Types of LSO's.

Question 1

What is a PRIVATE sector?

Answer 1

Organisations which are private and not owned not belong to the government.
- KFC.

Question 2

What is an INTERNAL environment?

Answer 2

The things of which an organisation has SOME degree of control over.

Question 3

What is an OPERATING environment?

Answer 3

The outside with which the organisation directly interacts in the course of conducting it’s business.

Question 4

What is a MACRO environment?

Answer 4

Is made up of broad factors in the economy and society within which the organisation operates.

Question 5

What are 3 positive contributions of the LSO to the economy?

Answer 5

• Contribution to employment.
• Contribution to exports.
• Contribution to research and development.

Question 6

What is a negative contribution of an LSO to the economy?

Answer 6

Downsizing.

Question 7

What are 3 unique characteristics of an LSO?

Answer 7

• 200+ employees.
• At least 200 million in assets.
• Multiple locations.

Question 8

What is a PUBLIC sector?

Answer 8

Organisations run by either the local, state and/or federal government.
- Vic Roads.