ACCA AK Business and Technology (BT) Core

Question 1

Which of the following best describes the role of a mission statement in an organisation?

Accepted Answer

It sets out the organisation's purpose and reason for existence

Answer

A mission statement defines the fundamental purpose of an organisation — why it exists and what it seeks to achieve. It is distinct from financial targets, budgets, or governance structures.

Question 2

In Mintzberg's organisational configurations, which structure is characterised by a dominant strategic apex with centralised decision-making?

Accepted Answer

Simple structure

Answer

Mintzberg's simple structure features a dominant strategic apex (typically the owner/founder) who makes all key decisions centrally, with minimal middle management and little formalisation.

Question 3

Under the UK Bribery Act 2010, which of the following would constitute an offence?

Accepted Answer

Making a payment to a foreign official to secure a government contract

Answer

The UK Bribery Act 2010 makes it an offence to bribe a foreign public official to obtain or retain business. Proportionate hospitality and modest promotional gifts are generally not offences.

Question 4

Which of the following is a characteristic of an entrepreneurial structure?

Accepted Answer

Decision-making concentrated at the top with the owner-manager

Answer

An entrepreneurial structure is typified by centralised decision-making by the owner-manager, with few formal rules, minimal hierarchy, and direct supervision as the primary coordinating mechanism.

Question 5

Which stakeholder mapping model plots stakeholders according to their level of interest and power?

Accepted Answer

Mendelow's matrix

Answer

Mendelow's matrix (also called the power/interest matrix) classifies stakeholders into four quadrants based on their level of power and level of interest, helping organisations determine appropriate engagement strategies.

ACCA Applied Knowledge Practice Test

ACCA Applied Knowledge Practice Test

ACCA AK Business and Technology (BT) Core