F1 (BT) – Chapter 5 – PART A – MCQ’s and OTQs – ACCA

This is ACCA F1 (BT/FBT) Business and Technology multiple-choice questions (MCQs).

These multiple-choice questions (MCQs) are designed to help ACCA F1 students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

  • Students should not attempt these MCQs until they have finished the entire chapter.
  • All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F1 (BT/FBT) exam.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT/FBT
Chapter: 1 to 5
Chapter Number: 05 of the Practice and Exam Kit
Syllabus Area: A – The business organization, its stakeholders, and the external environment
Questions Type: MCQs and OTQs
Exam Section: Section B

Number of the Questions

There are 24 Questions in this test Online F1 MCQ Test covers the Part A of the Syllabus; The business organization, its stakeholders, and the external environment of ACCA F1 (BT/FBT) Business and Technology Module.

Time

These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.

Result

Students will get their F1 CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all answers that seem correct or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)”.
Dropdown: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.


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F1 - Chapter 5 - Part A - MCQs and MTQs

Course: ACCA (The Associations Of Chartered Certified Accountants)
Module: F1 - Business and Technology (BT/FBT)
Syllabus Area: (A) - The Business Organisation, Its Stakeholders, and The External Environment
Exam Section: A
Questions: Syllabus Area (A) Questions
Number Of Questions: 24
Time Limit: No Time Limit
Result: You will able to see at the end of the quiz along with the Correct and Incorrect Answers.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those options that seem correct or incorrect to you as per the requirements of the question. (Wording: select all those that are correct.)
Dropdown: Select from the list provided.
Type: Type your answer in numbers as per the requirement of the question.

1 / 24

What acronym is generally used for performance measurement of an NGO?

2 / 24

What acronym is generally used for performance measurement of an NGO?

3 / 24

Which of the following statements about elasticities are FALSE?

(hint: three are false)

4 / 24

Which of the following statements about elasticities are True?

(hint: only one is true)

5 / 24

For a normal, but inferior good, the demand curve slopes ___________ to the right.

Which word from the list below correctly fills in the blank?

6 / 24

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Sarah?

7 / 24

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Umberto?

8 / 24

Is this statement is True or False?

"Redundancy can occur where an employer ceases to carry on business in a particular location "

9 / 24

Which THREE of the following reasons would result in a shift of the demand curve to the right for a normal good?

10 / 24

For a normal, but inferior good, the demand curve slopes ____________ to the right.

Which word from the list below correctly fills in the blank?

11 / 24

Is this statement about redundancy True or False?

"Redundancy can occur where an employer ceases to carry on business in a particular location"

12 / 24

Which THREE of the following statements reflect the activities of an NGO?

13 / 24

Scenario

A company has recently dismissed employees in the following circumstances:

Sarah was dismissed following disciplinary proceedings, although she was not guilty of negligence, and was not given her contractual period of notice by the company.

Trevor was dismissed from the company immediately after committing an act that was found to be grossly negligent.

Umberto, a relatively new employee who was showing a lot of promise, was dismissed after telling management that he had joined a trade union.

Vanessa, having previously being rated as one of the best performing employees in the company, was dismissed after management discovered she was pregnant.

QUESTION

Which type of Dismissal relates to Trevor?

14 / 24

Is this statement about redundancy True or False?

"In the event of redundancy, an employee with one year's continuous employment is entitled to compensation"

15 / 24

Which THREE of the following reasons would result in a shift of the demand curve to the right for a normal good?

16 / 24

Scenario

Product BB15 has recently reduced its price by 5% which increased the sales volume by 12.5%.
This price change also caused a fall in the sales volume of product CC25 by 2.5%.
There was no change in the price of product CC25.

QUESTION

Which word correctly fills the blank?

Products BB15 and CC25 are ___________

17 / 24

Which two of the followings relates to the Monetary policy?

18 / 24

Which THREE of the following statements reflect the activities of an NGO?

19 / 24

Which two of the followings relates to the Fiscal policy?

20 / 24

Is this statement is True or False?

"In the event of redundancy, an employee with one year's continuous employment is entitled to compensation"

21 / 24

Scenario

Product BB15 has recently reduced its price by 5% which increased the sales volume by 12.5%.
This price change also caused a fall in the sales volume of product CC25 by 2.5%.
There was no change in the price of product CC25.

QUESTION

What is the cross elasticity of demand?

22 / 24

Which are the following statements are FALSE?

23 / 24

Which TWO of the following factors indicate that suppliers have high bargaining power in an industry?

24 / 24

Scenario

Product BB15 has recently reduced its price by 5% which increased the sales volume by 12.5%.
This price change also caused a fall in the sales volume of product CC25 by 2.5%.
There was no change in the price of product CC25.

QUESTION

What is the price elasticity of demand for product BB15?

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