Business & Technology Flashcards
6 cards from real ACCA AK practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Business & Technology flashcards as text
Which body sets ethical standards for ACCA members?
Answer: ACCA's own Code of Ethics and Conduct, based on the IESBA Code
ACCA members are governed by ACCA's Code of Ethics and Conduct, which is based on the International Ethics Standards Board for Accountants (IESBA) Code.
Which of the following is a 'hygiene factor' in Herzberg's two-factor theory?
Answer: Salary
Herzberg classified salary as a hygiene factor — its absence causes dissatisfaction, but its presence alone does not motivate. Motivators include achievement and recognition.
A 'boundary-less organisation' is one that:
Answer: Removes traditional internal and external barriers to enable free information and resource flow
A boundary-less organisation (coined by Jack Welch at GE) breaks down internal departmental barriers and external barriers with suppliers and customers to improve flexibility.
Which of the following best describes 'benchmarking'?
Answer: Comparing an organisation's performance against best-in-class competitors or internal standards
Benchmarking involves comparing processes, products and performance metrics with those of best-practice organisations to identify improvement opportunities.
According to Maslow's hierarchy, which need must generally be satisfied before 'esteem' needs?
Answer: Social/belonging needs
Maslow's hierarchy (bottom to top): Physiological → Safety → Social/Belonging → Esteem → Self-actualisation. Social needs precede esteem needs.
Which of the following is an example of a 'tall' vs 'flat' structural trade-off?
Answer: Flat structures have wider spans of control but fewer promotion opportunities
Flat structures give managers wide spans, improving communication speed, but offer fewer management tiers, reducing promotion opportunities for staff.