Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What is NOT a feature of a business organization?

  1. Managed activities

  2. Assets

  3. Social media presence

  4. Owners and employees

The correct answer is: Social media presence

A business organization is defined by a variety of features that contribute to its structure and operations. Assets, managed activities, and the presence of owners and employees are fundamental characteristics of any business. Assets refer to the resources a business owns, such as equipment, inventory, and cash, which are essential for its operations. Managed activities encompass the systematic processes and strategies that a business undertakes to achieve its objectives, highlighting the importance of organization and strategic planning. The presence of owners and employees is also vital, as these individuals drive the business forward, making decisions and performing the necessary tasks for the company's success. In contrast, while having a social media presence can be beneficial for marketing and communication, it is not a fundamental aspect of a business organization itself. It may be a tool for engagement and branding, but it is not a required feature of the organizational framework. Thus, identifying social media presence as not a core feature aligns with understanding the basic structural components of a business organization.