Business & Technology Flashcards
6 cards from real ACCA AK practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Business & Technology flashcards as text
Which of the following describes a 'public sector' organisation?
Answer: An organisation owned and funded by the government
Public sector organisations are owned and operated by the government, funded through taxation, and aim to provide public services rather than profit.
The Data Protection Act / UK GDPR requires organisations to:
Answer: Process personal data lawfully, fairly and transparently
UK GDPR requires that personal data is processed lawfully, fairly and in a transparent manner, respecting individuals' rights over their information.
Which of the following is a feature of a 'functional' organisational structure?
Answer: Employees are grouped by specialist activity such as finance or HR
In a functional structure, employees with similar skills and tasks are grouped together into departments (e.g., finance, marketing, HR).
What is meant by 'social responsibility' in a business context?
Answer: The duty of a business to consider the interests of society and the environment alongside profit
Corporate social responsibility (CSR) means a business acts ethically and considers its impact on society, the environment and stakeholders beyond just shareholders.
Which of the following best describes a 'virtual organisation'?
Answer: An organisation that primarily uses technology and outsourcing, having minimal physical infrastructure
A virtual organisation uses technology and networks of external providers to deliver products or services with little physical presence, enabling flexibility and low overhead.
A 'mission statement' in an organisation primarily serves to:
Answer: Communicate the fundamental purpose and values of the organisation
A mission statement expresses the organisation's fundamental purpose — why it exists and what it stands for — guiding strategy and culture.