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 - 2019
Question Question
Indicate whether the organisations listed below are a financial enterprise or a social enterprise by placing a tick (✓) in the correct box:
| | Fina... 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 - 2019
Step 1
Intel Ireland
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Answer
Intel Ireland is a financial enterprise. It is a multinational corporation that is primarily known for its role in the semiconductor industry and thus focuses on profit generation. Therefore, a tick should be placed in the Financial column.
Step 2
Focus Ireland
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Answer
Focus Ireland is a social enterprise. It is a non-profit organization dedicated to addressing homelessness and providing support to those affected by it. Hence, a tick should be placed in the Social column.
Step 3
Bank of Ireland
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Answer
Bank of Ireland is a financial enterprise. As a banking institution, its main operations revolve around financial services and profit generation. Therefore, a tick should be placed in the Financial column.
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