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WorksheetsT- Level _ Session_2_ Start Up Activity
Total questions: 20
Worksheet time: 10mins
What is the primary purpose of organisations?
To generate profit
To bring people together for a common purpose
To provide public services
To promote cultural diversity
Which sector includes organisations owned and controlled by national governments or local authorities?
Private sector
Public sector
Not-for-profit sector
Cooperative sector
Which of the following is an example of a public sector responsibility?
Profit maximization
Social order maintenance
Market share expansion
Brand identity development
What is the main responsibility of the national government in the public sector?
Providing local infrastructure
Creating economic stability
Environmental services
Economic development
Which sector includes organisations that are run for profit-making activities?
Public sector
Not-for-profit sector
Private sector
Cooperative sector
Which of the following is not a size category for private sector businesses?
Small businesses
Medium businesses
Large businesses
Mega corporations
What are the four main types of business in the private sector?
Sole proprietorship, partnerships, NGOs, limited liability corporations
Partnerships, co-operatives, non-profits, public corporations
Sole proprietorship, partnerships, co-operatives, limited liability corporations
Limited liability corporations, public corporations, mutual societies, NGOs
Which characteristic gives an individual identity to a business organisation?
Profit maximization
Mission and objectives
Control system
Recording systems
What might be a personal motive for setting up and running a business?
Market share expansion
Financial freedom
Profit maximization
Economic development
What is the primary motive for not-for-profit/voluntary sector organizations?
Profit maximisation
Personal satisfaction
Delivering essential services
Market share expansion
Which term describes organizations operating NOT-FOR-PROFIT, VOLUNTARY, and philanthropic style business activities?
Public sector
Private sector
Third sector
Cooperative sector
What are the three main types of organisations in the third sector?
Sole proprietorship, partnerships, NGOs
Voluntary or community groups, registered charities, non-government organizations (NGOs)
Limited liability corporations, public corporations, social enterprises
Mutual societies, co-operatives, community interest companies (CICs)
What are the expected values of third sector organisations generally classified as?
Maximizing shareholder wealth
Generating profit for owners
Helping to improve people's lives, delivering essential services, contributing to economic growth
Expanding market share
Why is financial health vital for not-for-profit and voluntary organisations?
To maximise shareholder wealth
To create surpluses for personal profit
To sustain financial stability and reinvestment in the organisation and/or its identified cause
To eliminate competition
Which sector includes organizations like the NHS and education?
Private sector
Public sector
Third sector
Cooperative sector
What is the primary responsibility of local authorities in the public sector?
Providing national security
Formulating government policies
Maintaining social order
Creating economic stability
Which type of organisation ranges in size from 1 to 9 employees?
Large businesses
Small businesses
Medium businesses
Micro businesses
What are the two major administrators of public sector organisations?
Small businesses and medium businesses
National government and local authorities
Charities and NGOs
Sole proprietorship and partnerships
What is the term used to describe organisations that may have philanthropic or social enterprise values and objectives in the private sector?
Public sector
Third sector
Mixed sector
Cooperative sector
What should all third sector organizations aim to create to sustain financial stability and reinvestment in the organisation and/or its identified cause?
Profit
Market share
Surpluses (profits)
Losses
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