Tag: Non-Profit

Accounting Multiple Choice Question – 27 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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A firm of management consultants is analysing Alex plc’s organisational behaviour characteristics.

In terms of the organisational iceberg, which THREE of the following are classified as covert variables affecting organisational behaviour?

A Formal goals
B Attitudes
C Underlying competencies and skills
D Organisation design
E Communication patterns

Select ONE answer:

  1. A, B and C
  2. A, C and D
  3. B, C and D
  4. B, C and E

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct- Attitudes, underlying competencies and skills, as well as communication patterns, are all classified as covert variables in the model. Formal goals (A) and organisation design (D) are overt variables.

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Accounting Multiple Choice Question – 26 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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In terms of authority, which of the following is the best description of a staff function?

Select ONE answer:

  1. A situation where a person is entitled to command another
  2. A function that is carried out only at head office
  3. A situation where a person can give advice and guidance to another
  4. A function that is carried out locally only

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct –> In which authority arises in giving specialist advice to another manager or department over which you have no line authority and therefore, no authority to make or influence decisions in that other department.
  4. Not correct

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Accounting Multiple Choice Question – 25 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex Ltd is a company that emphasises it adoption of a distinctive marketing orientation.

Which of the following statements is most likely to be made by Lucy, its managing director?

Select ONE answer:

  1. Rather than focusing on product development, we offer discounts on our current lines to increase sales
  2. We increase sales by spending money on development of products our customers want
  3. We put all our effort into persuading customers to buy our products as our sales targets are of paramount importance
  4. We aim to increase sales by spending to develop products we think are innovative

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Notcorrect
  2. Correct  –>  A marketing orientation looks outwards and is concerned with ascertaining and supplying customers’ requirements. Marketing is about supplying what the customer wants
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 24 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex  is a marketing manager with Lucy plc.

Whilst his marketing director, Bob, has primary responsibility for the company’s overall marketing strategies, Alex has day-to-day responsibility for all aspects of the company’s marketing mix.

This means that Alex will be responsible for?

Select ONE answer:

  1. A set of variables that he manages to achieve a desired response from the company’s various target markets
  2. Budgets setting out the volumes to be sold to the company’s various target markets
  3. The sets of different features and benefits that are present in the company’s range of products
  4. The types of advertising used by a firm to reach and influence its various target markets

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct – The marketing mix comprises four variables (1) product, price, promotion and place. The marketing mix is not the same as the sales mix (2) and the communications mix (4). It is also a broader concept than mere product features and benefits (3).
  2. Not correct
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 23 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Olya Kobruseva on Pexels.com

Alex plc’s organisational culture has been analysed by a team of management consultants who have told the directors that the culture is outward-looking but controlling.

Alex plc is therefore….?

Select ONE answer:

  1. An internal process culture
  2. A rational goal culture
  3. An open systems culture
  4. A human relations culture

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Notcorrect
  2. Correct  –>  According to Robert E Quinn, when an organisational culture is outward-looking and high on control, it is termed a ‘rational goal’ culture
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.