ZAI Quiz : ACCA Foundations – FBT, Quiz 1

This is a ZAI Quiz based on ACCA FBT – Foundations in Business and Technology:

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ZAI Quiz: ACCA FBT – Foundations in Business and Technology

1. What is the primary purpose of a mission statement?
A. To detail employee responsibilities
B. To define the business’s day-to-day operations
C. To outline the organization’s purpose and core values
D. To describe future market predictions

2. Which of the following is NOT a function of management?
A. Planning
B. Controlling
C. Forecasting the weather
D. Leading

3. What does ‘stakeholder’ mean in a business context?
A. Anyone who buys shares in the company
B. Any person or group with an interest in the business
C. Only the company’s directors and shareholders
D. A person who holds property on behalf of the business

4. Which of the following best describes corporate governance?
A. Rules for conducting AGMs
B. Laws concerning tax
C. Systems and processes for directing and controlling companies
D. Financial audits of small businesses

5. What is a key feature of a public limited company (PLC)?
A. It is owned by the government
B. Its shares are traded on the stock exchange
C. It is not required to publish its financial statements
D. It has unlimited liability

6. Which type of organisational structure is based on products or services?
A. Functional
B. Matrix
C. Divisional
D. Geographic

7. What does the term ‘ethics’ in business refer to?
A. Avoiding legal issues
B. Making profits
C. Moral principles that govern decision-making
D. Reducing overhead costs

8. Which one of the following is a macro-environmental factor in the PESTEL framework?
A. Suppliers
B. Customers
C. Technological change
D. Employees

9. Who are considered internal stakeholders of a business?
A. Government and regulators
B. Customers and suppliers
C. Employees and shareholders
D. Competitors and media

10. What is one key benefit of a corporate social responsibility (CSR) program?
A. Lower tax rates
B. Improved public image and customer trust
C. Higher bonuses for directors
D. Reduced product quality

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Answers:

1. C – To outline the organization’s purpose and core values
2. C – Forecasting the weather
3. B – Any person or group with an interest in the business
4. C – Systems and processes for directing and controlling companies
5. B – Its shares are traded on the stock exchange
6. C – Divisional
7. C – Moral principles that govern decision-making
8. C – Technological change
9. C – Employees and shareholders
10. B – Improved public image and customer trust