BPP Learning Media Article Quiz

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Which feature is common to both co-operatives and mutual associations?

Surplus distribution based on shares held

Promotion of education

Democratic control (correct)

Outside investors ownership

What type of stakeholder is classified as a secondary stakeholder?

Community

Shareholders

External stakeholder (correct)

Management

In which situation would a primary stakeholder be classified as an internal & connected stakeholder?

When they own shares in the organization

When they are not directly involved in the operations

When they are part of the organization's management

When they have a contractual relationship with the organization (correct)

What can lead to conflict according to the text?

Divergence in stakeholder wants Signup and view all the answers

What distinguishes a credit union as a mutual association?

Owned and controlled by members Signup and view all the answers

In terms of the Mendelow's Matrix, stakeholders with high power and low interest are classified as:

Connected Signup and view all the answers

What is used to analyze uncertainty in the business environment according to the text?

PESTEL analysis Signup and view all the answers

Which of the following factors is NOT mentioned as affecting business according to the text?

Economic factors Signup and view all the answers

Which approach to environmental analysis is mentioned in the text?

Johnson & Scholes' approach Signup and view all the answers

In the context of organisations achieving their aims, what is crucial according to the text?

Taking into account the characteristics of the environment Signup and view all the answers

What is the main difference between a limited company and a sole trader?

The liability of the owner Signup and view all the answers

Which type of company requires consent from shareholders for the sale of shares?

Public Limited Companies Signup and view all the answers

What is a major advantage of Public Limited Companies over Private Limited Companies?

Ability to raise capital from the general public Signup and view all the answers

Which statement best describes the role of non-executive directors in a Limited Company?

Offer advice to the board of directors Signup and view all the answers

Why might a company choose to become a Public Limited Company over a Private Limited Company?

Ability to raise more funds from unconnected investors Signup and view all the answers

What is a disadvantage specific to limited companies mentioned in the text?

Shareholders have little practical power Signup and view all the answers

What is the role of the strategic apex in the organization according to the text?

Ensures the organization follows its missions Signup and view all the answers

Which group is responsible for converting inputs into outputs in the organization's structure?

Production line workers Signup and view all the answers

What is a disadvantage of a functional structure as mentioned in the text?

Creates vertical barriers to information flow Signup and view all the answers

What is the primary advantage of a functional structure according to the text?

Pools expertise in specialist areas Signup and view all the answers

Which group is responsible for determining the quality of output required in the organization?

Planners Signup and view all the answers

What is wrongful dismissal?

When an employer dismisses an employee and breaches the terms of the contract Signup and view all the answers

What is unfair dismissal?

When an employee is dismissed for arbitrary reasons Signup and view all the answers

What does the UK Data Protection Act 2018 protect?

Information about individuals Signup and view all the answers

What are the key risks affecting data protection?

Human error, technical malfunction, deliberate/malicious action, hacking Signup and view all the answers

What is personal data under data protection principles?

Information about living individuals Signup and view all the answers

Why is there concern about data protection related to computerized data?

Information can be transferred quickly and at low cost to third parties Signup and view all the answers