Page 209 - E1 Integrated Workbook STUDENT 2018

Supplementary objective test questions

1 Which THREE of the following elements are contained within the
definition of an organisation?

A Collective goals

B Profit focus

C Social arrangements

D Controlled performance

E Efficiency

2 Which ONE of the following is the primary objective for a not for profit
organisation?

A Controlling costs

B Efficient utilisation of resources

C To maximise the benefit to the beneficiaries

D Achievement of stated objectives

3 Match the following descriptions to the appropriate type of organisation:

Type of Description
organisation

An organisation that has a separate legal identity to its
Sole trader owners and whose shares are not available for sale to
general investors.

Private limited An organisation which can attract finance from a range of
company external investors by issuing shares to the general public.

Partnership An organisation owned and run by one person.

An organisation owned and run by two or more individuals.
Public limited
company

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