private limited companies are allowed to sell shares to the public

• Companies are always owned by many different investors

• Shareholders are liable for any debts the company may incur

Consider the following list of different organisations:

(i) Government departments

(ii) Partnerships

(iii) Charities

(iv) Companies

Which of these organisations would normally be classified as BOTH a not-for-profit

organisation AND a private sector organisation?

• (i) and (iii) only

• (iii) only

• (i) only

• (ii) and (iii) only

'An organisation that is owned and democratically controlled by its members.'

To which type of organisation does this definition relate?

• Charities

• Non-governmental organisations

• Co-operatives

• Private limited companies

Westeros is an organisation which imports computers into country A and sells them to the

public in order to make a profit. It is owned by fifteen individual investors, each of whom

owns an equal number of shares in Westeros. Westeros is not a public limited company.

Which of the following is likely to be the most appropriate source of finance for Westeros?

• Central government funding

• The existing owners of Westeros

• Issue of shares to the public

• Donations from the public

Consider the following statement:

Charities would usually be classified as a type of non-governmental organisation (NGO)

Is this statement TRUE or FALSE?

• True

• False

Employees are___________ stakeholders, while finance providers are___________Which two words fill the gaps in the above sentence?

• Internal, Connected

• External, Internal

• Connected, Outsiders

• Internal, Suppliers