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QUESTIONS 7.15 Diane carries out routine processing of invoices in the purchasing department of L Co. Joanne is Diane's supervisor. Lesley is trying to decide how many staff will be needed if some proposed new technology is implemented. Tracey is considering the new work that L Co will be able to offer and the new markets it could enter, once the new technology is well established. Which member of L Co carries out tactical activities? A Diane B Joanne C Lesley D Tracey (2 marks) 7.16 Mr Q is manager of a division which is undergoing a business downturn. He tries to shelter the workforce from the effects of downsizing: taking time for consultation, organising counselling and refusing to institute compulsory redundancies. Which one of the following cultural types identified in the Hofstede model is this manager most likely to represent? A Low power-distance B Low masculinity C Low uncertainty avoidance D High individuality (2 marks) 7.17 Which of the following would not be an objective of stakeholder management in relation to major suppliers? A Continuity of supply B Mutual dependency C Information sharing (1 mark) 7.18 Janet works for a toy company called K Co. She telephones Mary at P Co on a daily basis to order parts. Janet has no contact with customers but does deal with complaint letters from D Group, an organisation against slave labour. D Group believe that K Co use slave labour in the toy manufacturing factories. Which of the following are internal stakeholders of K Co? A Janet only B Janet and Mary at P Co C Janet and D Group D Janet, Mary and D Group (2 marks) 7.19 Josina has been appointed Chair of a remuneration committee. She is responsible for which one of the following duties? A Fixing the date and time of the next meeting B Giving a ruling on matters in dispute C Taking notes during the meeting (1 mark) 7.20 Ali is responsible for preparing and issuing documents prior to a meeting, then acting on and communicating decisions following the meeting. What is his role? A Committee secretary B Committee member C Committee Chair (1 mark) (Total = 33 marks) http://freeaccastudymaterial.blogspot.com/ 23
24 FAB/F1 ACCOUNTANT IN BUSINESS 8 Corporate governance and social responsibility 25 mins 8.1 Which of the following statements about corporate social responsibility is true? (i) (ii) (iii) (iv) CSR guarantees increased profit levels CSR adds cost to organisational activities and reduces profit levels Social responsibility may have commercial benefits Social responsibility is a concern confined to business organisations A (i), (ii), (iii) and (iv) B (i) and (iii) C (ii) and (iv) D (iii) only (2 marks) 8.2 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 best describes the approach to governance that Zip Co is using? A Stewardship theory B Agency theory C Stakeholder theory (1 mark) 8.3 Michael has been asked to prepare a presentation for the company directors on good corporate governance. Which one of the following is he likely to exclude from his presentation? A Risk management B Internal controls C Maximising shareholder wealth D Accountability to stakeholders (2 marks) 8.4 Corporate governance is essentially of what significance? A Control system B Strategic importance C Risk management (1 mark) 8.5 Which of the following is a feature of poor corporate governance? A Domination of the board by a single individual B Critical questioning of senior managers by external auditors C Supervision of staff in key roles D Lack of focus on short-term profitability (2 marks) 8.6 The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan? A The audit committee B The Public Oversight Board C The board of directors D The nomination committee (2 marks) http://freeaccastudymaterial.blogspot.com/
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