Level 1 – Page 14

BMIS – L1 – SA – Q14.1 – Management and leadership

Identifies Frederick Taylor's contribution to management theory.

Question

Frederick Taylor was a US engineer who is considered the founder of which of the following?

A Classical school of management thinking

B Specialisation

C Scientific management

D Bureaucracy

Answer

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Tags: Classical Management, Frederick Taylor, Leadership, Management, Scientific Management
Level: Level 1

Topic: Management and leadership

BMIS – L1 – SA – Q13.5 – Professional ethics in accounting and business

Identifies what is not a key element of an ethical code.

Question

Which of the following is NOT a key element of an ethical code?

A Adhering to the highest standards of honesty, integrity and fairness

B Seeking or accepting favours which are beneficial to the business

C Avoiding involvement in any decisions that could bring about conflict of interest

D Avoiding any financial interest in contracts awarded by the company

Answer

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Tags: Conflict of Interest, Ethical code, Ethics, Fairness, Integrity
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – SA – Q13.4 – Professional ethics in accounting and business

Defines whistleblowing as reporting unethical or improper activities.

Question

Whistleblowing is the reporting by employees of suspected unethical or improper activity by colleagues, managers or other individuals.

A True

B False

Answer

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Tags: Employee reporting, Ethics, Unethical conduct, Whistleblowing
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – SA – Q13.3 – Professional ethics in accounting and business

Identifies unethical conduct in presenting misleading financial reports.

Question

The finance director of a large public company, Zenith Corp, presents a financial report to the board of directors, with a view to the company issuing a statement about its financial prospects to the stock market. The director knows that the information in the report is incorrect and materially misleading. The finance director is acting unethically by failing to comply with the principle of:

A professional competence

B integrity

C technical standards

D professional behaviour

Answer

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Tags: Dishonesty, Ethics, Financial Reporting, Integrity, Professional conduct
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – SA – Q13.2 – Professional ethics in accounting and business

Defines the principle of objectivity for accountants.

Question

Which of the following fundamental principles of ethical conduct for accountants means that an accountant should be independent, free from bias and from undue influence by other people?

A Confidentiality

B Objectivity

C Integrity

D Professional behaviour

Answer

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Tags: Bias, Ethics, Independence, Objectivity, Professional conduct
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – SA – Q13.1 – Professional ethics in accounting and business

Identifies principles expected of professional accountants in their work.

Question

Professional accountants are expected in their work to apply the principles of integrity, objectivity, professional competence and due care, confidentiality and

A transparency and honesty

B technical standards and openness

C honesty and professional behaviour

D professional behaviour and technical standards

Answer

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Tags: Confidentiality, Ethics, Integrity, Objectivity, Professional behaviour, Professional principles
Level: Level 1

Topic: Professional ethics in accounting and business

BMIS – L1 – SA – Q12.5 – HR – Other human resources functions

Defines the nature of extrinsic rewards.

Question

Extrinsic rewards are:

A   a sense of achievement
B pride in doing the work
C   a sense of responsibility
D   outside of the control of the individual

Answer

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Tags: employee rewards, Extrinsic rewards, HR Functions, Motivation, Performance
Level: Level 1

Topic: HR - Other Human Resources Functions

BMIS – L1 – SA – Q12.4 – HR – Other human resources functions

Identifies an example of an intrinsic reward.

Question

An example of an intrinsic reward is:

A basic pay

B pension

C sense of recognition

D company car

Answer

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Tags: employee rewards, HR Functions, Intrinsic rewards, Motivation, Performance
Level: Level 1

Topic: HR - Other Human Resources Functions

BMIS – L1 – SA – Q12.3 – HR – Other human resources functions

Defines the process of providing performance information to individuals.

Question

What is the process of providing information to individuals about their performance?

A Goal congruence

B Feedforward

C Feedback

D Guidance

Answer

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Tags: appraisal, employee performance, feedback, HR Functions, performance information
Level: Level 1

Topic: HR - Other Human Resources Functions

BMIS – L1 – SA – Q12.2 – HR – Other human resources functions

Determines the stage following agreement on action plans in the appraisal process.

Question

In the appraisal process, which stage from the following comes after the action plans have been agreed?

A Training programme

B Set objectives for the future

C Follow up

D The appraisal interview

Answer

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Tags: action plans, Appraisal process, HR Functions, Objectives, performance management
Level: Level 1

Topic: HR - Other Human Resources Functions

Level (SQ): Level 1

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BMIS – L1 – SA – Q14.1 – Management and leadership

Identifies Frederick Taylor's contribution to management theory.

BMIS – L1 – SA – Q13.5 – Professional ethics in accounting and business

Identifies what is not a key element of an ethical code.

BMIS – L1 – SA – Q13.4 – Professional ethics in accounting and business

Defines whistleblowing as reporting unethical or improper activities.

BMIS – L1 – SA – Q13.3 – Professional ethics in accounting and business

Identifies unethical conduct in presenting misleading financial reports.

BMIS – L1 – SA – Q13.2 – Professional ethics in accounting and business

Defines the principle of objectivity for accountants.

BMIS – L1 – SA – Q13.1 – Professional ethics in accounting and business

Identifies principles expected of professional accountants in their work.

BMIS – L1 – SA – Q12.5 – HR – Other human resources functions

Defines the nature of extrinsic rewards.

BMIS – L1 – SA – Q12.4 – HR – Other human resources functions

Identifies an example of an intrinsic reward.

BMIS – L1 – SA – Q12.3 – HR – Other human resources functions

Defines the process of providing performance information to individuals.

BMIS – L1 – SA – Q12.2 – HR – Other human resources functions

Determines the stage following agreement on action plans in the appraisal process.

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Identifies Frederick Taylor's contribution to management theory.

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Identifies what is not a key element of an ethical code.

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Defines whistleblowing as reporting unethical or improper activities.

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Identifies unethical conduct in presenting misleading financial reports.

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Defines the principle of objectivity for accountants.

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Identifies principles expected of professional accountants in their work.

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Defines the nature of extrinsic rewards.

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Identifies an example of an intrinsic reward.

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Defines the process of providing performance information to individuals.

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Determines the stage following agreement on action plans in the appraisal process.

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