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.

Keywords

0 votes, 0 avg

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

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 ___________

2 / 24

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

A change in taste towards a competitor good

A fall in the price of substitutes

An increase in household incomes

An increase in population

An expected future rise in the price of the good

A rise in the price of complements

3 / 24

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

VFM

PBIT

ROCE

SWOT

4 / 24

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

They often raise funds through donations

They have targets for customer satisfaction

They are legally constituted organisations with commercial aims

They are almost always charities

They are measured in terms of effectiveness and efficiency

They are aimed at promoting social, political or environmental change

5 / 24

Is this statement about redundancy True or False?

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

True

False

6 / 24

Scenario

QUESTION

What is the price elasticity of demand for product BB15?

7 / 24

Which are the following statements are FALSE?

If income elasticity is positive, the commodity is called an inferior good

Unrelated products would have a cross elasticity of infinity

If price elasticity is greater than 1, demand is said to be inelastic

If two goods are complements, the cross elasticity will be negative

8 / 24

Scenario

QUESTION

What is the cross elasticity of demand?

9 / 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?

10 / 24

Which of the following statements about elasticities are FALSE?

(hint: three are false)

If two goods are complements, the cross elasticity will be negative

If price elasticity is greater than 1, demand is said to be inelastic

If income elasticity is positive, the commodity is called an inferior good

Unrelated products would have a cross elasticity of infinity

11 / 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"

True

False

12 / 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?

Neither Unfair, Nor Wrongful

Wrongful

Unfair

13 / 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?

14 / 24

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

They have targets for customer satisfaction

They are almost always charities

They are legally constituted organisations with commercial aims

They often raise funds through donations

They are aimed at promoting social, political or environmental change

They are measured in terms of effectiveness and efficiency

15 / 24

Is this statement is True or False?

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

False

True

16 / 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"

True

False

17 / 24

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

ROCE

VFM

SWOT

PBIT

18 / 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?

Wrongful

Neither Unfair, Nor Wrongful

Unfair

19 / 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?

Unfair

Neither Unfair, Nor Wrongful

Wrongful

20 / 24

Which of the following statements about elasticities are True?

(hint: only one is true)

Unrelated products would have a cross elasticity of infinity

If income elasticity is positive, the commodity is called an inferior good

If two goods are complements, the cross elasticity will be negative

If price elasticity is greater than 1, demand is said to be inelastic

21 / 24

Which two of the followings relates to the Monetary policy?

Taxation

Money supply

Interest rates

Borrowing

22 / 24

Which two of the followings relates to the Fiscal policy?

Money supply

Borrowing

Interest rates

Taxation

23 / 24

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

The product supplied is highly differentiated

There are a large number of suppliers

Product quality is not important to customers

Switching costs for customers are low

There is a lack of substitute products available

24 / 24

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

A rise in the price of complements

An expected future rise in the price of the good

An increase in household incomes

A fall in the price of substitutes

An increase in population

A change in taste towards a competitor good

Your score is

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

INFORMATION ABOUT THESE MCQs Test

Number of the Questions

Time

Result

Types of Questions

Types of Questions

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

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

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

Is this statement about redundancy True or False?

Which are the following statements are FALSE?

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

Which of the following statements about elasticities are FALSE?

Is this statement is True or False?

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

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

Is this statement is True or False?

Is this statement about redundancy True or False?

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

Which of the following statements about elasticities are True?

Which two of the followings relates to the Monetary policy?

Which two of the followings relates to the Fiscal policy?

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

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

More F1 (BT/FBT) MCQs

F1 (BT) – Chapter 17 MCQ’s (Diversity and equal opportunities) – ACCA

F1 (BT) – Chapter 12 MCQ’s (Identifying and preventing fraud) – ACCA

F1 (BT) – Chapter 14 – PART C – MCQ’s and OTQs – ACCA

F1 (BT) – Chapter 11 MCQ’s (Control, security and audit) – ACCA

F1 (BT) – Chapter 24 – PART E – MCQ’s and OTQs – ACCA

F1 (BT) – Chapter 9 – PART B – MCQ’s and OTQs – ACCA

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INFORMATION ABOUT THESE MCQs Test

Number of the Questions

Time

Result

Types of Questions

Types of Questions

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

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

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

Is this statement about redundancy True or False?

Which are the following statements are FALSE?

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

Which of the following statements about elasticities are FALSE?

Is this statement is True or False?

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

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

Is this statement is True or False?

Is this statement about redundancy True or False?

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

Which of the following statements about elasticities are True?

Which two of the followings relates to the Monetary policy?

Which two of the followings relates to the Fiscal policy?

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

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

More F1 (BT/FBT) MCQs

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