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BMF – Nov 2014 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifies the inappropriate social objective for a business.

Which of the following should NOT be the social objective of a business organisation?

A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

Which of the following options is NOT a functional strategy?
A. Marketing strategy
B. Production strategy
C. Personnel strategy
D. Financial strategy
E. Diversification strategy

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BF – Nov 2015 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Deciding what factors are not to be considered when choosing a business form.

Which of the following is NOT a factor to be considered when deciding the form of a business enterprise?
A. The degree of personal liability
B. The willingness to share decision making powers and risks
C. The cost of establishing the business
D. The location of the business
E. The legal requirements concerning the provision of public information

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BF – Nov 2015 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifying what should not be an objective of a business organization.

Which of the following should NOT be the objective of a business organisation?
A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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BF – Nov 2015 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Understanding the meaning of the term "agenda" from a list of options.

The Latin word “agenda” means:
A. Matters arising
B. Notice
C. Correspondence
D. Report
E. Things to be done

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BMF – Nov 2023 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

Identifying which management theorist studied Japanese and US companies.

Which of the following management theorists made a study of Japanese companies and compared them with companies in the US?
A. William Ouchi
B. Henry Mintzberg
C. Douglas McGregor
D. Elton Mayo
E. Peter Drucker

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BMIS – May 2020 – L1 – Q1a – The business organisation and its stakeholders

Classify various entities into appropriate categories of organizations and justify the classification.

Organisations can be categorised into the following types:

  • Business organisations
  • Public sector organisations
  • Non-government not-for-profit organisations.

Required:
To which category or categories of organisation do the following entities belong, and why?
i) A charity receiving 60% of its annual funding from central government.
ii) A basic school.
iii) State-owned Electricity Company.
(6 marks)

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BMF – Nov 2014 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifies the inappropriate social objective for a business.

Which of the following should NOT be the social objective of a business organisation?

A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

Which of the following options is NOT a functional strategy?
A. Marketing strategy
B. Production strategy
C. Personnel strategy
D. Financial strategy
E. Diversification strategy

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You're reporting an error for "BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions"

BF – Nov 2015 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Deciding what factors are not to be considered when choosing a business form.

Which of the following is NOT a factor to be considered when deciding the form of a business enterprise?
A. The degree of personal liability
B. The willingness to share decision making powers and risks
C. The cost of establishing the business
D. The location of the business
E. The legal requirements concerning the provision of public information

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You're reporting an error for "BF – Nov 2015 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

BF – Nov 2015 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifying what should not be an objective of a business organization.

Which of the following should NOT be the objective of a business organisation?
A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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BF – Nov 2015 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Understanding the meaning of the term "agenda" from a list of options.

The Latin word “agenda” means:
A. Matters arising
B. Notice
C. Correspondence
D. Report
E. Things to be done

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BMF – Nov 2023 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society

Identifying which management theorist studied Japanese and US companies.

Which of the following management theorists made a study of Japanese companies and compared them with companies in the US?
A. William Ouchi
B. Henry Mintzberg
C. Douglas McGregor
D. Elton Mayo
E. Peter Drucker

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BMIS – May 2020 – L1 – Q1a – The business organisation and its stakeholders

Classify various entities into appropriate categories of organizations and justify the classification.

Organisations can be categorised into the following types:

  • Business organisations
  • Public sector organisations
  • Non-government not-for-profit organisations.

Required:
To which category or categories of organisation do the following entities belong, and why?
i) A charity receiving 60% of its annual funding from central government.
ii) A basic school.
iii) State-owned Electricity Company.
(6 marks)

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