FIA ACCA

MOCK EXAM 2 // QUESTIONS
12 Homer and Marge work for similar companies but at Marge's company a mechanistic system of
management exists, in contrast to the organic approach at Homer’s firm. They are discussing some of
the characteristics of each system, which are outlined below.
(i)
(ii)
(iii)
(iv)
Managers are responsible for co-ordinating tasks
Insistence on loyalty to the organisation
Job description are less precise, it is harder to 'pass the buck'.
Hierarchical structure of control in an impersonal organisation
Which three would Marge recognise from her workplace?
A (i), (ii) and (iii)
B (i), (ii) and (iv)
C (ii), (iii) and (iv)
D (i), (iii) and (iv) (2 marks)
13 Individuals may conform with the norms and customs of a group without real commitment. Which of the
following terms describes such behaviour?
A Compliance
B Counter-conformity
C Internalisation
D Identification (2 marks)
14 Which of the following is a negative contribution of the audit committee, in a corporate governance
framework?
A A lack of independence in reviewing the proposed approach of the external auditors
B Acting as a barrier between the main (executive) board and the external auditors
C Not allowing a forum to raise issues of concern (1 mark)
15 Which of the following is a feature of ineffective delegation by a manager?
A
B
C
D
Specifying performance levels and the results expected of the subordinate
Obtaining the subordinate’s agreement with the task and expected results
Ensuring that all the subordinate’s decisions are confirmed or authorised by the superior
Ensuring that the subordinate reports the results of her decisions to the superior
(2 marks)
16 In the context of fraud, which of the following statements is false?
A
B
C
D
Deliberate manipulation of depreciation figures is difficult because of its cash flow effects.
Fraudulently understating expenses will inflate the reported profit figure.
Selling goods to friends (with a promise of buying them back at a later date) is potentially
fraudulent.
Employees within or outside the payroll department can perpetrate payroll fraud.
(2 marks)
17 If you are a team leader, seeking to evaluate the effectiveness of your team, which of the following
criteria should you use?
(i)
(ii)
(iii)
Criteria:
Contribution to organisational objectives
Fulfilment of group task objectives
Satisfaction of the development needs of members
A Criterion (ii) only
B Criteria (i) and (ii) only
C Criteria (ii) and (iii) only
D Criteria (i), (ii) and (iii) (2 marks)
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