F1 – (BT) – MCQ’s Quiz – #1 | ACCA

1. Many organisations are described as bureaucratic. When the team, was first coined, bureaucracy was regarded as being highly efficient and there are still cases where a bureaucratic approach is appropriate. However, bureaucracy has some undesirable features.

Which of the following are undesirable features of bureaucracy? (select those which are correct)

2. In the short run, firms will continue to supply customers provided that they cover ____

3. Which of the following is NOT an advantage of a matrix structure?

4. Which of the following costs, in regards to an information system, are capital costs?

1. Hardware purchase costs
2. Routine system maintenance costs
3. Software purchase costs
4. Installation costs

5. A narrow span of control would be suitable where

6. A company has placed a job advertisement for a full time employee and a part time employee. The part time employee's terms are less favourable than the full-time employee's terms. What type of discrimination is this?

7. What is the main focus and role of the accounting function?

8. Who appoints external auditors?

9. A record showing who has accessed a computer system is called:

10. Which of the following is a benefit of decentralisation?

11. How might the purchasing manager work closely with the accounting function?

12. Mr. Warner, your department manager, is weighing up the benefits and disadvantages of off-the-shelf packages that have been customised so that they fit the organisation's specific requirements.

Which of the following options are disadvantages of customisation? (select those which are correct)

13. Which of the following statements correctly describes the principal purpose of the external audit of a company within the UK?

14. Which of the following parties has the main responsibility for good corporate governance?

15. 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?

16. Which of the following statements is NOT true in respect of the relationships between directors, shareholders and auditors?

17. There are three broad pre-requisites or 'pre-conditions' that must exist in order to make fraud a possibility.

What are they?

18. Systems are sometimes described as either open or closed.

When a system is closed it is:

19. External auditors may place reliance on internal auditors' work.

Is this statement correct?

20. Alf Sparks is a manager of a small team designing and building a new management information system.
The various levels of management that will be using the system will all have different information requirements but the qualities of good information are the same at each level. He is describing these qualities to his team.

Which of the following would be included in his explanation? (select those which are correct)