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CIPS Exam L3M1 Topic 3 Question 31 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 31
Topic #: 3

[All L3M1 Questions]

Which of the following are ways of classifying organisations? (select all that apply)

AActivity

BSize

CPrimary objective

DStructure and ownership

Show Suggested Answer

Suggested Answer: C

Exchange rate - the rate at which the currencies are exchanged. This rate can vary frequently, some-times several times per hour, depending on circumstances.

The interest rate is the rate charged on loans - the cost of borrowing.

The base rate is the basic interest rate used for agreeing loans within an economy. This rate is nor-mally set by the government or the central bank. Loans within that economy will usually be at a higher rate than the base rate, often much higher.

The equilibrium rate (more commonly 'equilibrium price') is the rate at which supply and demand meet, not necessarily related to currency.

by Agustin at Mar 03, 2025, 11:17 PM

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Penney

2 months ago

Easy peasy! A, B, C, and D cover the basics. Although, I'd throw in 'Organizational Mood' as a fifth option - you know, happy, sad, or 'it's complicated'.

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Shalon

3 days ago

Adding 'Organizational Mood' could be interesting, but it might be more subjective.

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Tamie

5 days ago

I agree, those are the main ways to classify organizations.

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Tess

9 days ago

E) Organizational Mood

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Mike

12 days ago

D) Structure and ownership

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Georgiana

15 days ago

D) Structure and ownership

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Lizbeth

16 days ago

C) Primary objective

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Hollis

22 days ago

B) Size

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Bettina

28 days ago

C) Primary objective

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Tamra

1 months ago

B) Size

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Arlette

1 months ago

A) Activity

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Adelle

1 months ago

A) Activity

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Sena

2 months ago

Ha! I bet the answer is all of the above. These classification methods are as old as the organizations themselves.

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Marti

2 months ago

Definitely A, C, and D. But I'm not so sure about B. Isn't that a bit too simplistic for classifying organizations these days?

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Sarah

2 months ago

I think A, B, C, and D are all valid ways to classify organizations. I've seen them used in my studies and work experience.

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Elenora

1 days ago

C) Primary objective is key in understanding the main goal or mission of the organization.

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Candida

15 days ago

B) Size is also important as it can determine the resources and impact of the organization.

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Brynn

22 days ago

I think A) Activity is crucial because it helps define the core function of the organization.

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Chantell

1 months ago

I agree, A) Activity, B) Size, C) Primary objective, and D) Structure and ownership are all important ways to classify organizations.

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Chanel

2 months ago

I'm not sure about C, I think primary objective might not always be a clear way to classify organizations.

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Kristine

3 months ago

I agree with Celestine, all of those factors can be used to classify organizations.

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Celestine

3 months ago

I think A, B, C, and D are all ways of classifying organizations.

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