Indicate whether the organisations listed below are a financial enterprise or a social enterprise by placing a tick (✓) in the correct box:
| | Financial | Social |
|--------------------------|-----------|--------|
| Intel Ireland | | |
| Focus Ireland | | |
| Bank of Ireland | | | - Junior Cycle Business Studies - Question Question 1 - 2019
Question Question 1
Indicate whether the organisations listed below are a financial enterprise or a social enterprise by placing a tick (✓) in the correct box:
| ... show full transcript
Worked Solution & Example Answer:Indicate whether the organisations listed below are a financial enterprise or a social enterprise by placing a tick (✓) in the correct box:
| | Financial | Social |
|--------------------------|-----------|--------|
| Intel Ireland | | |
| Focus Ireland | | |
| Bank of Ireland | | | - Junior Cycle Business Studies - Question Question 1 - 2019
Step 1
Intel Ireland
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Answer
Intel Ireland is primarily a technology company that operates as a financial enterprise. Therefore, you would place a tick in the Financial box.
Step 2
Focus Ireland
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Answer
Focus Ireland is a social enterprise aimed at addressing homelessness. Thus, you would place a tick in the Social box.
Step 3
Bank of Ireland
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Answer
Bank of Ireland functions as a financial institution. Consequently, you would place a tick in the Financial box.
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