Answer the following statements true (T) or false (F)
1. The public sector is operated by government departments, agencies and organizations usually not to operate businesses or make profits.
2. The public sector is run by individuals and corporations whose intention is to make profits.
3. Strategic management has traditionally been focused on the economic responsibilities of the firm.
4. Strategic management is the process through which a corporation establishes a comprehensive, overall strategy.
5. With an amoral sustainability strategy, the corporation ignores sustainability but cannot be viewed as deliberately doing so.
6. A cooperative is one type of social enterprise.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
6. TRUE
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The vested benefit obligation is the present value of the benefits the employee is entitled to receive even if the employee is no longer employed by the company
Indicate whether the statement is true or false
Avoidance reinforcement can also be called ______.
a. non-repetitive reinforcement b. coercive reinforcement c. negative reinforcement d. positive reinforcement
The transfer of ‘back office’ organisational functions such as IT, HRM, finance and accounting to an overseas service provider is referred to as which of the following:
a. business process re-engineering b. task specialisation c. functional flexibility d. business process outsourcing
A ________ is a business entity that DOES NOT provide liability protection for the business owners.
a. C Corporation b. S Corporation c. Limited Liability Company (LLC) d. Sole Proprietorship or Partnership