ACCA Unit Test

Which of the following best defines an organisation?

• A group of people with the same hobbies

• Social arrangements for the controlled performance of collective goals

• A government office

• A personal venture without goals

A sole trader runs a bakery but wants to limit their liability and raise capital from the public. Which type of business structure should they consider?

Organisations formed to achieve social objectives rather than profits are called __________.

Match each sector with an example:

• Selling groceries

• Growing vegetables

• Extracting minerals

• Bank loans

Co-operatives give voting rights to members based on the number of shares they own.

List two differences between public and private sector organisations.

Which structure is most suitable for a small start-up with quick decision-making needs?

• Matrix

• Entrepreneurial

• Divisional

• Functional

A company has different divisions for its 'electronics' and 'furniture' products, each with its own HR and marketing teams. Which structure is this?

A structure that combines project-based and functional reporting is called a __________.

Match each business department with its primary function:

• Budgeting and financial reporting

• Developing new products

• Customer promotion and pricing

• Producing goods or services