F1- Business Accounting

1. What is primary goal of non-profit orientation organization?

• Maximize profit

• Maximize output of goods or service

•   Provision of goods/services

•   Minimise cost of primary goals

2. Stakeholder who connected by way of a contract of some sort are?

• Internal stakeholder

• Connected stakeholder

• External stakeholder

3. According to Mendelow, which of the following is an appropriate approach to take towards stakeholders who have low level of interest and high power are?

• Minimal effort

• Keep informed

• Key players

• Keep satisfied

4. Which TWO of the following are not responsible for an employee’s health and safety in the workplace?

(1) The employer

(2) The internal auditor

(3) The employee

(4) The health and safety advisor

• (1) and (2)

• (1) and (3)

• (2) only

• (2) and (4)

5. Which of the following is not a typical ‘fair’ reason for dismissal?

• Lack of qualifications

• Gross misconduct

• High salary

• Redundancy

6. Which one of the following would NOT lead to a shift in the demand curve for overseas holidays?

• An advertising campaign by holiday-tour operators

• A fall in the disposable income of consumers

• A rise in the price of domestic holidays

• A rise in the exchange rate for the domestic currency

7. 7. Which of the following is an example of a fiscal policy?

• Running a budget deficit

• Raising interest rates

• Buy lack of government bonds

• Increases to bank reserve requirements

10. 'The accepted behaviours and norms that help bind a social group together.’ What is this the definition of?

• Attitudes

• Tastes

• Values

• Social structure

11. Downsizing is the process of:

• Reducing the number of employees

• Reducing the number of levels of management

• Contracting out aspects of the organisation's structure

• Reducing the price charged for products

13. Company F makes motor vehicles. The cars are similar to those created by F's rivals, but F has managed to achieve significant economies of scale by bulk-buying its material from one main supplier. This has enabled F to see its cars more cheaply than their competitors. Which of the following strategies has F adopted?

• Cost leadership

• Differentiation

• Focus

• Stuck in the middle