F1 (BT) – Chapter 8 MCQ’s (Corporate governance and social responsibility) – ACCA

Business-Students.net
October 4, 2022
ACCA, Business and Technology, F1, FIA, MCQs

These are ACCA F1 (BT/FBT) Business and Technology MCQs for Chapter; Corporate governance and social responsibility.

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have finished the entire chapter “Corporate governance and social responsibility”.

All the questions are compulsory, so do not skip any.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT
Chapter: Corporate governance and social responsibility
Chapter Number: 8 of the Practice and Exam Kit; and 13 of the Study Text
Syllabus Area: B – Business organisation structure, functions and governance
Questions Type: MCQs
Exam Section: Section A

Number of the Questions

These MCQs Test consist of 12 Questions that covers the Chapter; Corporate governance and social responsibility of ACCA F1 (BT) Business and Technology Module.

Time

These MCQs have a deadline. Students have to finish the Test within the given time period so Students can get used to finishing the Exam in time.

As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete.

This Test includes some MCQs that worth 2 marks and some worth 1 Mark. We therefore giving an average time to complete the Test.

This Test has 12 questions, so Students have total 24 minutes to complete the Test.

Result

Students can see their result at the end of the test. Further, the correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seems to you correct/ or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

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F1 - Chapter 8 - Part B Test - MCQs and MTQs

1 / 12

Michael has been asked to prepare a presentation for the company directors on good corporate governance. Which of the following is NOT appropriate for him to include in his presentation?

Maximising shareholder wealth

Accountability to stakeholders

Internal controls

Risk management

2 / 12

What is the purpose of an Operating and Financial Review (OFR)?

To provide the board of directors with a narrative statement by the audit committee of its findings on the efficacy of internal operational and financial controls.

To set out the directors' analysis of the business, in order to provide investors with a historical and prospective view through the eyes of management.

To provide a statement that the company is a going concern.

3 / 12

Which of the following are advantages of having non-executive directors on the company board?

They can provide a wider perspective than executive directors.
They provide reassurance to shareholders.
They may have external experience and knowledge which executive directors do not possess.
They have more time to devote to the role.

1, 3 and 4

1, 2 and 3

1 and 3

2 and 4

4 / 12

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 theories describes the approach to governance that Zip Co is using?

Stakeholder theory

Stewardship theory

Agency theory

5 / 12

Who should set directors' reward and incentive packages, according to corporate governance provisions?

The board of directors

The nomination committee

A remuneration committee made up of independent non-executive directors

6 / 12

Which of the following is subject to the least direct regulation?

Employment protection

Corporate governance

Corporate social responsibility

7 / 12

Corporate governance is essentially of what significance?

Control system

Risk management

Strategic importance

8 / 12

Which of the following statements about corporate social responsibility is/are true?

(i) CSR guarantees increased profit levels
(ii) CSR adds cost to organisational activities and reduces profit levels
(iii) Social responsibility may have commercial benefits
(iv) Social responsibility is a concern confined to business organisations

(iii) only

(ii) and (iv)

(i), (ii), (iii) and (iv)

(i) and (iii)

9 / 12

The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan?

The Public Oversight Board

The board of directors

The nomination committee

The audit committee

10 / 12

Which of the following would be included in the principles of Corporate Social Responsibility?

(i) Human rights
(ii) Employee welfare
(iii) Professional ethics
(iv) Support for local suppliers

(i) only

(ii), (iii) and (iv) only

(ii) and (iii) only

(i), (ii) and (iv) only

11 / 12

Which of the following is a feature of poor corporate governance?

Critical questioning of senior managers by external auditors

Domination of the board by a single individual

Supervision of staff in key roles

Lack of focus on short-term profitability

12 / 12

In most countries, what is the usual purpose of codes of practice on corporate governance?

To provide a comprehensive framework for management and administration

To provide guidance on the standards of the best practice that companies should adopt

To establish legally binding requirements to which all companies must adhere

To set down detailed rules to regulate the ways in which companies must operate

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