ADB is a business which is owned by its workers. The workers share the

Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability?

A

A private accountancy college

B

A local authority

C

A small retailer

The term secondary stakeholders describes which group of stakeholders?

A

Stakeholders who conduct transactions with the organisation

B

Stakeholders who have a contractual relationship with the organisation

C

Stakeholders who do not have a contractual relationship with the organisation

Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station?

(i) The government

(ii) Environmental pressure groups

(iii) Employees

(iv) Local residents

A

(i) (iii) and (iv)

B

(i), (ii), (iii) and (iv)

C

(iii) only

D

(i) and (iii) only

An organisation is owned and run by central government agencies. The organisation is best described as which of the following statements?

A

A voluntary sector organisation

B

A private sector organisation

C

A public sector organisation

Which one of the following statements is true?

A

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, 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

professionals such as doctors and solicitors.