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

6 votes, 3.5 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. 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

It may delay delivery of the software

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

2 / 20

2. 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

Dishonesty, criminality and opportunity

Deception, criminality and opportunity

Deception, motivation and opportunity

3 / 20

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

The non-executive directors

The board of directors

The audit committee

4 / 20

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

To prevent and detect fraud within the company

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

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

5 / 20

5. Who appoints external auditors?

Shareholders

Finance director

Chairman

6 / 20

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

To estimate how much to spend on production

To record financial information

To pay employee salaries

To provide information to external auditors

7 / 20

7. 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

(ii) and (iv) only

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

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

8 / 20

8. 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?

Interest rates

Independence of the non-executive directors

Activities of overseas competitors

New legislation coming into effect in six months' time

9 / 20

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

10 / 20

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

Managing the prompt payment of suppliers

Seeking prompt payment from customers

Recording staff salaries

Processing expense claims

11 / 20

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

Is this statement correct?

Yes, always

External auditors need to assess the work of internal audit first

Internal auditors are not independent and so cannot be relied upon

12 / 20

12. 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?

Indirect discrimination

Direct discrimination

Victimisation

13 / 20

13. 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)

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

Innovation is difficult

Committees and reports slow down the decision-making process

Over-prescriptive rules produce a simplistic approach to problems

14 / 20

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

Reductions in bureaucracy

Improves the motivation of junior managers

Better crisis management

15 / 20

15. 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)

Authoritative

Relevant

Comprehensive

Accurate

16 / 20

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

Auditors report to shareholders on the financial statements prepared by directors

Shareholders are accountable to auditors

Directors are accountable to shareholders

Auditors are the agents of shareholders

17 / 20

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

When a system is closed it is:

Incapable of further technical enhancement

Isolated from its external environment

Protected from unauthorised access

18 / 20

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

19 / 20

19. A narrow span of control would be suitable where

The team is very experienced

The team is not dispersed across a wide area

The work is of a routine nature

There is little similarity between team members' work

20 / 20

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

Improved communications

Dual authority

Greater flexibility

Employee motivation

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F1 – (BT) – MCQ’s Quiz – #1 | ACCA

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