Key Topics:
• The role of business organizations in society, stakeholders, and their influence.
• Types of organizations and corporate governance.
• Economic principles, the external environment, business strategy, and risk management.
• Business functions, including HR, marketing, operations, and finance.

Concepts Covered:
• Identifying characteristics of different organizational structures (e.g., sole traders, partnerships, companies).
• Analyzing stakeholder influence and the principles of corporate governance.
• Evaluating external factors using tools like PESTEL analysis.
• Understanding economic influences on businesses, such as inflation, interest rates, and exchange rates.
• Strategic approaches to managing uncertainty and risk.
• Exploring the role of functional departments in achieving business objectives, including marketing, HR, operations, and finance.

Description:
This section provides a comprehensive review of essential business and technology concepts relevant to the ACCA BT syllabus. It covers organizational structures, governance, and stakeholder management, offering insights into the internal and external dynamics of businesses. Through MCQs, you will explore how external economic factors influence business strategy and risk management. Additionally, the questions focus on functional areas such as marketing, HR, operations, and finance, emphasizing their integration and importance in achieving organizational goals. By mastering these concepts, you will develop a well-rounded understanding of business operations in both theoretical and practical contexts.