Types and Purposes of Organisations
What sector is the NHS in?
What kind of liability does a LLP have?
Limited
What does KPI stand for?
Key Performance Indicators
Which internal stakeholders are the primary individuals who perform the daily operations of a business in exchange for remuneration?
Employees
Which technology uses algorithms and massive datasets to mimic human cognitive functions, such as problem-solving, pattern recognition, and content generation?
Artificial Intelligence (AI)
What does PESTLE stand for?
Political, Economic, Social, Technological, Legal, Environmental
What kind of liability does a Sole Trader have?
Unlimited
What does SMART stand for?
Specific, Measurable, Achievable, Relevant, Timely
Which individuals or entities are external stakeholders currently performing due diligence with the intent to acquire the business or purchase a majority stake?
Prospective Owners/Investors
Which communication channel offers high richness by capturing tone of voice and allowing real-time interaction, though it lacks the visual "non-verbal" cues of a physical meeting?
Telephone call
What is a mission statement?
Sets out the scope and purpose of an organisation
What kind of organisation is Burger King?
a Franchise
What are the objectives of external auditors?
To report on the truth and fairness of the financial statements by examining underlying records and evaluating evidence gathered
Which external stakeholders provide the capital for a business to grow and expect a financial return, such as dividends or stock price appreciation?
Shareholders/Investors
Which communication chanel provides immediate feedback, body language cues, and vocal tone for complex problem-solving?
Face to face communication
Name the 5 organisational structures we've looked at
Flat, Hierarchical, Functional, Divisional, Matrix
What type of organisation would I mean by a CIC?
a Community Interest Company
Who do internal auditors report to?
The audit committee
Which external group is impacted by a business's environmental footprint and job creation?
Local Community
Which security technology uses unique physical characteristics, such as fingerprints, facial recognition, or iris scans, to grant access to devices or buildings?
Biometrics
What are the 7 Ps of Marketing?
Product, Price, Place, Promotion, People, Process, and Physical Evidence
Who must charities submit their returns to?
The Charity Commission and Companies House
Who are the Big 4? (in auditing)
Deloitte, EY (Ernst & Young), KPMG, PwC (PricewaterhouseCoopers)
Which group of internal stakeholders is elected by shareholders to govern the company and oversee the actions of management?
Board of Directors
Which digital channel is used to maintain high richness when teams can't be in the same room, capturing both audio and facial expressions?
Video conference