ACCA F1 BT Exam Kit PDF

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ACCA F1 BT exam kit...

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Question Bank ACCA Business and Technology (BT) From September 2020

ii I n tr od u ction

No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of First Intuition Ltd. Any unauthorised reproduction or distribution in any form is strictly prohibited as breach of copyright and may be punishable by law. We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions and model answers. Additional comments and guidance have been prepared by First Intuition Ltd. © First Intuition Ltd, 2020 APRIL 2020 RELEASE

A CCA BT Q uest ion Bank

ACCA BT Que st ion Bank

I n t r od u ction

How to use thi s Question Ba nk

1 QUESTION PRACTICE IS KEY TO SUCCESS This Question Bank has been written to help you pass Business and Technology (BT).

Targeted question practice In the first section there are banks of questions based around each chapter of the Course Notes. The number of questions reflects the weighting of the topic to the syllabus. You should attempt to do all the questions before attempting the mock assessments at the end.

Do the practice exam and the mock assessments The importance of question practice cannot be underestimated and you should attempt the mocks under assessment conditions. For this paper you have two hours to answer 46 questions in section A and 4 questions in section B. It is vital you stick to the time allocation and answer every question. The types of question that may be included are as follows:

Multiple Choice

Number Entry

You are required to choose one answer from a list of options by clicking on the appropriate radio button You are required to select more than one response from the options provided by clicking the appropriate tick boxes You are required to select a response to a number of related statements by clicking on the radio button which corresponds to the appropriate response for each statement You are required to key in a numerical response to the question

Gapfill

You are required to enter answers into blank areas

Hot Spot

You are required to choose one or more answers by clicking on the appropriate hotspot area/ areas on an image

Multiple Response Multiple Response Matching

OT

MTQ











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  

  

A wide representation of the above types of question are included in this Question Bank.

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iv I n t r od u ct ion

ACC A BT Que st ion Bank

Contents Page ref Chapter / Syllabus area

Number of OT questions

1

Organisations, stakeholders and the business environment

1

Multi task questions

2

The macro-economic environment

2

Multi task questions

3

The micro-economic environment

3

Multi task questions

4 4

Organisational structure Multi task questions

14

5

Organisational culture and committees

12

5

Multi task questions

6

Governance and social responsibility

6

Multi task questions

7

Systems, controls and compliance Multi task questions

6

8

Control, security and audit

24

8

Multi task questions

9

Identifying and preventing fraud

9

Multi task questions

10

Leading and managing individuals and teams

10

Multi task questions

7

(1) Recruitment and selection

No of Multi task questions

Q

A

1

109

6

112

11

115

14

116

15

117

4

22

120

5

26 29

122 124

33

127

36

128

38

130

40

131

42

133

44

133

45

134

50

137

54

140

58

142

60

143

63

145

65

146

22

6 12 1 23

3 10 3

1

5 16 2 14 3 15

ACCA BT Que st ion Bank

I n t r od u ction

Page ref Chapter / Syllabus area

Number of OT questions

(1) Multi task questions (2) Diversity and equal opportunities

3 8

(2) Multi task questions 11 11

Individuals, groups and teams Multi task questions (1) Motivating individuals and groups

1 14 4 18

(1) Multi task questions 12

Training and development

12

Multi task questions

No of Multi task questions

3 15 3

Q

A

68

148

70

150

72

151

73

152

77

154

80

156

84

158

86

160

90

162

(1) Performance appraisal

11

92

164

13

Personal effectiveness and communication

14

95

166

13

Multi task questions

98

168

14

Professional ethics

102

171

14

Multi task questions

105

173

177

193

4 11 5

Practice exam questions and answers Practice exam 46 objective test questions covering all areas of the syllabus, plus 6 multi task questions

Mock exam A full exam to practise is provided. Question practice, under assessment conditions, is vital to passing this exam.

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vi I n tr od u ction

ACCA BT Quest ion Bank

ACCA BT Q uest i on Bank

1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

1

Cha pter 1: Org a nisa tio ns, sta ke hol ders a nd t he b u si n e ss env ironm ent

Objective test questions 1

Which of the following statements are true? I II III

Public companies are owned by the Government. Legal entities owned by private owners are known as limited companies. Organisations can achieve results which cannot be achieved by individuals.

   

I only II only III only I, II and III 2 marks)

2

An independent voluntary association of people who act together for some common purpose (which does not include making money) is known as:    

A Co-operative A Partnership A Limited Company A Non-Governmental Organisation (2 marks)

3

A private sector organisation is owned by:    

The Government The shareholders of the organisation The stakeholders of the organisation The employees of the organisation (2 marks)

4

Who is a ‘connected stakeholder’?    

An employee of a company The Government A manager of a company The customers of a company (2 marks)

5

Stakeholders who have a contractual relationship with an organisation are known as:   

Primary stakeholders Secondary stakeholders External stakeholders (1 mark)

2 1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t 6

ACCA BT Quest ion Bank

Emvision is a business entity run by Peter Watkins. Peter makes all the decisions relating to the entity and should it fail, will be personally responsible for its debts. Which of the following describes what sort of business Emvision is?   

Non-Governmental Organisation Private Limited Company Sole trader (1 mark)

7

How is the term ‘synergy’ best described?    

8

When individuals work together they achieve more than when the same individuals work on their own. When individuals work on their own they achieve more than when the same individuals work together. When individuals use more energy they achieve more. When groups of individuals use more energy, they achieve more. (2 marks)

According to Mendelow’s Matrix, stakeholders in which segment should be kept satisfied?    

Segment A – high level of interest, high power Segment B – low level of interest, high power Segment C – high level of interest, low power Segment D – low level of interest, low power (2 marks)

9

Which TWO of the following are NOT internal stakeholders of an organisation? Managers



Suppliers



Employees



Shareholders



(2 marks)

10

According to Mendelow, which group of stakeholders must companies keep satisfied?    

Those with little power and little interest in the company Those with a high level of power but little interest in the company Those with little power but a high level of interest in the company Those with a high level of power and a high level of interest in the company (2 marks)

ACCA BT Q uest i on Bank

11

1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

3

An organisation that is accountable to the Government, has a potentially unlimited demand for its services and can obtain its funds by raising taxes is known as what?   

Public sector organisation Co-operative Partnership (1 mark)

12

According to Mendelow’s matrix, how should stakeholders who have a high level of power and a high level of interest be treated?    

Keep satisfied Consult/inform Involve Ignore (2 marks)

13

Identify which TWO of the following statements are true. 

SMART analysis is a model that is concerned with the general environmental influences on a business Money that is given in exchange for goods and services is known as consideration



Employees and shareholders are internal stakeholders of an organisation



Resources available to public sector organisations are limited



(2 marks) 14

What is the name of the framework that is concerned with the general ‘environmental’ influences on a business?   

INITIAL analysis SMART analysis PEST analysis (1 mark)

15

Under contract law, money that is given in exchange for goods and services is known as:   

Agreement Consideration Financial (1 mark)

4 1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t 16

ACCA BT Quest ion Bank

Jane has an employment contract that requires her to give two months’ notice of her intention to leave Ray Limited and that they give her a similar period of notice should they wish to terminate her employment. One Friday afternoon, Jane is called into her manager’s office and told that her job no longer exists and she will no longer be required. He also tells her that she will receive one month’s pay in lieu of notice. What sort of breach of contract law has taken place here?    

Unfair dismissal Contractual dismissal Dismissal without notice Wrongful dismissal (2 marks)

17

Which of the following equations sums up the basics of contract law most accurately?    

Contract = Offer + Agreement Acceptance = Agreement + Offer Agreement = Offer + Acceptance Offer = Agreement + Acceptance (2 marks)

18

The term commonly used to describe the impact that an organisation’s activities have on the environment is:   

Environmental pollution Environmental depletion Environmental footprint (1 mark)

19

The Data Protection Act 2015 regulates how personal information is used and protects individuals from misuse of personal details. Which TWO of the following are NOT requirements of the Act? Regulated personal information should be kept longer than necessary



Regulated personal information should be processed for unlimited purposes



Regulated personal information should not be transferred abroad without adequate protection



Regulated personal information should be adequate, relevant and not excessive



(2 marks) 20

Which of the following is NOT an advantage of outsourcing?    

Economies of scale Flexibility It encourages employees to keep up-to-date with new developments in their industry It can remove uncertainty about cost (2 marks)

ACCA BT Q uest i on Bank

21

1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

5

Olga bought a ‘Happy Cook’ cast-iron pan from Barters Ltd, but when she unpacked it at home, she saw that the wooden handle was broken. The next day, she returned to the store where she bought it and asked for a full refund. The sales assistant refused to give a refund, her reason being that it was the responsibility of ‘Happy Cook’ to sort out the problem. Which of the following answers best describes what should happen if the law is being followed?    

‘Happy Cook’ is responsible for giving Olga a full refund. Barters Ltd are responsible for giving Olga a full refund. ‘Happy Cook’ is responsible for giving Olga a partial refund. Barters Ltd are responsible for giving Olga a partial refund. (2 marks)

22

A PESTEL analysis is a useful way of understanding the external environment in which a business or organisation is operating. Which ONE of the following is an example of a social or demographic factor that can influence or constrain a business? Increasing globalisation



Changes in taxation levels



An aging population



(1 mark)

6 1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

ACCA BT Quest ion Bank

Multi task questions QUESTION ONE Task 1 Which of the following statements relating to redundancy is true?    

Employees must have a minimum of one year’s service to qualify for redundancy. If an employer needs fewer workers at a new location, then this will be fair dismissal or redundancy of the employees concerned. Employees must be under 65 years old in order to take redundancy. Pregnant employees cannot take redundancy because they will receive maternity benefit instead. (2 marks)

Task 2 Identify whether or not it is unlawful to discriminate against someone on the grounds of the following characteristics. Unlawful 

Not unlawful 

Age





Nationality





Religion





Gender

(2 marks) (Total = 4 marks)

QUESTION TWO Background M Co has decided to outsource its IT support to N Co. Task 1 Identify which TWO of the following are disadvantages for M Co as a result of this decision.    

M Co will become a more complex organisation. Urgent IT issues at M Co may not be resolved as quickly. Ongoing IT costs of M Co may increase. Longer-term contracts with N Co will be prone to disruption. (2 marks)

ACCA BT Q uest i on Bank

1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

7

Task 2 Fill in the gaps in the guidance about the Data Protection Act from the words listed below. The Data Protection Act applies to organisations that hold personal data about data 1 _____. The Act requires that information that is held about individuals should be 2 ____, 3 _____ and 4 ______. (1)  

subjects users

 

adequate sufficient

 

reasonable relevant

 

comprehensive not excessive

(2)

(3)

(4)

(2 marks) (Total = 4 marks)

QUESTION THREE Background Amberley plc has identified the following as possibly significant stakeholders. Task 1 Identify which FOUR of the following stakeholders are connected stakeholders.    

   

Pratish Gill, the company’s Chief Executive Pulborough plc, a major customer Petworth Limited, the Amberley’s principal supplier The Royal Welsh Bank, which made a 10-year $1 million loan to Amberley five years ago. This loan is secured against Amberley’s property. Amberley has met all of its commitments in the loan agreement. Brenda Towers, the MP in whose constituency Amberley’s head office is located Byworth Limited, a small business located next door to Amberley’s principal storage depot. Amberley has generally maintained good relations with Byworth. Greenspace, a local pressure group concerned about Amberley’s activities Elm Lodge Mutual Fund, an institutional shareholder that has just purchased 10% of Amberley’s share capital (2 marks)

8 1: O r g an i sation s, stake h old e r s an d th e b u sin e ss e n vir on m e n t

ACCA BT Quest ion Bank

Task 2 Use Mendelow’s classification to assess the importance of the following stakeholders, complete the table by using the words High and Low. Power

Interest

Greenspace Elm Lodge Mutual Fund Byworth Limited The Royal Welsh Bank

(2 marks) (Total = 4 marks)

QUESTION FOUR Background There are a number of ways of classifying stakeholders, including whether the organisation needs their support to continue in business and whether their involvement with the organisation is voluntary or involuntary (meaning that the stakeholders cannot withdraw from the relationship themselves). Fulchester Rovers football club is seeking to build a new football ground on some open land at the edge of Fulchester, to meet the requirements imposed by the football authorities that govern the league in which Fulchester Rovers plays. The plan is controversial, as environmental pressure groups claim that local wildlife will be disturbed. Fulchester Rovers’ fans are also unhappy because of the poor transport links to the ground. Task 1 Match the following groups of stakeholders with the principal objective that they are likely to have. Employees 

Suppliers 

Shareholders 

Fans 

Quality of football









Prompt payment for goods









Security of tenure









High earnings growth

(2 marks) Task 2 Classify the following stakeholder groups according to whether Fulchester Rovers needs their ...