ACCA AK Business & Technology 3

Question 1

Which of the following describes a 'public sector' organisation?

Accepted Answer

An organisation owned and funded by the government

Answer

Public sector organisations are owned and operated by the government, funded through taxation, and aim to provide public services rather than profit.

Question 2

The Data Protection Act / UK GDPR requires organisations to:

Accepted Answer

Process personal data lawfully, fairly and transparently

Answer

UK GDPR requires that personal data is processed lawfully, fairly and in a transparent manner, respecting individuals' rights over their information.

Question 3

Which of the following is a feature of a 'functional' organisational structure?

Accepted Answer

Employees are grouped by specialist activity such as finance or HR

Answer

In a functional structure, employees with similar skills and tasks are grouped together into departments (e.g., finance, marketing, HR).

Question 4

What is meant by 'social responsibility' in a business context?

Accepted Answer

The duty of a business to consider the interests of society and the environment alongside profit

Answer

Corporate social responsibility (CSR) means a business acts ethically and considers its impact on society, the environment and stakeholders beyond just shareholders.

Question 5

Which of the following best describes a 'virtual organisation'?

Accepted Answer

An organisation that primarily uses technology and outsourcing, having minimal physical infrastructure

Answer

A virtual organisation uses technology and networks of external providers to deliver products or services with little physical presence, enabling flexibility and low overhead.

ACCA Applied Knowledge Practice Test

ACCA Applied Knowledge Practice Test

ACCA AK Business & Technology 3