F1 (BT) – Chapter 1 MCQ’s (Business organisations and their stakeholders) – ACCA

Business-Students.net
September 24, 2022
ACCA, Business and Technology, F1, FIA, MCQs

This is ACCA F1 (BT/FBT) Business and Technology MCQs.

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have finished the chapter.

All the questions are compulsory, so do not skip any.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT
Chapter: Business organizations and their stakeholders
Chapter Number: 1 of the Practice and Exam Kit
Syllabus Area: A – The business organization, its stakeholders, and the external environment
Questions Type: MCQs
Exam Section: Section A

Number of the Questions

These MCQs Test consist of 8 Questions that covers the Chapter 1, Business organizations and their stakeholders of ACCA F1 (BT) Business and Technology Module.

Time

These MCQs have a timer. Students have to finish the Test within the given time period so Students can get used to finishing the Exam within the Time Deadline.
As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete.
The Test has 8 questions, so Students have total 15 minutes to complete the Test.

Result

Students can see their result at the end of the test. Further, the correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seems to you correct/ or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

1 votes, 4 avg

266

F1 - Chapter 1 - Business organisations and their stakeholders

1 / 8

Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station?

(i) The government
(ii) Environmental pressure groups
(iii) Employees
(iv) Local residents

(i), (iii) and (iv)

(iii) only

(i) and (iii) only

(i), (ii), (iii) and (iv)

2 / 8

ADB is a business which is owned by its workers. The workers share the profits and they each have a vote on how the business is run.

Which of the following should be used to describe ADB?

Public sector

Co-operative

Not-for-profit

Private sector

3 / 8

What is the term given to the idea that the combined output of a number of individuals working together will exceed that of the same individuals working separately?

Specialisation

Systems thinking

Synergy

Sympathy

4 / 8

Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability?

A small retailer

A private accountancy college

A local authority

5 / 8

An organisation is owned and run by central government agencies. The organisation should be described as which of the following statements?

A voluntary sector organisation

A private sector organisation

A public sector organisation

6 / 8

'An organisation is a social arrangement which pursues collective .........................., which controls its own performance and which has a boundary separating it from its environment.'

Which of the following words completes this sentence appropriately?

7 / 8

The term secondary stakeholders describes which group of stakeholders?

Stakeholders who have a contractual relationship with the organisation

Stakeholders who conduct transactions with the organisation

Stakeholders who do not have a contractual relationship with the organisation

8 / 8

Which of the following statements is true?

The benefit of being a sole trader is that you have no personal liability for the debts of your business.

Ordinary partnerships offer the same benefits as limited companies but are usually formed by professionals such as doctors and solicitors.

For organisations that have limited company status, ownership and control are legally separate.

Limited company status means that a company is only allowed to trade up to a predetermined turnover level in any one year.

Your score is

F1 (BT) – Chapter 1 MCQ’s (Business organisations and their stakeholders) – ACCA