Name _________________ Batch _________________

Date _________________ Total : 16 marks

F1 QUESTION BANK
CHAPTER 1 (BPP BOOK)
1) Which of the following is NOT true about an organization
a) It’s a social arrangement with collective goals
b) It controls it’s performance
c) It has a separate boundary
d) Organizations always focus to earn profit

2) Choose TRUE or FALSE for following statements

forestry and fisheries comes under the heading of Agriculture
a) True
b) False

3) Which of the following organization will rely most heavily on value for money indicators
and efficiency rather than information on performance and profitability?
a) A local authority
b) An accountancy college
c) A small retailer

4) The term secondary stakeholders describe which group of stakeholders?

a) Stakeholders who conduct transaction with the organization
b) Stakeholders who do not have a contractual relation with the organization
c) Stakeholders who have a contractual relation with the organization

5) ADB is a business which is owned by its workers. The workers share the profit and they
each have a vote on how the business should run.
Which of the following should be used to describe ADB?
a) Public sector
b) Not for profit
c) Private sector
d) Cooperative

6) Fill in the blank:

An organization is a social arrangement which pursues collective _______________ , which
controls its own performance and which has its own boundary separating it from its environment.

7) What is the term given to the idea that the combined output of numbers of individuals
working together will exceed that of the same individuals working separately?
a) Synergy
b) System thinking
c) Specialization
 d) Sympathy

8) Which of the following groups may be considered to the stakeholders in the activities of a
nuclear PowerStation?
I. The government
II. Environmental pressure groups
III. Employees
IV. Local resident

a) (i)and(iii) only
b) (iii) only
c) (i),(iii)and(iv)
d) (I),(ii),(iii),(iv)

9) An organization owned and run by central government agencies. The organization shoud be
described as which of the following statements?
a) Private sector organization
b) Public sector organization
c) Collaboration of both

10) Which of the following statement is true

a) For organization that has limited company status, ownership and control are legally separate
b) The benefit of being a sole trader is that you have no personal laiblities for debts of your
business
c) Ordinary partnership offers the same benefits as limited companies but are usually formed by
professionals such as doctors and solicitors.
Sr # Answers
1 d
2 a
3 a
4 b
5 d
6 Goals
7 a
8 d
9 b
10 a