61- Which of the following statements is true?

a) Strong values improve corporate performance

b) Strong values can replace rules and controls in an organisation
c) Strong values minimize conflict within an organisation

❤d) Strong values are dangerous if they filter out 'uncomfortable' environmental information

62- Culture is the collective programming of the mind which distinguishes the members of
one ........................................ from another.
Which word or phrase most accurately completes the definition?
a) Nation

❤b) Category of people

c) Social class
d) Country

66- Research has indicated that workers in country A display characteristics such as toughness and the
desire for material wealth and possessions, while workers in country B value personal relationships,
belonging and the quality of life. According to Hofstadter’s theory, these distinctions relate to which
of the following cultural dimensions?

❤a) Masculinity – femininity

b) Power – distance
c) Individualism – collectivism
d) Uncertainty avoidance

67- Services have certain qualities which distinguish them from products. Because of their
...................................... , physical elements such as vouchers, tickets, confirmations and
merchandise are an important part of service provision.
Which of the following words most accurately completes the sentence?

a) ❤Intangibility
b) Inseparability
c) Variability
d) Perishability

68-U Ltd produces a portfolio of products and focuses its efforts and resources on persuading
customers
to buy them. This is an example of which type of 'orientation'?
a) Production
b) Sales
c) Marketing
d) Advertising

69- Which of the following is/are objectives of human resource management?

1 To meet the organisation's social and legal responsibilities relating to the human resource
2 To manage an organisation's relationship with its customers
3 To develop human resources that will respond effectively to change
a) 1 and 2

❤b) 1 and 3
 c) 1
d) 1, 2 and 3

71- Josh, Joanne, Ed, and Sue all work for D Co. Josh works in the finance department. Joanne works
in the human resources department. Ed is Sue's line manager in the purchasing department.
Which one of the staff members would be involved with payroll administration?

❤a) Josh
b) Joanne
c) Ed
d) Sue

72-Managers Jill and Paul are talking about how to resolve a business problem. Jill suggests that a
committee should be formed to discuss the issues. Paul argues that committees are:
(i) Time-consuming and expensive
(ii) They invite a compromise instead of a clear-cut decision
Which of these statements is true?

❤a) Both (i) and (ii)

b) (i) only
c) (ii) only
d) Neither statement is true

73- Mr Q is manager of a division which is undergoing a business downturn. He tries to shelter the
workforce from the effects of downsizing: taking time for consultation, organizing counselling and
Refusing to institute compulsory redundancies. Which one of the following cultural types
identified
in the Hofstede model is this manager most likely to represent?
a) Low power-distance

❤b) Low masculinity

c) Low uncertainty avoidance
d) High individuality

74-Josina has been appointed Chair of a remuneration committee. She is responsible for which one of

the following duties?

a) Fixing the date and time of the next meeting

❤b) Giving a ruling on matters in dispute

c) Taking notes during the meeting
d) Hiring staffs

76- Which of the following statements about corporate social responsibility is true?
(i) CSR guarantees increased profit levels
(ii) CSR adds cost to organisational activities and reduces profit levels
(iii) Social responsibility may have commercial benefits
(iv) Social responsibility is a concern confined to business organisations
a) (i), (ii), (iii) and (iv)
b) (i) and (iii)
c) (ii) and (iv)
 ❤️d) (iii) only

77- Calum, Heidi and Jonas are managers for Zip Co. They have been told that their salary will be
based
on company performance and that a bonus scheme will also be introduced. The bonus will also be
related to company performance. Which of the following best describes the approach to
governance
that Zip Co is using?
a) Stewardship theory

❤ b) Agency theory
c) Stakeholder theory
d) Leadership theory

78- Michael has been asked to prepare a presentation for the company directors on good corporate
governance. Which one of the following is he likely to exclude from his presentation?
a) Risk management
b) Internal controls

❤ c) Maximising shareholder wealth

d) Accountability to stakeholders

79- Corporate governance is essentially of what significance?

a) Control system

❤b) Strategic importance

c) Risk management
d) Ethical

82-Which of the following would be included in the principles of Corporate Social Responsibility?
(i) Human rights
(ii) Employee welfare
(iii) Professional ethics
(iv) Support for local suppliers
a) (ii) and (iii) only
b) (i) only
c) (ii), (iii) and (iv) only

❤d) (i), (ii) and (iv) only

83-Which of the following is subject to the least direct regulation?

a) Employment protection
b) Corporate social responsibility
c) Corporate governance
d) Law

84-In most countries, what is the usual purpose of codes of practice on corporate governance?
a) To establish legally binding requirements to which all companies must adhere
b) To set down detailed rules to regulate the ways in which companies must operate

❤c) To provide guidance on the standards of the best practice that companies should adopt
d) To provide a comprehensive framework for management and administration

85-Who should set directors' reward and incentive packages, according to corporate governance
 provisions?
a) The board of directors
b) The nomination committee

❤c) A remuneration committee made up of independent non-executive directors

d) Joint committee

87- Which of the following are advantages of having non-executive directors on the company board?
1 They can provide a wider perspective than executive directors.
2 They provide reassurance to shareholders.
3 They may have external experience and knowledge which executive directors do not possess.
4 They have more time to devote to the role.
a) 1 and 3

❤b) 1, 2 and 3
c) 1, 3 and 4
d) 2 and 4

88-Which of the following statements about accounting information is incorrect?

A Some companies voluntarily provide specially-prepared financial information to employees.
B Accounting information should be relevant, reliable, complete, objective and timely.
C Accountants have a strong obligation to ensure that company accounts conform to
accounting standards
D Charities and professional bodies do not have to produce financial statements in the same
way as businesses

89-In a typical finance function, preparation of budgets and budgetary control would usually be the
responsibility of which of the following roles?
a) The Financial Controller
b) The Management Accountant
c) The Treasurer
d) The Sales Manager

91-Which of the following is an aim of the control system relating to accounts payable and purchases?

❤A To ensure that all credit notes received are recorded in the general and payables ledger
B To ensure that goods and services are only supplied to customers with good credit ratings
c) To ensure that all credit notes that have been issued are recorded in the general and receivables
ledgers
d) To ensure that potentially doubtful debts are identified

93-The preparation and filing of accounts by limited companies each year is required by which of the
following?
a) Codes of corporate governance

❤ b) National legislation
c) International Accounting Standards`
d) Local Accounting Standards

94-All the following statements except one are examples of the advantages that a computer-based
accounting system used by a management accountant has over a manual system.
Which statement is the exception?
 a) A computer-based accounting system is easier to update as new information becomes
available

❤️b) A computer-based accounting system will always reject inaccurate financial information
input
to the system's database
c) Financial calculations can be performed more quickly and accurately
d) The management accountant can more readily present financial information to other
business
departments in a variety of forms

95-........................................ Systems pool data from internal and external sources and make
information
available to senior managers, for strategic, unstructured decision-making.
Which word or phrase correctly completes this sentence?
a) Expert
b) Decision Support

❤ c) Executive Support
d) Management Support

96-All the following statements except one describe the relationship between data and information.
Which one is the exception?
a) Information is data which has been processed in such a way as to be meaningful to the
person who receives it.
b) The relationship between data and information is one of inputs and outputs.

❤c) Data is always in numerical form whereas information is always in text form.
d) Data are simply facts or figures — bits of information, but not information itself. When data
are processed, interpreted, organized, structured or presented so as to make them meaningful or useful,
they are called information. Information provides context for data.

97-Office Automation Systems are designed mainly to increase the ........................................ of data
and
Information workers. Which word correctly completes this sentence?

❤a) Productivity
b) Flexibility
c) Decision-making capability
d) Storage

98-Which of the following user groups of financial and accounting information are likely to need, and
have access to, this information most?

❤a) Managers of the company

b) Shareholders of the company
c) Financial analysis advisers
d) Taxation officers

99-To whom should the internal audit department of an organisation report?

a) The Finance Director

❤b) The audit committee of the board of directors

c) The shareholders
d) Executive Director
100-Which function in an organisation is responsible for ensuring that only properly authorised
purchases which are necessary for the business are made?
a) Goods inwards
b) Finance/accounts

❤c) Purchasing/procurement
d) Production/operations

101-There is a need for co-ordinated information flow between sections and departments in accounting
management. To which of the following should the receivables ledger section give information
about overdue debts?
a) Cost accounting staff

❤ b) The credit control department

c) The payables ledger section
d) The marketing department

102- International Financial Reporting Standards are issued by which one of the following
organisations?

❤ a) IASB
b) ASB
c) The European Union
d)ACCA