Level 1 – Page 20

BMIS – L1 – SA – Q2.2 – Business and Organisational Structure

Determines if a strategic business unit is a type of entrepreneurial organisation.

Question

A strategic business unit is a type of entrepreneurial organisation. TRUE or FALSE?

A True

B False

Answer

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Tags: Entrepreneurial Organisation, Organisational Structure, Strategic Business Unit
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – SA – Q2.1 – Business and Organisational Structure

Identifies the type of research not directed towards a specific use or purpose.

Question

[…………] is not directed towards a specific use or purpose

Which of the following words correctly complete this sentence?

A Pure research

B Applied research

C Development

Answer

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Tags: Applied Research, Organisational Structure, Pure Research, Research Types
Level: Level 1

Topic: Business and organisational structure

BMIS – L1 – SA – Q1.5 – The business organisation and its stakeholders

Checks if a limited company is a legal person.

Question

A limited company is recognised in law as a person that can own assets and owe money in its own name. True or false?

A True

B False

Answer

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Tags: Assets, ICAG, Legal entity, Limited Company, true/false
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – SA – Q1.4 – The business organisation and its stakeholders

Defines who stakeholders of an organisation are.

Question

Stakeholders of an organisation are:

A the shareholders of the company

B both equity capital and debt capital investors

C all parties having a direct or indirect interest in the organisation

D parties internal to the organisation

Answer

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Tags: ICAG, interest, multiple choice, organisation, Stakeholders
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – SA – Q1.3 – The business organisation and its stakeholders

Assesses if co-operatives are owned by shareholders.

Question

Co-operatives are owned by their shareholders.

A True

B False

Answer

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Tags: co-operatives, ICAG, ownership, Stakeholders, true/false
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – SA – Q1.2 – The business organisation and its stakeholders

Determines factors in Mendelow’s stakeholder analysis matrix.

Question

According to Mendelow’s stakeholder analysis matrix, the way in which management should deal with a group of stakeholders about a particular matter should depend on the group’s:

A power and interest in the matter

B rights in the matter and power

C position and interest in the matter

D rights in the matter and degree of commitment

Answer

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Tags: ICAG, interest, Mendelow’s matrix, multiple choice, Power, Stakeholder Analysis
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – SA – Q1.1 – The business organisation and its stakeholders

Identifies external stakeholders of an organisation.

Question

The external stakeholders of an organisation include:

A employees, board of directors, suppliers

B government, suppliers, pressure groups

C government, board of directors, suppliers

D pressure groups, management, government

Answer

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Tags: business organisation, external stakeholders, ICAG, multiple choice, Stakeholders
Level: Level 1

Topic: The business organisation and its stakeholders

BMIS – L1 – QH3 – Technological Developments

Explain VPN and its application in accounting with benefits.

Question

Technological developments have had a profound effect on the way organisations organise their work and carry out their operations.

Required:

(a) Briefly explain the following technological development:

(i) Virtual Private Network (VPN)

(b) Suggest an application of this development to the accounting or financial sector, and explain the benefits it would offer.

(a) Briefly explain the following technological development:

(i) Chatbots

(ii) Artificial Intelligence (AI)

Answer

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Tags: Banking, Chatbots, Customer Support, Efficiency
Level: Level 1

Topic: The internet

BMIS – L1 – QH2 – Cloud Computing

Cloud Computing, Accounting Software, Accessibility, Security, Cost Reduction

Question

The finance department at your organisation, Apex Solutions, is considering moving from traditional accounting software to cloud-based accountancy software.

Required:

Briefly explain FOUR advantages from which the finance department could benefit by moving to cloud-based accountancy software

Answer

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Tags: Accessibility, Accounting Software, Cloud Computing, Cost Reduction, Security
Level: Level 1

Topic: The internet

BMIS – L1 – QH1 – Blockchain

List and explain the main advantages of blockchain technology.

Question

(a). List and briefly explain the main advantages of blockchain technology.

(b). Explain what is meant by a 51% attack.

(c). Briefly describe TWO other limitations of blockchain technology.

Answer

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Tags: Blockchain, Energy Costs, Illegal Trading, Limitations
Level: Level 1

Topic: The internet

Level (SQ): Level 1

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BMIS – L1 – SA – Q2.2 – Business and Organisational Structure

Determines if a strategic business unit is a type of entrepreneurial organisation.

BMIS – L1 – SA – Q2.1 – Business and Organisational Structure

Identifies the type of research not directed towards a specific use or purpose.

BMIS – L1 – SA – Q1.5 – The business organisation and its stakeholders

Checks if a limited company is a legal person.

BMIS – L1 – SA – Q1.4 – The business organisation and its stakeholders

Defines who stakeholders of an organisation are.

BMIS – L1 – SA – Q1.3 – The business organisation and its stakeholders

Assesses if co-operatives are owned by shareholders.

BMIS – L1 – SA – Q1.2 – The business organisation and its stakeholders

Determines factors in Mendelow’s stakeholder analysis matrix.

BMIS – L1 – SA – Q1.1 – The business organisation and its stakeholders

Identifies external stakeholders of an organisation.

BMIS – L1 – QH3 – Technological Developments

Explain VPN and its application in accounting with benefits.

BMIS – L1 – QH2 – Cloud Computing

Cloud Computing, Accounting Software, Accessibility, Security, Cost Reduction

BMIS – L1 – QH1 – Blockchain

List and explain the main advantages of blockchain technology.

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Determines if a strategic business unit is a type of entrepreneurial organisation.

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Identifies the type of research not directed towards a specific use or purpose.

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Checks if a limited company is a legal person.

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Defines who stakeholders of an organisation are.

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Assesses if co-operatives are owned by shareholders.

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Determines factors in Mendelow’s stakeholder analysis matrix.

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Identifies external stakeholders of an organisation.

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Explain VPN and its application in accounting with benefits.

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Cloud Computing, Accounting Software, Accessibility, Security, Cost Reduction

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List and explain the main advantages of blockchain technology.

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