These are ACCA F1 (BT/FBT) Business and Technology MCQs and OTQs for Part-A of the Syllabus “The business organisation, its stakeholders and the external environment”.

These MCQs and OTQs 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 and OTQs until they have finished the entire F1 (BT/FBT) Business and Technology Part-A “The business organisation, its stakeholders and the external environment”.

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: 1 to 5
Chapter Number: 5 of the Practice and Exam Kit
Syllabus Area: A – The business organization, its stakeholders, and the external environment
Questions Type: MCQs and OTQs
Exam Section: Section B

Number of the Questions

These MCQs Test consist of 18 Questions that covers the Part A of the Syllabus; The business organization, its stakeholders, and the external environment of ACCA F1 (BT) Business and Technology Module.

Time

These MCQs and OTQs has a time deadline. Students have to finish the Test within the given time period so Students can get used to finishing the Exam on time.

As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete.

This Test includes some MCQs that worth 2 marks and some worth 1 Mark. We therefore giving an average time to complete the Test.

This Test has 18 questions, so Students have total 36 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, 3 avg

F1 - Chapter 5 - Part A Test - MCQs and MTQs

1 / 18

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Umberto?

Unfair

Wrongful

Neither Unfair, Nor Wrongful

2 / 18

What acronym is generally used for performance measurement of an NGO?

VFM

PBIT

SWOT

ROCE

3 / 18

Which of the following statements about elasticities are True?

(hint: only one is true)

If price elasticity is greater than 1, demand is said to be inelastic

If income elasticity is positive, the commodity is called an inferior good

Unrelated products would have a cross elasticity of infinity

If two goods are complements, the cross elasticity will be negative

4 / 18

Which THREE of the following reasons would result in a shift of the demand curve to the right for a normal good?

An increase in household incomes

An increase in population

A rise in the price of complements

A change in taste towards a competitor good

An expected future rise in the price of the good

A fall in the price of substitutes

5 / 18

Scenario

Product BB15 has recently reduced its price by 5% which increased the sales volume by 12.5%.
This price change also caused a fall in the sales volume of product CC25 by 2.5%.
There was no change in the price of product CC25.

QUESTION

What is the cross elasticity of demand?

6 / 18

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Vanessa?

Neither Unfair, Nor Wrongful

Wrongful

Unfair

7 / 18

For a normal, but inferior good, the demand curve slopes ____________ to the right.

Which word from the list below correctly fills in the blank?

8 / 18

Which of the following statements about elasticities are FALSE?

(hint: three are false)

If price elasticity is greater than 1, demand is said to be inelastic

If two goods are complements, the cross elasticity will be negative

Unrelated products would have a cross elasticity of infinity

If income elasticity is positive, the commodity is called an inferior good

9 / 18

Scenario

QUESTION

What is the price elasticity of demand for product BB15?

10 / 18

Which THREE of the following statements reflect the activities of an NGO?

They often raise funds through donations

They have targets for customer satisfaction

They are aimed at promoting social, political or environmental change

They are measured in terms of effectiveness and efficiency

They are legally constituted organisations with commercial aims

They are almost always charities

11 / 18

Is this statement about redundancy True or False?

"In the event of redundancy, an employee with one year's continuous employment is entitled to compensation"

True

False

12 / 18

Is this statement about redundancy True or False?

"Redundancy can occur where an employer ceases to carry on business in a particular location"

True

False

13 / 18

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Trevor?

Neither Unfair, Nor Wrongful

Unfair

Wrongful

14 / 18

Which two of the followings relates to the Monetary policy?

Borrowing

Interest rates

Money supply

Taxation

15 / 18

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Sarah?

Unfair

Wrongful

Neither Unfair, Nor Wrongful

16 / 18

Which two of the followings relates to the Fiscal policy?

Interest rates

Money supply

Taxation

Borrowing

17 / 18

Scenario

QUESTION

Which word correctly fills the blank?

Products BB15 and CC25 are ___________

18 / 18

Which TWO of the following factors indicate that suppliers have high bargaining power in an industry?

Switching costs for customers are low

There is a lack of substitute products available

There are a large number of suppliers

The product supplied is highly differentiated

Product quality is not important to customers

Your score is

F1 (BT) – Chapter 5 – PART A – MCQ’s and OTQs – ACCA