F1 - (BT) - MCQ's Quiz - #1 | ACCA

This is Quiz #1 for ACCA F1 (BT/FBT) Business and Technology Students.

These Quizzes are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce the exam stress and students will able to prepare better.

We request the students, do not take the quiz until they have finished the syllabus.

All the questions are compulsory, so do not skip any.

Number of the Questions

This Quiz consists of 20 Questions which covers the entire F1 (BT/FBT) syllabus.

Time

The Quiz have a timer. Students have to finish the quiz within the given time period.
As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete. The Quiz have 20 questions, so Students have total 72 minutes to complete the quiz.

Result

Students can see your result at the end of the quiz further the correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

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

Keywords

8 votes, 3.9 avg

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F1 - BT - Quiz #1

You have 20 Questions to complete within 72 minutes (1 hour and 12 minutes).
You will see the Result at the end of the quiz.

Types of Questions

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

Please Write Your Name!

1 / 20

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

To assist management in the preparation of the company's periodic financial statements

To prevent and detect fraud within the company

To examine and express an opinion on the company's periodic financial statements

2 / 20

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

Directors are accountable to shareholders

Auditors are the agents of shareholders

Auditors report to shareholders on the financial statements prepared by directors

Shareholders are accountable to auditors

3 / 20

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

4 / 20

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

What are they?

Dishonesty, motivation and opportunity

Deception, motivation and opportunity

Dishonesty, criminality and opportunity

Deception, criminality and opportunity

5 / 20

5. 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)

Committees and reports slow down the decision-making process

It relies on the expertise of its members – not through standardised skills but by the importance of the mix of skills

Over-prescriptive rules produce a simplistic approach to problems

Innovation is difficult

6 / 20

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

The audit committee

The non-executive directors

The board of directors

7 / 20

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

Better crisis management

Improves the motivation of junior managers

Reductions in bureaucracy

8 / 20

8. 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)

Relevant

Comprehensive

Accurate

Authoritative

9 / 20

9. 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?

Victimisation

Direct discrimination

Indirect discrimination

10 / 20

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

11 / 20

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

Recording staff salaries

Seeking prompt payment from customers

Processing expense claims

Managing the prompt payment of suppliers

12 / 20

12. A narrow span of control would be suitable where

The team is not dispersed across a wide area

The team is very experienced

There is little similarity between team members' work

The work is of a routine nature

13 / 20

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

Is this statement correct?

Yes, always

Internal auditors are not independent and so cannot be relied upon

External auditors need to assess the work of internal audit first

14 / 20

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

Hardware purchase costs
Routine system maintenance costs
Software purchase costs
Installation costs

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

(i), (ii) and (iii) only

(i), (iii) and (iv) only

(ii) and (iv) only

15 / 20

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

To pay employee salaries

To estimate how much to spend on production

To provide information to external auditors

To record financial information

16 / 20

16. 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)

The user is dependent on the supplier for maintenance of the package

It may introduce bugs that do not exist in the standard version

The company will not be able to buy 'add-ons' to the basic package

It may delay delivery of the software

17 / 20

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

Improved communications

Employee motivation

Greater flexibility

Dual authority

18 / 20

18. 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?

Independence of the non-executive directors

New legislation coming into effect in six months' time

Activities of overseas competitors

Interest rates

19 / 20

19. Who appoints external auditors?

Finance director

Shareholders

Chairman

20 / 20

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

When a system is closed it is:

Incapable of further technical enhancement

Protected from unauthorised access

Isolated from its external environment

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F1 – (BT) – MCQ’s Quiz – #1 | ACCA

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Types of Questions

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Number of the Questions

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