acca f1 questions accounting in business

htt p:/ /fr e ea cc as tud ym ate ria l.b log sp ot c om / http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ FIA FAB ACCOUNTANT IN BUSINESS ACCA dy ma ter ia PAPER F1 l.b log sp ot co m/ http://freeaccastudymaterial.blogspot.com/ ca stu ACCOUNTANT IN BUSINESS ac REVIS PRACTICE & REVISION KIT htt p:/ /fr ee FOR EXAMS FROM F FEBRUARY 2014 http://freeaccastudymaterial.blogspot.com/ t.c om / http://freeaccastudymaterial.blogspot.com/ gs po P R A C T I C E PAPER F1 ym a ter ACCOUNTANT IN BUSINESS ial bl o FAB Welcome to BPP Learning Media's Practice and Revision Kit for FAB In this, the only FAB/F1 Practice and Revision Kitt to be reviewed by the examiner: We include Do you know? Checklists to test your knowledge and understanding of topics x We provide you with two mock exams including the Specimen exam x We provide the ACCA examiner’s answers as well as our own to the Specimen exam as an additional revision aid as tud x ee a cc BPP's i-Pass product also supports this paper and is a vital tool if you are taking the computer based exam p:/ /fr Note FIA FAB and ACCA Paper F1 are examined under the same syllabus and study guide htt FOR EXAMS FROM FEBRUARY 2014 TO AUGUST 2015 http://freeaccastudymaterial.blogspot.com/ & R E V I S I O N K I T http://freeaccastudymaterial.blogspot.com/ First edition May 2011 Third edition November 2013 t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Dear Customer ISBN 9781 4453 7033 (Previous ISBN 9781 4453 9976 8) e-ISBN 9781 4453 7068 gs po A note about copyright What does the little © mean and why does it matter? ial bl o British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Your market-leading BPP books, course materials and e-learning materials not write and update themselves People write them: on their own behalf or as employees of an organisation that invests in this activity Copyright law protects their livelihoods It does so by creating rights over the use of the content Published by Breach of copyright is a form of theft – as well being a criminal offence in some jurisdictions, it is potentially a serious breach of professional ethics BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA Printed in the United Kingdom by Polestar Wheatons x Photocopying our materials is a breach of copyright x Scanning, ripcasting or conversion of our digital materials into different file formats, uploading them to facebook or emailing them to your friends is a breach of copyright ter www.bpp.com/learningmedia With current technology, things might seem a bit hazy but, basically, without the express permission of BPP Learning Media: ym a Hennock Road Marsh Barton Exeter EX2 8RP Your learning materials, published by BPP Learning Media Ltd, are printed on paper obtained from traceable sustainable sources as tud All our rights reserved No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media And what about outside the UK? BPP Learning Media strives to make our materials available at prices students can afford by local printing arrangements, pricing policies and partnerships which are clearly listed on our website A tiny minority ignore this and indulge in criminal activity by illegally photocopying our material or supporting organisations that If they act illegally and unethically in one area, can you really trust them? ee a cc We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, except where otherwise stated You can, of course, sell your books, in the form in which you have bought them – once you have finished with them (Is this fair to your fellow students? We update for a reason.) Please note the e-products are sold on a single user licence basis: we not supply ‘unlock’ codes to people who have bought them second hand htt p:/ /fr © BPP Learning Media Ltd 2013 ii http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / CONTENTS Contents Page gs po Finding questions Question index v Helping you with your revision viii ial bl o Using your BPP Practice and Revision Kit ix Passing the FAB/F1 exam exam x Approach to examining the syllabus x xi The Computer Based Examination Tackling Multiple Choice Questions Questions xii PP products Using your BPP products xiii Questions and answers Questions Answers 113 Exam practice ter Mock exam (Specimen exam) x Questions 163 x Answers 179 x ACCA examiner’s answers 185 ym a Mock exam x Questions 193 x Answers 207 htt p:/ /fr ee a cc as tud Review form iii http://freeaccastudymaterial.blogspot.com/ re iv cc as ea ym a ter ial bl og sp m/ ot co http://freeaccastudymaterial.blogspot.com/ ://f tud http://freeaccastudymaterial.blogspot.com/ FAB/F1 ACCOUNTANT IN BUSINESS htt p Marks Mins Time allocation Page QUESTION INDEX http://freeaccastudymaterial.blogspot.com/ Question index Part A: The business organisation, its stakeholders and the external environment Business organisations and their stakeholders Questions 1.1 to 1.8 The business environment Questions 2.1 to 2.17 The macro-economic environment Questions 3.1 to 3.14 Micro-economic factors Questions 4.1 to 4.25 Section A MTQs Questions 5.1 to 5.5 Part B: Business organisation, functions and governance Business organisation, structure and strategy Questions 6.1 to 6.10 Organisational culture and committees Questions 7.1 to 7.20 Corporate governance and social responsibility Questions 8.1 to 8.12 Section B MTQs Questions 9.1 to 9.5 Part C: Accounting and reporting systems, controls and compliance The role of accounting Questions 10.1 to 10.26 Control, security and audit Questions 11.1 to 11.14 Identifying and preventing fraud Questions 12.1 to 12.16 Section C MTQs Questions 20 27 23 43 20 19 33 16 20 42 23 29 13 24 32 28 52 24 25 40 19 24 50 28 35 16 40 37 35 31 26 24 20 19 14 11 http://freeaccastudymaterial.blogspot.com/ Questions 13.1 to 13.5 v m/ Answers 113 114 115 117 118 119 120 122 123 124 126 128 129 v ot co ial bl og sp ter ym a tud cc as ea re ://f htt p http://freeaccastudymaterial.blogspot.com/ Time allocation 20 31 20 22 28 28 28 16 30 40 24 37 24 26 34 34 34 19 36 79 76 71 69 63 60 57 55 52 50 48 Page Questions 33 24 81 Mins 20 46 85 Marks Leading and managing people 38 48 89 45 40 48 93 40 40 48 97 33 40 48 Questions 14.1 to 14.20 Questions 15.1 to 15.18 Diversity and equal opportunities Questions 16.1 to 16.10 Individuals, groups and teams Questions 17.1 to 17.17 Motivating individuals and groups Questions 18.1 to 18.17 Training and development Questions 19.1 to 19.17 Performance appraisal Questions 20.1 to 20.13 Section D MTQs Questions 21.1 to 21.5 Part E: Personal effectiveness and communication in business Personal effectiveness and communication Questions 22.1 to 22.19 Section E MTQs Questions 23.1 to 23.5 Part F: Professional ethics in accounting and business Ethical considerations Questions 24.1 to 24.20 Section F MTQs Questions 25.1 to 25.5 Mixed banks Mixed bank 1: Questions 26.1 to 26.23 Mixed bank 2: Questions 27.1 to 27.24 Mixed bank 3: Questions 28.1 to 28.24 Mixed bank 4: Questions 29.1 to 29.24 Mixed bank 5: Questions 30.1 to 30.24 40 Recruitment and selection Part D: Leading and managing individuals and teams FAB/F1 ACCOUNTANT IN BUSINESS vi http://freeaccastudymaterial.blogspot.com/ ter m/ 154 153 152 149 147 146 145 144 142 141 140 138 136 134 133 132 130 Answers ot co ial bl og sp ym a tud cc as ea re ://f htt p http://freeaccastudymaterial.blogspot.com/ QUESTION INDEX Page Mixed bank 7: Questions 32.1 to 32.25 Mixed bank 6: Questions 31.1 to 31.23 100 42 38 Marks 120 120 50 46 Mins 193 163 106 101 Questions 207 179 157 155 Answers re ym a tud ial bl og sp ter http://freeaccastudymaterial.blogspot.com/ vii ://f ea cc as Mock exams Mock exam (Specimen exam) 100 Time allocation m/ vii ot co Mock exam htt p http://freeaccastudymaterial.blogspot.com/ t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Helping you with your revision BPP Learning Media – Approved Learning Partner – content gs po As ACCA’s Approved Learning Partner – content, BPP Learning Media gives you the opportunity to use examiner-reviewed revision materials for exams from February ry 2014 to August 2015 By incorporating the examiner’s comments and suggestions regarding ing syllabus coverage, the BPP Learning Media Practice and Revision Kit provides excellent, ACCA-approved support for your revision Selecting questions We provide signposts to help you plan your revision ial bl o A full question index listing questions that cover each part of the syllabus, so that you can locate the questions that provide practice on key topics, and see the different ways in which they might be tested x Attempting mock exams htt p:/ /fr ee a cc as tud ym a ter There are two mock exams that provide practice at coping ping with the pressures of the exam day We strongly recommend that you attempt them under exam conditions Mock exam is the Specimen exam Mock exam reflects the question styles and syllabus coverage of the exam viii http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / USING YOUR PRACTICE AND REVISION KIT Using your BPP Practice and Revision Kit Aim of this Practice and Revision Kit To provide the practice to help you succeed in both the paper based and computer based examinations for Paper FAB/F1 Accountant in Business gs po To pass the examination you need a thorough understanding in all areas covered vered by the syllabus and teaching guide Recommended approach Make sure you are able to answer questions on everything specified by the syllabus and teaching guide You cannot make any assumptions about what questions may come up on your paper The examiners aim to discourage 'question spotting' x Learning is an active process Use the DO YOU KNOW?? Checklists to test your knowledge and understanding of the topics covered in FAB/F1 Accountant in Business by filling in the blank spaces Then check your answers against the DID YOU KNOW? KNOW? Checklists Do not attempt any questions if you are unable to fill in any of the blanks - go back to your BPP Interactive Text and revise first x When you are revising a topic, think about the mistakes that you know that you should avoid by writing down POSSIBLE PITFALLS at the end of each DO YOU KNOW? KNOW Checklist x Once you have completed the checklists successfully, you should attempt the questions on that topic Each question is worth 1, or marks and carries with it a time allocation of 1.2 minutes per mark x Once you have completed all of the questions in the body of this Practice & Revision Kit, you should attempt the MOCK EXAMS under examination conditions Check your answers against our answers to find out how well you did htt p:/ /fr ee a cc as tud ym a ter ial bl o x ix http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Passing the FAB/F1 exam To access FIA and ACCA syllabuses, visit the ACCA website http://www.accaglobal.com/ The exam gs po Paper FAB/F1 introduces students (who may not have ve a business background) to the business entity made up of people and systems which interact with each other There is a lot to learn, but none of it is particularly difficult and a good grasp of these topics will help you in higher-level business papers (ACCA papers P1 and P3) ial bl o You can take this exam as a paper-based exam or by CBE All questions in the exam are compulsory This means you cannot avoid any topic, but also means that you not need to waste time in the exam deciding which questions to attempt There are 46 MCQs Qs in the exam, worth either or marks, as well as multiple task questions worth marks each and a mixture of MCQs and other types of OTQ onse matching) in the CBE This means that the (number entry, multiple response and multiple response examiner is able to test most of the syllabus at each sitting, and that is what he aims to So you need to have revised right across the syllabus for this exam Revision ym a ter This kit has been reviewed by the FAB/F1 examiner and contains the Specimen exam, so if you just worked through it to the end you would be very wellll prepared for the exam It is important to tackle questions under exam conditions Allow yourself just the number of minutes shown next to the questions in the index and don’t look at the answers until you have finished Then correct your answer and go back to the Interactive Text for any topic you are really having trouble with Try the same question again a week later – you will be surprised how much better you are getting Doing the questions like this will really show you what you know, and will make the exam experience less worrying Doing the exam tud pa this exam There are certain points which you must If you have honestly done your revision you can pass bear in mind: Read the question properly x Don’t spend more than the allotted time on each question If you are having trouble with a question leave it and carry on You can come back to it at the end as x cc Approach to examining the syllabus FAB/F1 is a two-hour paper It can be taken as a paper based or a computer based examination ee a The exam is structured as follows: No of marks 60 16 24 100 htt p:/ /fr 30 compulsory multiple choice questions of marks each 16 compulsory multiple choice questions of mark each compulsory multiple task questions of marks each x http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ The Computer Based Examination t.c om / PASSING THE FAB/F1 EXAM Computer based examinations (CBEs) are available forr the first seven FIA papers (not papers FAU, FTM or FFM), in addition to the conventional paper based examination How does CBE work? gs po Computer based examinations must be taken at an ACCA CBE Licensed Centre Questions are displayed on a monitor x Candidates enter their answer directly onto the computer x Candidates have two hours to complete the examination x When the candidate has completed their examination, ion, the final percentage score is calculated and displayed on screen x Candidates are provided with a Provisional Result lt Notification showing their results before leaving the examination room x The CBE Licensed Centre uploads the results to the ACCA (as proof of the candidate's performance) within 72 hours x Candidates can check their exam status on the ACCA website by logging into myACCA ial bl o x ter Benefits Flexibility as a CBE can be sat at any time x Resits can also be taken at any time and there is no restriction on the number of times a candidate can sit a CBE x Instant feedback as the computer displays the results at the end of the CBE x Results are notified to ACCA within 72 hours hours tud CBE question types ym a x Multiple choice – choose one answer from four options x Number entry – key in a numerical response to a question x Multiple response – select more than one re response by clicking the appropriate tick boxes x Multiple response matching – select a respon response to a number of related part questions by choosing one option from a number of drop down menus as x cc For more information on computer-based exams, visit the ACCA website htt p:/ /fr ee a http://www.accaglobal.com/en/student/Exams/Computer-based-exams.html http://www.accaglobal.com/en/studen xi http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Tackling Multiple Choice Questions MCQs are part of all FIA exams and the first three ACCA exams (F1, F2 and F3) MCQs may feature in the CBE, along with other types of question, while thee paper based exam is made up entirely of MCQs gs po The MCQs in your exam contain four possible answers You have to choose the option that best answers the question The three incorrect options are called distracters stracters There is a skill in answering n develop this skill, giving you a better chance of MCQs quickly and correctly By practising MCQs you can passing the exam You may wish to follow the approach outlined below, or you may prefer to adapt it Skim read all the MCQs and identify what appear to be the easier questions Step Attempt each question – starting with the easier questions identified in Step Read the question thoroughly You may prefer to work out the answer before looking at the options, or you may prefer to look at the options at the beginning Adopt the method that works best for you Step Read the four options and see if one matches your own answer Be careful with numerical questions as the distracters are designed to match answers that incorporate common errors Check that your calculation is correct correct Have you followed the requirement exactly? Have you included every stage of the calculation? Step You may find that none of the options matches your answer ter ial bl o Step Re-read the question to ensure that you understand it and are answering the requirement x Eliminate any obviously wrong answers x Consider which of the remaining answers is the most likely to be correct and select the option tud ym a x If you are still unsure make a note and continue to the next question Step Revisit unanswered questions When you come back to a question after a break you often find you are able to answer it correctly straight away If you are still unsure have a guess You are not penalised for incorrect answers, so never leave a question unanswered! as Step htt p:/ /fr ee a cc After extensive practice and revision of MCQs, you may find that you recognise a question when you sit the exam Be aware that the detail and/or requiremen requirement may be different If the question seems familiar read the requirement and options carefully – not assume that it is identical xii http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ Using your BPP products t.c om / TACKLING MULTIPLE CHOICE QUESTIONS This Kit gives you the question practice and guidance you need in the exam Our otherr products can also help you pass: Passcards provide you with clear topic summaries and exam tips x i-Pass CDs are a vital revision tool for anyone taking FIA/ACCA CBEs and offer tests of knowledge against the clock in an environment similar to that encountered in a computer based exam htt p:/ /fr ee a cc as tud ym a ter ial bl o You can purchase these products by visiting www.bpp.com/learningmedia gs po x xiii http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ htt p:/ /fr ee a cc as tud ym a ter ial bl o gs po t.c om / FAB/F1 ACCOUNTANT IN BUSINESS xiv http://freeaccastudymaterial.blogspot.com/ htt p http://freeaccastudymaterial.blogspot.com/ re cc as ea tud ym a ter ial bl og sp m/ Questions ot co http://freeaccastudymaterial.blogspot.com/ ://f re cc as ea ym a ter ial bl og sp m/ ot co http://freeaccastudymaterial.blogspot.com/ ://f tud http://freeaccastudymaterial.blogspot.com/ FAB/F1 ACCOUNTANT IN BUSINESS htt p http://freeaccastudymaterial.blogspot.com/ t.c om / QUESTIONS Do you know? – The business organisation, its stakeholders and the external environment Check that you can fill in the blanks in the statements below before you attempt any questions If in doubt, you should go back to your BPP Interactive Text and revise first Organisations can achieve results which i……… cannot achieve by themselves x A ……………… organisation (NGO) is an independent voluntary ary association of people acting together for some common purpose (other than achieving government office or making money) x Stakeholders are those individuals or groups that, potentially, have an interest in what the organisation does These stakeholders can be w…… the organisation, c… to the organisation or external to the organisation x G………… p…… influences the economic environment, the framework of laws, industry structure and certain operational issues Political i…… is a cause of risk x ffer unauthorised disclosure of information P…… is the right of the individual not to suffer x A contract is a l…… b…… agreement x O…… is the contracting out of specified operations ations or services to an external vendor x The v… c… describes those activities of the organisation tion that add value to purchased inputs x products the bargaining The c…… e…… is structured by five forces: barriers to entry; substitute products; power of c………; the bargaining power of suppliers; c……… rivalry rivalry x Equilibrium n…… i…… is determined using aggregate supply supply and aggregate demand analysis x demand over the productive capacity of the Demand pull i…… arises from an excess of aggregate demand economy x C… p… inflation arises from increases in the costs of production x Economic …… may be measured by increases in the real gross national product (GNP) per head of the population x Macroeconomic policy objectives relate to economic growth, i………, unemployment and the b…… of p…… x If a government decides to use fiscal policy to in influence demand in the economy, it can choose either e……… changes or t changes as its policy instrument x M…… p… uses money supply, interest rates or credit controls to influence aggregate demand x A surplus or deficit on the balance of payments usually means a surplus or deficit on the c…… a…… x The m… e………… refers to the immediate operational enviro environment including suppliers, competitors, customers, stakeholders and intermediaries x Elasticity, in general, refers to the relationship betw between two variables Price elasticity of demand explains the relationship between change in q… demanded and changes in p… x I…… e…… of demand measures the responsiveness of demand to changes in household income C… elasticity of demand is determined by the availability of substitute (competitors') products ial bl o ter ym a tud as cc ee a The effects of demand and supply conditions on markets can be analysed by studying the behaviour of both demand and supply c…… htt p:/ /fr x gs po x http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Did you know? – The business organisation, its stakeholders and the external environment Could you fill in the blanks? The answers are in bold Usee this page for revision purposes as you approach the exam Organisations can achieve results which individuals cannot achieve by themselves x A non-governmental organisation (NGO) is an independent voluntary association of people acting hieving government office or making money) together for some common purpose (other than achieving x Stakeholders are those individuals or groups that, potentially, have an interest in what the organisation does These stakeholders can be within the organisation, connected to the organisation or external to the organisation x Government policy influences the economic environment, the framework of laws, industry structure and certain operational issues Political instability is a cause of risk x Privacy is the right of the individual not to suffer unauthorised disclosure of information x A contract is a legally binding agreement x Outsourcing is the contracting out of specified operations erations or services to an external vendor x The value chain describes those activities of the organisation tion that add value to purchased inputs x products the The competitive environment is structured by five forces: barriers to entry; substitute products; bargaining power of customers; the bargaining power of suppliers; suppliers; competitive rivalry rivalry x Equilibrium national income is determined using aggregate supply and aggregate demand analysis x Demand pull inflation arises from an excess of aggregate demand over the productive capacity of the economy x Cost push inflation arises from increases in the costs of production x Economic growth may be measured by increases in the real gross national product (GNP) per head of the population x Macroeconomic policy objectives relate to economic growth, inflation, unemployment and the balance of payments x in If a government decides to use fiscal policy to influence demand in the economy, it can choose either expenditure changes or tax changes as its policy instrument x Monetary policy uses money supply, interest rates or credit controls to influence aggregate demand x A surplus or deficit on the balance of payments usually means a surplus or deficit on the current account x The micro environment refers to the immediate operational environment including suppliers, competitors, customers, stakeholders and intermediaries x betw Elasticity, in general, refers to the relationship between two variables Price elasticity of demand explains the relationship between change in quantity demanded and changes in price ial bl o ter ym a tud as cc Income elasticity of demand measures the responsiveness of demand to changes in household income Cross elasticity of demand is determined by the availability of substitute (competitors') products The effects of demand and supply conditions on markets can be analysed by studying the behaviour of both demand and supply curves htt p:/ /fr x ee a x gs po x http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / QUESTIONS Business organisations and their stakeholders 1.1 16 mins ‘An organisation is a social arrangement which pursues collective , , which controls its own performance and which has a boundary separating it from its environment.’ A B C D (2 marks) Limited company status means that a company is only allowed to trade up to a predetermined turnover level in any one year B For organisations that have limited company status, status, ownership and control are legally separate C The benefit of being a sole trader is that you have no personal liability for the debts of your business D Ordinary partnerships offer the same benefits as limited companies but are usually formed by (2 marks) professionals such as doctors and solicitors ym a ter A tud An organisation is owned and run by central govern government agencies The organisation is best described as which of the following statements? A voluntary sector organisation A private sector organisation A public sector organisation (1 mark) Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station? (i) (ii) (iii) (iv) The government Environmental pressure groups Employees Local residents A B C D (i), (iii) and (iv) (i), (ii), (iii) and (iv) (iii) only (i) and (iii) only ee a (2 marks) Secondary stakeholders is another term for which group of stakeholders? /fr 1.6 ial bl o Which one of the following statements is true? A B C 1.5 Sympathy Specialisation Synergy Systems thinking as 1.4 (2 marks) What is the term given to the idea that the combined output of a number of individuals working together will exceed that of the same individuals working separately? A B C D 1.3 Profits Stakeholders Goals Tactics cc 1.2 gs po Which of the following words best completes this sentence? Internal stakeholders Connected stakeholders External stakeholders (1 mark) htt p:/ A B C http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability? A B C 1.8 A private accountancy college A local authority A small retailer (1 mark) ADB is a business which is owned by its workers The workers share the profits and they each have a vote on how the business is run gs po 1.7 t.c om / FAB/F1 ACCOUNTANT IN BUSINESS Which of the following best describes ADB? Public sector Private sector Not-for-profit Co-operative (2 marks) ial bl o A B C D (Total = 13 marks) The business environment What is an acronym used to describe the key elements ents of an organisation’s external environment? A B C 2.2 (1 mark) Which of the following is not a legitimate method of influencing government policy in the interests of a business? Employing lobbyists to put the organisation’s organisation’s case to ministers or civil servants Giving lawmakers non-executive directorships Offering financial incentives to public officials to use their influence on the organisation’s behalf Attempting to influence public opinion, to put pressure on the legislative agenda (2 marks) tud A B C D 2.3 SWOT SMART PEST ter 2.1 35 mins ym a is an analysis of statistics on birth and death rates, age structures of people and ethnic groups within a community (2 marks) A recent trend in organisation and management is the rise in ‘virtual organisation’ and ‘virtual teamworking’ To which of the following environmental (PEST) factors is this most directly attributed? ee a 2.4 Ergonomics Economics Psychographics Demographics cc A B C D as Which word correctly completes the sentence? Economic Socio-cultural Technological Political (2 marks) htt p:/ /fr A B C D http://freeaccastudymaterial.blogspot.com/ ... om / FAB /F1 ACCOUNTANT IN BUSINESS Helping you with your revision BPP Learning Media – Approved Learning Partner – content gs po As ACCA s Approved Learning Partner – content, BPP Learning Media... http://freeaccastudymaterial.blogspot.com/ http://freeaccastudymaterial.blogspot.com/ t.c om / FAB /F1 ACCOUNTANT IN BUSINESS Passing the FAB /F1 exam To access FIA and ACCA syllabuses, visit the ACCA website http://www.accaglobal.com/... http://freeaccastudymaterial.blogspot.com/ FAB /F1 ACCOUNTANT IN BUSINESS htt p Marks Mins Time allocation Page QUESTION INDEX http://freeaccastudymaterial.blogspot.com/ Question index Part A: The business organisation, its stakeholders