- 10 Marks
Question
Two organizations operate in your locality, one operates as profit-oriented and the other as non-profit-oriented. They all have varying purposes.
Required:
You are required to categorize the following purposes under the two types of organizations:
- To expand product range to include children’s clothing.
- To expand social protection interventions to include girls between the ages of 15-18 years.
- To ensure that visitors to public parks pay an entry fee of GH¢1.00 for its maintenance.
- To create high quality, high demand products to maximize shareholder value.
- To provide excellent client services to enhance public goodwill, which will in turn, attract more government funding.
- To increase after-tax profits to attract more investors to invest in the organization.
- Provide customers with the opportunity to benefit from the company’s profits by offering periodic prizes for the purchases they make.
- Increase annual dividends by 3% of the current amount paid.
- Install vending machines at strategic points to sell non-alcoholic beverages to visitors.
- Market facility on the internet to attract global patronage.
Answer
Categorization of Organizational Purposes
Non-profit Organization | Profit-oriented Organization |
---|---|
1. To expand social protection interventions to include girls between the ages of 15-18 years. | 1. To expand product range to include children’s clothing. |
2. To ensure that visitors to public parks pay an entry fee of GH¢1.00 for its maintenance. | 2. To create high quality, high demand products to maximize shareholder value. |
3. To provide excellent client services to enhance public goodwill, which will in turn, attract more government funding. | 3. To increase after-tax profits to attract more investors to invest in the organization. |
4. Install vending machines at strategic points to sell non-alcoholic beverages to visitors. | 4. Provide customers with the opportunity to benefit from the company’s profits by offering periodic prizes for the purchases they make. |
5. Market facility on the internet to attract global patronage. | 5. Increase annual dividends by 3% of the current amount paid. |
(1 mark each for any correct categorization: 10 × 1 mark = 10 marks)
- Tags: Non-profit-oriented, Organizational Purposes, Profit-oriented, Stakeholders
- Level: Level 1
- Topic: The Business Organisation and its Stakeholders
- Series: NOV 2021
- Uploader: Uploader1