This is ACCA F1 (BT/FBT) Business and Technology multiple-choice questions (MCQs).

These multiple-choice questions (MCQs) are designed to help ACCA F1 students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

Students should not attempt these MCQs until they have finished the entire chapter.
All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F1 (BT/FBT) exam.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT/FBT
Chapter: Corporate governance and social responsibility
Chapter Number: 08 of the Practice and Exam Kit; and 13 of the Study Text
Syllabus Area: B – Business organisation structure, functions and governance
Questions Type: MCQs
Exam Section: Section A

Number of the Questions

There are 12 Questions in this Online F1 MCQ Test that cover Chapter 8, Corporate governance and social responsibility of ACCA F1 (BT/FBT) Business and Technology Module.

Time

These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.

Result

Students will get their F1 CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all answers that seem correct or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)”.
Dropdown: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

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2 votes, 5 avg

145

F1 - Chapter 8 - Part B - Corporate Governance and Social Responsibility

Course: ACCA (The Associations Of Chartered Certified Accountants)
Module: F1 - Business and Technology (BT/FBT)
Chapter: Corporate Governance and Social Responsibility
Syllabus Area: (B) - Business Organisation Structure, Functions, And Governance
Exam Section: A
Questions: Chapter 08 Questions
Number Of Questions: 12
Time Limit: No Time Limit
Result: You will able to see at the end of the quiz along with the Correct and Incorrect Answers.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those options that seem correct or incorrect to you as per the requirements of the question. (Wording: select all those that are correct.)
Dropdown: Select from the list provided.
Type: Type your answer in numbers as per the requirement of the question.

1 / 12

Which of the following is a feature of poor corporate governance?

Domination of the board by a single individual

Critical questioning of senior managers by external auditors

Lack of focus on short-term profitability

Supervision of staff in key roles

2 / 12

The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan?

The board of directors

The nomination committee

The audit committee

The Public Oversight Board

3 / 12

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

Employment protection

Corporate governance

Corporate social responsibility

4 / 12

Which of the following statements about corporate social responsibility is/are 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

(ii) and (iv)

(i), (ii), (iii) and (iv)

(i) and (iii)

(iii) only

5 / 12

Who should set directors' reward and incentive packages, according to corporate governance provisions?

The nomination committee

The board of directors

A remuneration committee made up of independent non-executive directors

6 / 12

Michael has been asked to prepare a presentation for the company directors on good corporate governance. Which of the following is NOT appropriate for him to include in his presentation?

Maximising shareholder wealth

Risk management

Internal controls

Accountability to stakeholders

7 / 12

What is the purpose of an Operating and Financial Review (OFR)?

To set out the directors' analysis of the business, in order to provide investors with a historical and prospective view through the eyes of management.

To provide a statement that the company is a going concern.

To provide the board of directors with a narrative statement by the audit committee of its findings on the efficacy of internal operational and financial controls.

8 / 12

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

(i) only

(i), (ii) and (iv) only

(ii), (iii) and (iv) only

(ii) and (iii) only

9 / 12

In most countries, what is the usual purpose of codes of practice on corporate governance?

To provide guidance on the standards of the best practice that companies should adopt

To provide a comprehensive framework for management and administration

To set down detailed rules to regulate the ways in which companies must operate

To establish legally binding requirements to which all companies must adhere

10 / 12

Corporate governance is essentially of what significance?

Risk management

Strategic importance

Control system

11 / 12

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 theories describes the approach to governance that Zip Co is using?

Stakeholder theory

Agency theory

Stewardship theory

12 / 12

Which of the following are advantages of having non-executive directors on the company board?

They can provide a wider perspective than executive directors.
They provide reassurance to shareholders.
They may have external experience and knowledge which executive directors do not possess.
They have more time to devote to the role.

1 and 3

1, 2 and 3

1, 3 and 4

2 and 4

Your score is

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F1 (BT) – Chapter 8 MCQ’s (Corporate governance and social responsibility) – ACCA

INFORMATION ABOUT THESE MCQs Test

Number of the Questions

Time

Result

Types of Questions

Types of Questions

Which of the following is a feature of poor corporate governance?

The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan?

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

Who should set directors' reward and incentive packages, according to corporate governance provisions?

Michael has been asked to prepare a presentation for the company directors on good corporate governance. Which of the following is NOT appropriate for him to include in his presentation?

What is the purpose of an Operating and Financial Review (OFR)?

In most countries, what is the usual purpose of codes of practice on corporate governance?

Corporate governance is essentially of what significance?

More F1 (BT/FBT) MCQs

F1 (BT) – Chapter 18 MCQ’s (Individuals, groups and teams) – ACCA

F1 (BT) – Chapter 10 MCQ’s (The role of accounting) – ACCA

F1 (BT) – Chapter 11 MCQ’s (Control, security and audit) – ACCA

F1 (BT) – Chapter 22 – PART D – MCQ’s and OTQs – ACCA

F1 (BT) – Chapter 21 MCQ’s (Performance appraisal) – ACCA

F1 (BT) – Chapter 17 MCQ’s (Diversity and equal opportunities) – ACCA

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INFORMATION ABOUT THESE MCQs Test

Number of the Questions

Time

Result

Types of Questions

Types of Questions

Which of the following is a feature of poor corporate governance?

The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan?

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

Who should set directors' reward and incentive packages, according to corporate governance provisions?

Michael has been asked to prepare a presentation for the company directors on good corporate governance. Which of the following is NOT appropriate for him to include in his presentation?

What is the purpose of an Operating and Financial Review (OFR)?

In most countries, what is the usual purpose of codes of practice on corporate governance?

Corporate governance is essentially of what significance?

More F1 (BT/FBT) MCQs

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