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 of the following best describes a 'flat' organisational structure?
Answer: Few levels of hierarchy and wide spans of control
A flat structure has few management layers and each manager oversees many subordinates (wide span of control), enabling faster communication.
Which ethical principle requires a professional accountant to be straightforward and honest in all professional and business relationships?
Answer: Integrity
Integrity under the ACCA Code of Ethics means being straightforward and honest; it is the foundation of trust in the profession.
A matrix organisational structure is best described as one where:
Answer: Employees report to both a functional manager and a project manager
In a matrix structure employees have dual reporting lines — to a functional head and a project/product manager — allowing flexible resource use.
Which of the following is a characteristic of a 'tall' organisational structure?
Answer: Many hierarchical levels
A tall structure has many levels of management, resulting in narrow spans of control and more centralised decision-making.
Corporate governance primarily refers to:
Answer: The system by which companies are directed and controlled
Corporate governance is the system of rules, practices and processes by which a company is directed and controlled, balancing the interests of stakeholders.
Which of the following best describes the role of the internal audit function?
Answer: To provide independent assurance that an organisation's risk management and governance processes are operating effectively
Internal audit provides independent, objective assurance and consulting activity designed to add value and improve an organisation's operations, focusing on risk, control and governance.