Business organisations & sectors (Tlevel unit 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

In a business context, which of the following is NOT one of the sectors in which organisations operate formally?

• Public

• Private

• Not-for-profit/voluntary

• Informal

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

• Business

• Charities

• Private school

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

• NHS

• Business

• Charities

• Government agency

Which of the following is an example of a not-for-profit/voluntary organisation?

• NHS

• Business

• Charities

• Private hospital

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 specific industries