In relation to using distributed ledger technology for managing assets and making transactions in these assets ,what is the meaning of the term 'mining'?

Are the following Statements true or false in relation to boundaryless organization?
1.boundaryless organizations are always virtual organizations.   
2.boundaryless organizations may adopt the hollow organizational approach.

An employee has been identified as very good at trying out ideas to see if they work in practice,and aiming to find Improved methods.

Which of honey and Mumford 's learning styles is represented by this employee?

Ochre Co wants to make sure that it produces good quality accounting information.

Which TWO qualifies should Ochre Co ensure its accounting information has?

Reef Company has introduced a shared services approach to the provision of internal IT services.In doing so ,it will reduce staff numbers by 20% .It currently employs IT specialists in each division of the organisation.

Which TWO of the following should Reef Company achieve?

Apart from his main duty an auditor also reviews, identifies and analyses causes of uneconomic and indefficient practices , which might lead to the discovery of poor control systems or to the potential for fraud.

Which type of auditor is being described in the above statement?

Richard purchase 20% of Radar Co's   output.Radar Co is only one of many companies who supply Richard Richard always maintains a degree of competition between suppliers.
As far as radar Co is concerned,how should Richard be categorised under Mendelow's framework?

Analysis is carried out by external auditors which examiners the reasonableness of relationships between items in the financial statements in order to uncover the unusual variations from trends.the procedure is applied to overall financial information.

What type of analysis is being described in the above statement?

An organisation is in a highly competitive market, where technology is changing rapidly.The organisation is mainly run by technology experts and a high degree of co-ordination needs to take place between teams and departments in order to achieve objectives and to maximise flexibility.

Which of Handy's cultural stereotypes is MOST appropriate within the above organisation?

Does the external auditor give an assurance that the financial statements are free from material error?

In Kolb's learning cycle, which stage immediately precedes the active experimentation stage?

Which of the following is the MOST appropriate type of behaviour a person should adopt when attempting to reduce conflict with another person in the workplace?

The following statements are made by the manager in the appraisal interview.

Which purpose of the appraisal process does each statment demonstrate?

1.We need to discuss your unpopularity with several of our suppliers'  

  2.I think you should attend a training course on motivational techniques'

The term hierarchy refers to the distribution of authority, responsibility and accountability.

Which of the following is an essential feature of a hierarchy?

Quartz Co is reviewing and redesigning its reward system

Which TWO of the following are types of extrinsic rewards that Quartz Co could offer?

Which type of controls does an integrity based ethical code rely on?

Which of the following is a distinctive features of a not-for-profit organization?

It has been said that in many countries people consider themselves more as individuals and less as members of established social grouping - for instance age and class grouping.

What will be the impact(s) of this on organizations?

1. They will have to undertake more direct marketing

2. They will have to differentiate their products

3. They will have to focus more on diversity issues

Porter suggested that profit potential of an organisation can be analysed by its ability to manage a number of forces relevant to its competitive environment.

Which of the following is part of his analysis?

Which TWO types of communication network are co-ordinated by a central figure?

According to Schein, an organisation's culture can be analysed over three levels.The third level contains the assumptions on which the culture is built and is invisible.The first and second levels contain aspects of culture which are visible.

Match the level with the aspects of an organisation's culture to which they relate?
1.Value and beliefs

2.Behaviour

In relation to leadership, which TWO of the following are conclusions drawn by Adair?

Eduardo is serious minded, individualistic, unorthodox person. He has been working in an inter- disciplinary team and because of his professional background has been given the job of chairing the team.

The team has encountered major problems with Eduardo.

He has been reluctant to accept the contributions of other team members and has been constantly suggesting innovative ideas . He does not allow time for the discussion of practical, implementation issues.

Using Belbin's classification of team roles , which role BEST describes Eduardo?

Maddox is a team leader in the finance directorate of a not for profit organisation.

He manages a team of three people. He has positive relationship with two of the subordinates. He does, however,have major problems in relating to the third member of the team.

He has tried several ways of overcoming the conflict. Upon seeking advice from a superior he arranges for the person to be transferred to another person.

 Do the following phrases properly describe the situation outlined?

 1.Conflict avoidance   

2.Conflict resolution     

What are the five components of internal controls?

An organisation is controlled by a key central figure, owner or founder. It is a small organisation where people all know each other and get on well.

Which of the following is the culture of the above organisation as recognised by Handy?

Indicate whether the following statements  regarding the impact of information technology on individuals are true or false.

1.Information technology has increased the flexibility of working patterns.                   

2.Information technology has reduced the importance of communication.

Which of the following is normally regarded as a mutual organisation?

Pear partners is a large audit firm in which all associates are expected to complete the ACCA professional qualification. The partners want to make all associates aware of the implications of the ACCA Code of Ethics.

At which of the following stages should associates employed by Pear Partners be advised of their duties under the ACCA Code of Ethics?

Are each of the following roles responsible for providing information that can be used for decision –making
1.Management accountant    
2.Financial accountant

Indicate whether each of the following statements regarding financial considerations of the production is true or false?

   1.Purchasing a new machine will reduce the depreciation expense in the accounts.

2.production planning that increases the utilisation of production facilities will reduce profitability.

3.Selling an asset that is used in production will improve short-term cash flow but may harm long term profitability.

4. Production problems that prevent customer orders being fulfilled will reduce revenue.

The directors at Cascade Co suspect that Ren, their financial accountant, is guilty of fraud.

Which of the following control strategies would reduce Ren's motivation, but not necessarily his opportunity, to commit fraud?

Satyr Co imports goods into the UK from the USA. What impact would a stronger British pound relative to the US dollar have on the cost of these imports to Satyr Co?

Organisation may be categorised as production orientated or marketing orientated.

Which of the following is a financial consideration of a marketing manager in a business that follows a marketing orientation?

Which of the following circumstances are recognised threats to ethical behaviour?

(1) Lack of clarity on expected organisational standards.

(2) Pressure to maintain share value in the short term.

(3) Employing poorly qualified staff.  

A company is transparent in its communications with the outside world.

Which of the following established categories of ethical behaviour does this represent?

An example of financial technology (fintech)  that has affected accountants and auditors is automation

Which of the following is an example of how automation has affected accountants and auditors?

Which management tool will provide a blueprint for staff development to improve performance in the future?

Country A has a buoyant economy which has led to a rapid increase in aggregate demand. At the same time average national wages have increased significantly. Country A imports a large proportion of its raw material requirements and its currency has strengthened against others. Economists expect that the increase in demand is a short term effect.

Which TWO of the factors described above will lead to inflation?

Perception and attitude are two aspects that affect the behaviour of individual

Identify whether the following statements relate to perception or attitude?

1.The individual dislike change                                                      

2.The individual believes their colleagues are competent

Which of the following statements defines the main purpose of a corporate code of ethics?

Which of the following is NOT generally considered to be an advantage of decision making by committee compared with decision making by one person?

With reference to the learning styles theory of Honey and Mumford,Which learning styles is favoured by each of the following employees?

 1.Employee 1 likes to learn through teamwork and role - playing.            

 2.Employee 2 prefers to try out what she has learned and see if it works in practice.

There are many different types of organisations and they all exist to achieve a purpose.People join organisations because they can achieve more by co- operating with others than they can on their own.A formal organisation comes into being when people

1.are willing to contribute to a common purpose

2. Communicate with each other

Is each of the following statements about formal organisations true or false?

1.They are always based at a location such as a factory or office            

2.They are concerned with improving performance

3.They have systems and procedures

4.They are concerned with a single objective

Chill soaps Co produces high quality scented soaps.To date,the company has relied on word-of-mouth and social media recommendation to spread awareness of the company's products.The company now wishes to take a more formal approach to marketing and has employed a marketing manager,who is preparing a marketing plan.

The marketing manager believes that if chill soaps Co adopts a marketing orientation, sales will grow very quickly.

Which of the following describe a marketing orientation?

Chill soaps Co produces high quality scented soaps.To date,the company has relied on word-of-mouth and social media recommendation to spread awareness of the company's products.The company now wishes to take a more formal approach to marketing and has employed a marketing manager,who is preparing a marketing plan.
The plan that the marketing manager of chill soaps Co is preparing will cover the marketing mix.

Which FOUR of the following are the elements of the marketing mix know as 'the 4Ps'?

Herbert is a criminal and has a lot of cash from recent illegal transactions.Herbert gives some of the cash to his friend,Andrea , asking her to look after it for a while.Andrea knows exactly where the money has come from.

Herbert also asks his friend Jason to hold onto some of the money.He tells Jason that the money did not come from an illegal source,but that he cannot use his own bank account due to a technical error.Jason Knows that, Herbert had a history of criminal dealing and suspects that this is where the money has come from.

Which of Herbert, Andrea and Jason are guilty of a money laundering offence?.

Herbert is a criminal and has a lot of cash from recent illegal transactions.Herbert gives some of the cash to his friend,Andrea , asking her to look after it for a while.Andrea knows exactly where the money has come from.

Herbert also asks his friend Jason to hold onto some of the money.He tells Jason that the money did not come from an illegal source,but that he cannot use his own bank account due to a technical error.Jason Knows that, Herbert had a history of criminal dealing and suspects that this is where the money has come from.
In a meeting with his banker and his accountant , Herbert accidentally reveals the source of his cash. The banker Decides that since Herbert is a valued customer of the bank and the meeting was private,he will ignore the revelation and not report it to anyone,The accountant decides he must report the revelation to the authorities ,and does so immediately after the meeting, having told Herbert he would do just this.

Which of the above parties,apart from Herbert would be guilty of a money laundering offence?