ACCA AK Business & Technology

Question 1

Which of the following best describes a 'flat' organisational structure?

Accepted Answer

Few levels of hierarchy and wide spans of control

Answer

Many levels of hierarchy and narrow spans of control

Answer

A structure based purely on geographic regions

Answer

A structure with no formal reporting lines

Question 2

Which ethical principle requires a professional accountant to be straightforward and honest in all professional and business relationships?

Accepted Answer

Integrity

Answer

Objectivity

Answer

Confidentiality

Answer

Professional competence

Question 3

A matrix organisational structure is best described as one where:

Accepted Answer

Employees report to both a functional manager and a project manager

Answer

All authority flows from a single chief executive

Answer

Divisions operate as independent profit centres

Answer

Work is organised solely by geographic region

Question 4

Which of the following is a characteristic of a 'tall' organisational structure?

Accepted Answer

Many hierarchical levels

Answer

Wide spans of control

Answer

Decentralised decision-making

Answer

Few management layers

Question 5

Corporate governance primarily refers to:

Accepted Answer

The system by which companies are directed and controlled

Answer

The day-to-day operational management of a company

Answer

The preparation of financial statements

Answer

The marketing strategy of a business

Question 6

Which of the following best describes the role of the internal audit function?

Accepted Answer

To provide independent assurance that an organisation's risk management and governance processes are operating effectively

Answer

To express an opinion on the truth and fairness of financial statements

Answer

To prepare management accounts for internal use

Answer

To ensure all tax returns are filed on time