New PDF release: ACCA F1 Accountant in Business Course Notes ACF1CN07

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Additional resources for ACCA F1 Accountant in Business Course Notes ACF1CN07

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The objectives and importance of different stakeholder groups have also been reviewed. 5 Which of the following is not a connected stakeholder? A Customer B Employee C Landlord (Lessor) D Shareholder (2 marks) A role culture emphasises the completion of a job or project. True or false? A True B False (1 mark) What is the name of the management theorist that broke national culture into four key dimensions? A Mayo B Handy C Scholes D Hofstede (2 marks) If a stakeholder has a high level of interest in the company and has high power under Mendelow's stakeholder mapping grid, the stakeholder is classified as: A Minimal effort B Keep informed C Key players D Keep satisfied (2 marks) Which of the following is not an observable aspect of culture?

Handy describes culture as 'the way we do things around here'. 3 (b) Values and beliefs (c) Assumptions or 'unspoken rules' The 'Iceberg' of culture BEHAVIOUR AND ATTITUDES PROFESSED CULTURE ASSUMPTIONS (inbuilt and shared beliefs and values) Behaviour and attitudes are observable to outsiders, but professed culture and assumptions are not, despite often being the more important aspect of culture. 4 Organisations have differing cultures. These are sets of values, norms (standards of behaviour) and beliefs, which are reflected in different organisation structures and systems.

B) A 'duty' approach is not concerned with consequences but with acting according to ethical principles such as 'treat others as you would like to be treated yourself'. These approaches can conflict at times, for example if job reductions are required to secure an organisation’s future. Lecture example 2 Ideas generation Required What ethical issues might the following types of organisation face? How might they address these issues? 1 There are many influences on the ethics practiced within organisations.

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