QUESTION: 29

A 'mixed economy' is:

One which is confused
One in which private and public sectors operate together
A market economy
A centrally-planned economy

Answer(s): B

Explanation:

It is an economy in which the public and private sectors work together. This is now the norm in most countries, with private sector involvement to a greater or lesser extent. In North Korea there is a (rare example of a) planned economy, and in the United States there is a heavily market-led (pri-vate sector) economy.

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QUESTION: 30

The Kyoto Agreement is about:

Shipping freight rates
Climate change
Whale protection
Fishing rights

Answer(s): B

Explanation:

It is about climate change. The other answers are simply made up.

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QUESTION: 31

Which of the following are ways of classifying organisations? (select all that apply)

Activity
Size
Primary objective
Structure and ownership

Answer(s): A,B,C,D

Explanation:

All of these are ways of classifying organisations.
Examples: Retailers, SMEs, limited companies, etc

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QUESTION: 32

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:

Corporate Identity
Corporate Social Responsibility
Corporate Manslaughter
Corporate Governance

Answer(s): D

Explanation:

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.

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Free L3M1 Exam Braindumps (page: 9)

QUESTION: 29

Explanation:

QUESTION: 30

Explanation:

QUESTION: 31

Explanation:

QUESTION: 32

Explanation:

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