1.Which of the following are substantive tests used in the context of external audit of financial accounts? A. B. C. D.

To determine why a figure is excluded To establish whether a figure is correct To investigate why a figure is incorrect To assess whether a figure should be included

2. Which TWO of the following are the most task efficient managerial styles as suggested by Blake and Mouton? A. B. C. D. Team Middle of the road Authoritarian Country club

3. In relation to the management of conflict, which of the following approaches will maximise the prospect of consensus? A. B. C. D. Avoidance Acceptance Assertiveness Negotiation

4. Daragh has been appointed to the management team of a professional football club. His role includes coaching, mentoring and counselling young players who have just signed contracts with the club for the first time.

Will the following activities be related to his role as coach, mentor or counsellor?
1. Identifying each player's key skills and encouraging them to develop new skills

coach, mentor or

counsellor
2. Helping the young players to settle in during their first week coach, mentor or counsellor 3. Advising the players on addressing personal issues, such as managing their finances coach, mentor

or counsellor
4. Helping the players to anticipate opponents' reactions

coach, mentor or counsellor

5.According to Mendelow, which group of stakeholders must companies keep satisfied? A. B. C. D. Those with little power and little interest in the company Those with little power but a high level of interest in the company Those with a high level of power and a high level of interest in the company Those with a high level of power but little interest in the company

6.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, the shipyard he worked for closed and he was made redundant. There is no demand for his skills locally and he would have to move to another country to obtain similar employment. He could only find similar work locally through undertaking at least a year's 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. Cyclical unemployment Frictional unemployment Marginal unemployment Structural unemployment

7.Which of the following is the MAIN function of marketing? A. To identify and anticipate customer needs. B. To persuade potential consumers to convert latent demand into expenditure

Carry out some of the work that the absentees would normally do Prioritise the tasks in relation to the most important business outcomes Train the new recruits Deal with the reports that the manager insists be prepared 14. who will be arriving imminently. He initially feeds back to Jill areas of strengths and weaknesses of performance but then invites Jill to talk about the job. The forthcoming weekend is going to be the busiest of the year. The meetings deteriorate into arguments as to who is responsible for what. B. her aspirations. There is no clear sense of direction. Marcus is charged with the leadership of a multi-disciplinary work team to oversee the development of a new accounting system. C. This is an example of which approach to performance appraisal? A. finance directors must ensure that the information published by their organisations provide a complete and precise view of the position of the business. B. . No one seems to take responsibility for the investigation of new options. B. D. He finds that the team starts to work well but gradually fails to deliver viable options. Wasim is the customer services manager in a large leisure park. as it is a public holiday. To maximise sales volume 8. Wasim also has to arrange for six new staff to be trained. Assuming equal rates of change. what should Wasim do? A. He adopts a non-judgmental approach and offers suggestions and guidance. D. Which TWO of the following are potential consequences of a listed company failing to file its accounts? A. Tell and listen approach Tell and sell approach 360 degree approach Problem solving approach 11. No one seems to be assessing progress at each meeting. expectations and problems. He determines that he must ensure that he has representatives from each of the sections in the finance directorate. In order to manage his workload most effectively. Has Marcus made the following mistakes? Failure to ensure effective team management YES NO Failure to allow the team enough time to develop YES NO 13. will each of the following lead to an overall ageing of the population? Decreasing birth rate TRUE FALSE Increasing mortality rate TRUE FALSE 10. Wasim has to cope with several absentees leaving him short-staffed in public areas of the park. The overall average age of a population in a country is directly dependent on two demographic factors: birth rates and death rates. D. without concealing negative aspects that may distort the reader's perception of its position. To ensure that the client's financial statements are reasonably accurate and free from bias To report all financial irregularities to the shareholders of the client To verify all the financial transactions and supporting documentation of the client To ensure that all the client's financial statements are prepared and submitted to the relevant authorities on time 12. In order to discharge their duties ethically. C. C. Gils is conducting an appraisal interview with his assistant Jill. B.C. Refusal of the external auditor to sign the financial accounts Investigation of its financial affairs by a government department or agency Imposition of a fine by the government's company registration body Suspension of dealings in securities by the stock exchange 9. D. To identify suitable outlets for goods and services supplied D. What is the primary responsibility of the external auditor? A. C. His manager has told him that he expects him to catch up with some administrative reports that were due last week.

B. Processes Price Distribution (or place) Physical evidence 18. a large services company. B. D. Which of the following is a purpose of the International Federation of Accountants? A. D. B. D. D. Which TWO of the following are DISADVANTAGES to M Co as a result of this decision? A. Longer term contracts with N Co are prone to disruption C. Development of universally applicable detailed rules to deter inappropriate behaviours Agreement of legally binding financial reporting standards across all member accountancy organisations Promotion of ethical standards in all member organisations Prevention of international financial crimes. C. B.This duty describes which of the following ethical principles? A. Honesty Probity Independence Objectivity 15. Linh owns a busy restaurant. She has had complaints from regular customers about diners failing to control their noisy and unruly children. They develop spontaneously They undermine formal structures They directly support management objectives They reflect patterns of power and influence 19. Which of the following courses of action would be regarded as a pluralist solution to this problem? A. which is spoiling their dining experiences. C. Are each of the following consistent with a government's policy objective to expand the level of economic activity? An increase in taxation YES NO An increase in public expenditure YES NO 17. Which TWO of the following are features of informal networks? A. Neill works as the procurement manager of JL Company. assuming that those who complain will always be a minority Setting aside a separate section of the restaurant for families with children Advising customers that the restaurant is a family restaurant before they book Not accepting bookings from families with children 21. B. which is bidding for a contract offered by Malachi's company in the near future. D. C. such as money laundering and insider dealing 16. From which financial statements will Malachi obtain the following information? Long-term borrowings STATEMENT OF FINANICAL POSITION INCOME STATEMENT The equity of the company STATEMENT OF FINANICAL POSITION INCOME STATEMENT Operating costs as a percentage of turnover STATEMENT OF FINANICAL POSITION INCOME STATEMENT Liquidity STATEMENT OF FINANICAL POSITION INCOME STATEMENT 20. C. Malachi has been asked by his manager to analyse the financial accounts of ABC Company. The two financial statements which he will be using as his sources are the statement of financial position and the income statement. Ongoing IT costs of M Co will increase B. M Co has decided to outsource its IT support to N Co. Taking no action. Urgent IT issues at M Co may not be resolved as quickly . Information provided by Neill is most relevant to which of the following elements of the marketing mix? A. C.

car charger and other accessories which can only be used with ABC Co phones. ABC Co has a system which records details of orders received and goods dispatched. Bargaining power of suppliers Bargaining power of customers Intensity of competitive rivalry Threat of new entrant 28. Executive Director Manager Supplier Customer 24. Role playing exercises using video recording and playback would be MOST effective for which type of training? A. Regulation and compliance Introduction of new processes or procedures Dissemination of technical knowledge Development of selling skills 26. D. C. D. M Co becomes a more complex organisation 22. To which of Porter's five forces is this strategy intended to respond? A. B. C. Its predictive text style is also very different to that of other manufacturers. B. Which of the following represents the main barriers to entry in DEF Co industry? (1)Supplier concentration (2)Access to distribution channels . What type of system is this? A.1 leadership style. ABC Co sells mobile telephones. D.D. B. Which TWO of the following are examples of connected stakeholders? A. An office automation system A transaction processing system A decision support system A management information system 23. B. C. C. DEF Co supplies a patented bottled sauce through supermarkets and independent food shops throughout the world. Transaction processing system Knowledge management system Management information system Decision support system 25. C. Each phone sold is supplied with a charger. Which of the following is an example of the system used by a company to summarise sales and purchases? A. earpiece. Which TWO conclusions may be drawn in relation to Renata's leadership style? A. D. She maximises the involvement of her team She demonstrates little concern for other people in the team She balances the needs of the team with the need to complete the task She is highly focused on achieving the objectives of the team 27. C. B. D. invoices customers and allocates remittances to customers. B. The course leader informed her that the results suggested that Renata demonstrated a 9. Renata has attended a leadership development course in which she experienced a self-analysis exercise using the Blake and Mouton managerial grid. D.

Which of the following measures will help an organisation to limit its environmental impact? . Lack of coordination Lack of direction Lack of delegation Lack of control 30. C. Which of the following is the legal term for this practice? A. Which pattern of communication is the quickest way to send a message? A. A company has advertised for staff who must be at least 1. B.(3)Economies of scale (4)Industry growth rate A. B. Which TWO of the following are characteristics of a public limited company but not a cooperative? A. B. depending on which course they teach and upon their particular subject specialism. C. C. which of the following describes the above type of organisational structure? A. D.88 metres tall and have been in continuous fulltime employment for at least five years. Task Person Role Power 34. According to Charles Handy's four cultural stereotypes. D. B. Which of the following statements is correct in relation to monetary rewards in accordance with Herzberg's Two-Factor theory? A. where teaching staff report both to course programme managers and to subject specialists. C. 2. D. B. D. B. 1 and 3 only 2 and 4 only 2 and 3 only 1. Poor quality lateral communication will result in which of the following? A. D. 3 and 4 29. D. Direct discrimination Victimisation Indirect discrimination Implied discrimination 32. In a higher education teaching organisation an academic faculty is organised into courses and departments. Shares can be bought and sold through personal transactions of the members Members can vote according to the number of shares owned Maximising the excess of income over expenditure is not a primary objective All members are invited to attend the annual general meeting and participate in decisions at the meeting 31. The circle The wheel The Y The chain 35. C. B. D. C. Pay can never be used as a motivator Inadequate monetary rewards are a powerful dissatisfier Pay increases are a powerful long-term motivator Monetary rewards are more important than non-monetary rewards 33. C.

Which TWO of the following statements about price elasticity of demand are correct? A. Savings Taxation Investment Consumption 40. 2. The establishment of detailed rules on internal audit procedures The commissioning of financial reporting standards The monitoring and enforcement of legal and compliance standards The creation of legislation relating to accounting standards 38. D. An item which has an elasticity less than one is said to be inelastic C. He responds to new challenges positively and has a capacity for contacting people exploring anything new.(1)Recycling waste (2)Using energy efficient electrical appliances (3)Selecting suppliers carefully (4)Buying raw material locally A. An item which has an elasticity greater than one is price insensitive B. D. C. An extrovert by nature. ___________. D. Which of the following does the above control relate to? A. B. C. D. C. 3 and 4 1 and 2 only 1 and 3 only 36. his attention span is short and he tends to become less involved in a task once his initial interest has passed. C. What is the responsibility of a Public Oversight Board? A. According to Belbin's team roles theory. D. B. B. Distribution Credit limits Goods inwards Quality management 41. B. he is curious and communicative. ___________ and net gains from international trade. D. Richard displays the characteristics of which of the following? A. Richard is a highly enthusiastic member of his team. If demand for an item is inelastic and its price falls. Resource-investigator Company worker Monitor-evaluator Plant 39. The aggregate level of demand in the economy is made up of government expenditure. C. C. B. 2 and 4 only 1. However. Which of the following types of new legislation would provide greater employment opportunities in large companies? A. New laws to prevent discrimination in the workplace New laws on higher compensation for employer breaches of employment contracts New laws making it more difficult to dismiss employees unfairly New laws on health and safety 37. Which TWO of the following correctly complete the sentence above? A. B. James conducts a systematic review of suppliers' delivery notes. total revenue will decrease .

C. In the last month. The minimum acceptable standards of behaviour and conduct of employees The generally accepted standards by other companies operating in the same sector The main issues of concern to customers who have made complaints The legal requirements affecting the sales of core products and services 43. Which of the following is MOST important when deciding on the content of the proposed code of ethics? A. Which of the following would be acting in the public interest? (1)An auditor publicly disclosing the identity of a whistleblower at a client organisation (2)An employee at an airline company reporting unsafe working practices to an air industry regulator (3)An auditor of a charity reporting a material fraud (4)An accountant at a listed company reporting illegal accounting to a stock exchange regulator . B. Norming Forming Storming Performing 45. What phenomenon is IIya experiencing? A. Which of the following is a DISADVANTAGE of using a committee rather than an individual to make a decision? A. B. FKT Company is considering the introduction of a code of ethics following media criticism of its selling practices. C.D. C. He is also the head of studies responsible for the recruitment and appraisal of lecturing and administration staff. In the context of fraud. IIya is the union representative at Acorn college. Role duplication Role overlap Role conflict Role ambiguity 44. B. Which of Tuckman's group stages will now occur? A. It is defined as the percentage change in price divided by percentage change in demand 42. Segregation of duties in critical areas Identification of areas of potential risk Recruitment policy and checks on new personnel Devising of appropriate sanctions for inappropriate behaviour 47. Unsupported decisions Unworkable decisions Autocratic decisions Slower decisions 48. 'teeming and lading' is MOST likely to occur in which area of operation? A. Which of the following should be considered first in order to establish an effective internal control system that will minimise the prospect of fraud? A. two have left to pursue alternative jobs and one has commenced maternity leave. D. The union is in dispute with the government over teaching salaries and staffing levels. Sales Quality control Despatch Advertising and promotion 46. B. C. C. Three new staff members have joined Jackie's team. D. C. B. D. D. B. D. D. Jackie leads an established team of six workers.

D. B.A. B. B. The following activities are legal or illegal: (1)Tax avoidance (2)Tax evasion Which of the above activities are legal? A. According to Victor Vroom: Force (or motivation) = _________ x __________ Which TWO of the following words complete Vroom's equation? A. 3 and 4 2 and 4 only 1. C. C. 1 only 2 only Neither activity Both activities 50. Valence Opportunity Needs Expectancy . 1 and 3 only 2. C. 2 and 3 49. D. D.