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1、Accountant in Business (2)Fundamentals Pilot Paper Knowledge moduleAccountant in BusinessTime allowed: 2 hoursALL FIFTY questions are compulsory and MUST be attempted.Do NOT open this paper until instructed by the supervisor.This question paper must not be removed from the examination hall.The Assoc
2、iation of Chartered Certified AccountantsPaper F1ALL FIFTY questions are compulsory and MUST be attemptedPlease use the Candidate Registration Sheet provided to indicate your chosen answer to each multiple choice question.1 Span of control is concerned with the number of levels of management in an o
3、rganisation. Is this statement true or false? A True B False (1 mark)2 Which of the following is the main function of marketing?A To maximise sales volumeB To identify and anticipate customer needsC To persuade potential consumers to convert latent demand into expenditureD To identify suitable outle
4、ts for goods and services supplied (2 marks)3 Which one of the following has become an established best practice in corporate governance in recent years?A An increasingly prominent role for non-executive directorsB An increase in the powers of external auditorsC Greater accountability for directors
5、who are in breach of their fiduciary dutiesD A requirement for all companies to establish an internal audit function (2 marks)4 According to Charles Handys four cultural stereotypes, which of the following organisations would adopt a task culture?A The cost accounting department of a large steel pro
6、ducing companyB The consulting division of a big four accountancy firmC A civil service departmentD A small clothes and design fashion house (2 marks)5 At what stage of the planning process should a company carry out a situation analysis?A When converting strategic objectives into tactical plansB Wh
7、en formulating a mission statementC When validating the effectiveness of plans against outcomesD When formulating strategic objectives (2 marks)6 Which one of the following is potential advantage of decentralisation?A Greater control by senior managementB Risk reduction in relation to operational de
8、cision-makingC More accountability at lower levelsD Consistency of decision-making across the organisation (2 marks) 7 Which one of the following is an example of a internal stakeholder?A A shareholderB An non-executive directorC A managerD A supplier (2 marks)8 According to Mendelow, companies must
9、 pay most attention to the needs of which group of stakeholders?A Those with little power and little interest in the companyB Those with a high level of power but little interest in the companyC Those with little power but a high level of interest in the companyD Those with a high level of power and
10、 a high level of interest in the company (2 marks)9 What is the responsibility of a Public Oversight Board?A The establishment of detailed rules on internal audit proceduresB The commissioning of financial reporting standardsC The creation of legislation relating to accounting standardsD The monitor
11、ing and enforcement of legal and compliance standards (2 marks)10 The ageing population trend in many European countries is caused by a increasing birth rate and an increasing mortality rate. Is this statement true or false? A True B False (1 mark)11 Which one of the following is consistent with a g
12、overnments policy objective to expand the level of economic activity?A An increase in taxationB An increase in interest ratesC An increase in personal savingsD An increase in public expenditure (2 marks)12 Which of the following is the name given to unemployment arising from labour in the market pla
13、ce being of the wrong type or available in the wrong place?A Structural unemploymentB Cyclical unemploymentC Frictional unemploymentD Marginal unemployment (2 marks) 13 When an organisation carries out an environmental scan, it analyses which of the following?A Strengths, weaknesses, opportunities a
14、nd threatsB Political, economic, social and technological factorsC Strategic options and choiceD Inbound and outbound logistics (2 marks)14 Which of the following is data protection legislation primarily designed to protect?A All private individuals and corporate entities on whom only regulated data
15、 is heldB All private individuals on whom only regulated data is heldC All private individuals on whom any data is heldD All private individuals and corporate entities on whom any data is held (2 marks)15 Which of the following types of new legislation would provide greater employment opportunities
16、in large companies?A New laws on health and safetyB New laws to prevent discrimination in the workplaceC New laws making it more difficult to dismiss employees unfairlyD New laws on higher compensation for employer breaches of employment contracts (2 marks)16 The total level of demand in the economy is made up of consumption, _, gov
