Mock Test Paper 2 - ACCA Business Technology (BT)
1. The primary purpose of an internal control system is to:
A. Reduce company profits
B. Limit management authority
C. Ensure accuracy and reliability of financial reporting
D. Make audits unnecessary
2. Stakeholders are defined as:
A. Only shareholders
B. People who work in the company
C. Anyone who is affected by or can affect the organization
D. Government officials only
3. Which of the following is a principle of corporate governance?
A. Secrecy
B. Accountability
C. Profit maximization
D. Centralization
4. Which of the following best describes the role of a non-executive director?
A. Managing daily operations
B. Monitoring executive management
C. Preparing financial statements
D. Recruiting junior staff
5. Which document outlines the internal rules and regulations of a company?
A. Memorandum of Association
B. Articles of Association
C. Certificate of Incorporation
D. Annual Report
6. Which type of organizational structure has a flat hierarchy and decentralized decision-making?
A. Matrix
B. Functional
C. Divisional
D. Flat
7. What does the acronym 'ERP' stand for in business systems?
A. Enterprise Resource Planning
B. Electronic Reporting Program
C. Efficient Resource Planning
D. Enterprise Reporting Procedure
8. Which of the following is NOT a component of the business environment?
A. Political
B. Social
C. Technical
D. Mystical
Answer Key
1. C. Ensure accuracy and reliability of financial reporting
2. C. Anyone who is affected by or can affect the organization
3. B. Accountability
4. B. Monitoring executive management
5. B. Articles of Association
6. D. Flat
7. A. Enterprise Resource Planning
8. D. Mystical
