Which of the following are ways of classifying organisations? (select all that apply)
Answer(s): A,B,C,D
All of these are ways of classifying organisations.Examples: Retailers, SMEs, limited companies, etc
The system by which organisations are directed and controlled, thinking about business ethics and stakeholder responsibility, and where Directors may be held to account, is called:
Answer(s): D
Corporate Governance. Not to be confused with CSR.Corporate identity relates to marketing and branding; corporate manslaughter is the concept of an organisation being criminally accountable for the deaths of humans through some lack of care. An example might be the deaths of rail company employees on the railway track, where the prosecution would attempt to show that it was the employers' fault.
In terms of interest rates, the `base rate' is:
Answer(s): A
The base rate is often used as a basis for the calculation of other rates, some of which eg credit card repayment rates, bear no resemblance to the base rate. Some longer-term, perhaps more responsible, lending, uses changes in the base rate to determine a repayment rate for debt eg mortgage rates. For credit card repayment rates and for late payments in business contracts there is often a considerable amount of freedom to agree relevant rates, but government is often encouraged to influence to try to ensure some level of sanity. The answer which references procurement of a new 'instrument' is an attempt at humour, 'base' be- ing a type of guitar.
Which of the following could be described as an organisation?
Answer(s): A,C,D
All except the self-employed tutor have a social arrangement with collective goals, and controls on performance.The self-employed tutor may have a goal, but it is not collective; is not part of a(n internal) social arrangement and controls on performance may be entirely in their own hands, or perhaps even ab- sent altogether.
The primary objective of a private sector organisation is...
Answer(s): B
The primary objective of private sector is to create profit(s). While the other answers may occur in private sector, they are not the primary objective.
Post your Comments and Discuss CIPS L3M1 exam prep with other Community members:
Our website is free, but we have to fight against AI bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the L3M1 content, but please register or login to continue.