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OTHM Level 3

Authored by chami shehani

Business

University

Used 2+ times

OTHM Level 3
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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What is the main difference between a business and an organization?

A business aims to make a profit, while an organisation may not

A business is always large, while an organization is always small

An organisation only operates in the public sector

A business cannot have stakeholders

2.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

Which of the following is NOT a legal business structure?

Sole Proprietorship

Partnership

Limited Liability Company (LLC)

Cooperative Corporation

3.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What is the primary purpose of a non-profit organisation?

To maximize profit for shareholders

To provide goods and services for free

To serve a social cause without the goal of profit

To avoid paying taxes

4.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What is the key characteristic of a public sector business?

It is owned and controlled by private individuals

It is always focused on generating profits

It is funded and operated by the government

It is focused only on international markets

5.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

Which stakeholder is most concerned about business profitability?

Customers

Employees

Government

Shareholders

6.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

How does a flat organizational structure differ from a hierarchical one?

A flat structure has more management levels

A hierarchical structure has fewer levels of management

A flat structure has fewer management levels and promotes open communication

A hierarchical structure does not have any managers

7.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What does the PESTLE framework help businesses analyze?

Internal business strengths

External business environment factors

Employee productivity

Customer satisfaction

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