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Extra resources for ACCA F1 Accountant in Business Course Notes ACF1CN07

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6 Chapter summary • This chapter has looked at what culture is and how it impacts on organisations. • 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?

In the UK some protection is now provided under legislation to whistle-blowers. 1 A profession is an occupation that requires extensive training and the study and mastery of specialised knowledge, and usually has a professional association, ethical code and process of certification or licensing. 2 Professional bodies will issue 'Codes of Conduct' or 'Codes of Ethics', which members are expected to adhere to. The may be developed using: (a) A rules based approach, creating specific rules for members to follow in as many situations as possible.

1 A profession is an occupation that requires extensive training and the study and mastery of specialised knowledge, and usually has a professional association, ethical code and process of certification or licensing. 2 Professional bodies will issue 'Codes of Conduct' or 'Codes of Ethics', which members are expected to adhere to. The may be developed using: (a) A rules based approach, creating specific rules for members to follow in as many situations as possible. (b) A framework based approach, describing fundamental values and qualities that members should aspire to, but not laying out prescriptive rules.

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