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BUSINESS ORGANISATIONS AND THEIR STAKEHOLDERS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › BUSINESS ORGANISATIONS AND THEIR STAKEHOLDERS

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Ken Garrett.
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  • Author
    Posts
  • January 20, 2022 at 5:36 am #647076
    bad2341
    Participant
    • Topics: 7
    • Replies: 1
    • ☆

    Hi Sir. I have a question and the question is: 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
    2)could you please explain how are the NGO’S are measured in terms of value for money.

    For the first question, the answer is B and I answered or selected the option A) why is option A wrong. thank you for your time and co-operation.

    January 20, 2022 at 9:55 am #647106
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10194
    • ☆☆☆☆☆

    A and C are profit seeking so profitability is important. B is not profit-seeking so cannot use profit measures. A local authority would use measures like cost/tonne to remove rubbish.

    It would depend on the aims of the NGO. So if it was a body trying to conserve the environment it would have to invent something like hectares returned to the wild/$.

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