Académique Documents
Professionnel Documents
Culture Documents
Accountant in Business
Session
: June 2014
Set by
Mr Nageb
(Please submit your script latest by 9th May 2014 for marking)
Email: studentservices@saage.edu.sg
SECTION A
1 Z plc sources a range of complex components from suppliers which are critical to the
quality of Z plcs final product. Any disruption to the supply of these components will
mean that Z plc cannot maintain its service levels to its own customers.
In the purchasing of these compenents, which two of the following are least likely to be a
component of Z plcs supply strategy?
(i)
(ii)
(iii)
(iv)
A
B
C
D
2 marks
3 Which of the following organisations would rely most heavily on value for money
indicators and efficiency rather than information on performance and profitability?
A
B
C
D
1 mark
4 A large supermarket chain has purchased land for a new out-of-town shopping
development in an area of recognised natural beauty. The organisation is now preparing
plans for infrastructure development (road access, parking, power) and construction.
Level of Interest
Low
High
Low
Power
High
2
Into which quadrant of the above power/interest matrix would the organistion place
local nature appreciation groups, and what strategy does this indicate?
A
B
C
D
2 marks
5 When analysing the current situation in a business, a consultant will review the general
environment surrounding it.
Which of the following would not be included in this analysis?
A
B
C
D
2 mark
Direct discrimination
Indirect discrimination
Victimisation
Terrorisation
1 mark
7 Martin is an experienced and fully trained shipbuilder, based in a western European city.
Due to significant economic change in supply and demand conditions for shipbuilding in
Martins own country, the shipyard he worked for has closed and he was made
redundant. There was no other local demand for his skills within his own region and he
would have to move to another country to obtain a similar employment, and could only
find similar work locally through undertaking at least a years retraining in a related
engineering field.
Which of the following describes the type of unemployment that Martin has been
affected by?
A
B
C
D
Structural unemployment
Cyclical unemployment
Frictional unemployment
Marginal unemployment
2 mark
8 In the short run, firms will continue to supply customers provided that they cover.
A
B
C
D
Fixed costs
Marginal costs
Variable costs
Interest costs
1 mark
3
9 Which of the following measures will help an organisation to limit its environmental
impact?
1.
2.
3.
4.
A
B
C
D
Recycling waste
Using energy efficient electrical appliances
Selecting suppliers carefully
Buying raw materials locally
1 and 2 only
2 and 4 only
1 and 3 only
1, 2, 3 and 4
2 marks
analysis?
A
B
C
D
2 mark
2 marks
Designing systems
Organisaing and controlling work
Standardising work
Securing inputs
1 and 2
1 and 3
2 and 3
3 and 4
2 marks
2 marks
4
Role culture
Power culture
Task culture
Person culture
1 mark
Slower decisions
Unsupported decisions
Autocratic decisions
Unworkable decisions
1 mark
17 Analysis of costs and revenues of different products would assist the marketing
department in respect of which activity?
A
B
C
D
1 mark
19 For which TWO of the following does the external auditor have responsibility?
1.
2.
3.
4.
A
B
C
D
2 marks
20 Which of the following are substantive tests used in context of external audit of financial
accounts?
A
B
C
D
2 marks
21 Which type of audit is concerned with the evaluation and testing of the internal
controls within an organization?
A
B
C
D
Systems
Management
Transactions
Social
1 mark
2 marks
A sales ledger control account provides a check on the arithematical accuracy of the
personal ledger
ii. A sales ledger control account helps to improve separation of duties
iii. A sales ledger control account ensures that there are no errors in the personal
ledger
iv. Control accounts deter fraud
A
B
C
D
2 marks
A sales ledger control account provides a check on the arithematical accuracy of the
personal ledger
ii. A sales ledger control account helps to improve separation of duties
iii. A sales ledger control account ensures that there are no errors in the personal
ledger
iv. Control accounts deter fraud
A
B
C
D
2 marks
Resource power
Expert power
Personal power
Position power
1 mark
Position power
Expert power
Personal power
Physical power
1 mark
Reporting lines
Salary
Hours of work
Job content
1 and 3
2 and 4
1 and 4
2 and 3
2 marks
28 A company has placed a job advertisement for a full-time employee and a part-time
employee. The part time employees terms are less favourable than full-time
employees terms. What type of discrimination is this?
A
B
C
D
Direct discrimination
Indirect discrimination
Victimisation
Implied discrimination
2 marks
30 Which three of the following are typical of informal groups within an organisation?
(i)
(ii)
(iii)
(iv)
A
B
C
D
Membership is voluntary
Tasks are assigned by management
Communication is open and informal
Tasks are not assigned by management
(i), (ii) and (iii)
(ii), (iii) and (iv)
(i), (ii) and (iv)
(i), (iii) and (iv)
2 marks
Monitor-evaluator
Plant
Resource-investigator
Company worker
2 marks
Salary
Job security
Gaining recognition
Challenging work
(ii) and (iv) only
(i) only
(i), (ii), (iii) and (iv)
(i) and (ii)
2 marks
35 Upward appraisal is used by some businesses. This involves staff giving their opinion on
the performance of their managers. There are problems with this method, which include
three of the following. Can you identify them?
(i)
(ii)
(iii)
(iv)
A
B
C
D
2 marks
36 Wasim is the Customer Services Manager in a large leisure park. The forthcoming
weekend is going to be the busiest of the year, as it is a public holiday. Wasim has to
cope with several absentees, leaving him short-staffed in public areas of the park. His
manager has told him that he expects him to catch up with some administrative reports
that were due last week. Wasim also has to arrange for six new staff to be trained, who
will be arriving imminently.
In order to manage his workload most effectively, what should Wasim do?
A
B
C
D
37 Ilya is the union representative at Acorn College. He is also head of studies responsible
for the recruitment and appraisal of lecturing and administrative staff. The union is in
dispute with the government over teaching salaries and staffing levels.
What phenomenon is Ilya experiencing?
A
B
C
D
Role ambiguity
Role conflict
Role overlap
Role duplication
1 mark
38 If a manager in the purchasing department requests the help of the Human Resources
Director in preparing for a difficult appraisal, what direction is the communication flow?
A
B
C
D
Vertical
Horizontal
Lateral
Diagonal
2 mark
10
39 Which one of the following would be identified as a problem with the role of nonexecutive director?
A
B
C
D
1 mark
40 Which view of ethics states that right and wrong are culturally determined?
A
B
C
D
Ethical relativisim
Cognitivism
Teleological
Deontological
2 marks
41 Enzo is facing an ethical dilemma. When deciding what his course of action should be, he
is concerned with making sure that the outcome of his decision will be benefit the
greatest number of people.
Which approach to ethical decision making is Enzo following?
A
B
C
D
Egoist
Utilitarian
Pluralist
Individualist
2 marks
42 H is an ACCA member. Last year one of her clients, C asked her to value a business that
he wished to purchase. She did so and informed C that the business competitively priced.
C subsequently bought the business for its full asking price of several million pounds.
This year, C has become concerned that the business has been underperforming and has
asked H to review its performance and long-term prospects.
Which type of ethical threat is H facing?
A
B
C
D
Self-interest
Self review
Advocacy
Intimidation
1 mark
43 In which of the following situations would the company be viewed as having behaved
unethically?
A
B
C
D
11
44 In relation to fraud prevention, what objective should external auditors have in designing
and implementing their audit procedures?
A
B
C
D
2 marks
46 DEF Co has decided to include in each customers account number a check digit which
will have an arithmetical relationship to other digits in the account number.
This is an example of which of the following types of control?
A
B
C
D
Input control
Back-up control
Output control
Contingency control
1 mark
12
SECTION B
2.1
(a) Paul, Mary, Alan and Kate are having a board meeting of a newly formed
company and they are discussing the orientation of the company.
Paul believes that the company will actively need to persuade customers to buy
their products.
Mary believes they should add additional features to their products, without
carrying out market research, and this will increase demand from the customers.
Alan believes the products will sell as they are and the company should produce as
many items as it can.
Kate believes that they should research what customers need and value and adapt
the products to meet the findings of the research.
The following are types of orientation of a company
A
Production orientation
B
Product orientation
C
Sales orientation
D
Marketing orientation
For each board member, select the orientation they are recommending
(i)
Paul
(ii)
Mary
(iii)
Alan
(iv)
Kate
2 marks
(b) Breaking up the market into different groups, which each have common needs,
wants and preferences is known as ______________________
Which of the options below correctly fills the blank?
A
B
C
D
Undifferentiated marketing
Marketing Mix
Mass marketing
Market Segmentation
2 marks
13
3.1
(a) The following are reasons why people might be interested in financial
information about a large public company.
A
Assessing how effectively management is running the company
B
To advise clients
C
To assess tax payable by the company
D
To assess the ability of the company to pay its debts
For each of the following users of financial information, select the appropriate
reason for wanting the information from the list above:
(i)
(ii)
(iii)
(iv)
Suppliers
Tax authorities
Shareholders
Financial analysts
2 marks
(b) Only businesses need to prepare financial statements. Is this statement true or
false?
1 mark
(c) The statement of financial position must give _______________ view of the
company at the end of the financial year.
Which of the following correctly fills the blank?
A
an informative
B
a true and fair
C
a GAAP compliant
1 mark
4.1
(a) Peter, Gloria, Shirley and Matthew are part of a newly formed team.
Peter is a reliable employee who likes to take ideas from other people and turn
them into actions. He is not very flexible and tends to be resistant to change or new
possibilities.
Gloria is a dynamic individual who responds best when under pressure. She is driven
to overcome any obstacles, but has a tendency to hurt other peoples feelings.
Shirley is single-minded and dedicated to her work. She has a lot of specific
knowledge, but only contributes to discussions on these areas and lacks the ability
to see the bigger picture.
Matthew is strategically minded. He likes to see all the available options before
judging them. He has a proven track record of good judgments, but can be overly
critical and does not inspire others that he works with.
Belbin identified the following team roles:
A
B
C
D
Shaper
Monitor-Evaluator
Implementer
Specialist
For each team member listed below, select the appropriate team role from the list
above:
(i)
Peter
(ii)
Gloria
(iii)
Shirley
(iv)
Matthew
2 marks
14
5.1
(a) Which TWO of the following conditions would show that a task is important to an
organisation?
A
The task will satisfy a key customer
B
The task comes in an e-mail marked urgent
C
The task will add value to the organisation
D
The task has already been delegated by two superiors
2 marks
(b) Are the following statements true or false?
(i) A meeting without a clear objective will always give value to everyone attending
for the time taken.
(ii) Time management can be improved by setting aside times when an individual is
not contactable by others.
2 marks
5.2
(a)Trevor, Joss, Michael and Leona are all managers in HGF Co experiencing conflict
in their teams.
Trevor responds to conflict by encouraging the individuals to bargain and negotiate.
Joss puts emphasis on the task in hand and stresses that the group effort must be
superior to individual effort.
Michael likes to use his power as a manager to force a settlement on his team. This
causes some resentment amongst his team members.
Leona ignores the conflict in the hope that the issue is trivial and the team will then
continue to operate as normal.
The following are management responses to conflict:
A
Denial
B
Compromise
C
Dominance
D
Integrative/ Collaboration
For each manager, select the response that they use to conflict.
(i)
Trevor
(ii)
Joss
(iii)
Michael
(iv)
Leona
2 marks
15
(b) Are the following statements about conflict resolution true or false?
(i) Compromises result in all parties being satisfied
(ii) A win-win situation is rare, but is the best solution to conflict resolution
(iii) A lose-lose situation is not possible
(iv) Win-lose situations can result in damaged relationships within the team
2 marks
6.1
(b) Are the following statements about social responsibility true or false?
(i)
16