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Questions and Answers
What are the types of organizations according to outputs?
What are the types of organizations according to outputs?
- Service organizations
- Manufacturing organizations
- Profit organizations
- Productive organizations (correct)
Which legal forms of businesses are mentioned in the text?
Which legal forms of businesses are mentioned in the text?
- Sole proprietorship, partnership, corporation, cooperative (correct)
- Franchise, joint venture, merger, acquisition
- LLC, LLP, S corporation, C corporation
- Sole trader, limited company, public corporation, private limited company
What are the types of organizations according to ownership?
What are the types of organizations according to ownership?
- State-owned organizations, privately-held organizations, joint ventures, non-governmental organizations
- Public sector entities, private sector entities, public-private partnerships, global enterprises
- Publicly traded companies, privately owned businesses, conglomerates, transnational corporations
- Governmental or public organizations, private organizations, mixed organizations, international organizations (correct)
What are the types of organizations according to the purpose of establishment?
What are the types of organizations according to the purpose of establishment?
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What are the types of organizations according to nationality?
What are the types of organizations according to nationality?
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Study Notes
Types of Organizations
By Output
- Organizations can be classified into three types based on their output:
- Business organizations: produce goods
- Service organizations: provide intangible services
- Hybrid organizations: produce both goods and services
By Legal Form
- Sole proprietorship: owned and managed by one individual
- Partnership: owned and managed by two or more individuals
- Company: separate legal entity, owned by shareholders
- Cooperative: owned and controlled by its members
By Ownership
- Private organizations: owned and controlled by private individuals or groups
- Public organizations: owned and controlled by the government
- Voluntary organizations: non-profit, owned and controlled by its members
- Joint ventures: owned and controlled by two or more organizations
By Purpose
- Profit organizations: aim to make a profit
- Non-profit organizations: aim to achieve a social or charitable goal
- Mutual benefit organizations: aim to serve their members' interests
By Nationality
- Domestic organizations: operate within a single country
- International organizations: operate across multiple countries
- Multinational organizations: operate in multiple countries but retain a strong national identity
- Transnational organizations: operate globally, with no national identity
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