Accounting Multiple Choice Question – 20 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex, a manager in Lucy plc, has had to re-arrange a staff rota after a staff member fell ill.

According to the Management Theorist Henry Mintzberg, this would form part of Alex’s…?

Select ONE answer:

  1. Decisional role
  2. Interpersonal role
  3. Disseminator role
  4. Informational role

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct – Mintzberg’s managerial roles are interpersonal, informational and decisional. This is a simple Decision (1) for Alex.
  2. Not correct
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 19 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Which of the following managers is operating as a functional manager in the situation described?

Select ONE answer:

  1. A human resources manager suggesting aptitude tests for managers to use when recruiting
  2. An IT manager setting out rules for Internet and email use
  3. A manager setting targets for the workforce
  4. A product manager asking IT and marketing staff to help with a big product launch

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Notcorrect
  2. Correct  –>  A functional relationship means that a manager has authority in certain areas over another department. The IT manager could have functional authority over all other departments when defining rules for internet and email use. (3) is a line manager; (4) is a project manager; and (1) is a staff manager.
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 18 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex is a line manager in the cost accounting department of Lucy pic.

This means that Alex has line authority…?

Select ONE answer:

  1. Over a subordinate down the chain of command
  2. To give specialist advice, but not the right to insist the advice is followed
  3. Over a project team’s function
  4. In certain areas over another department

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct – Line authority refers to the relationship that exists between a manager and his/her direct staff and occurs in most organisations. This line runs in an uninterrupted series of steps and is based on the scalar chain principle of hierarchy in which there is a clear line of authority from the top of the organisation to the bottom. Essentially, the scalar chain is used to implement decision-making and the issue of instructions.
  2. Not correct
  3. Not correct
  4. Not correct

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Accounting Multiple Choice Question – 17 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex is a senior manager working for Lucy plc.

He has decided to delegate completion of an internal report to one of his subordinates.

In doing this, Michael is transferring to the subordinate…..?

Select ONE answer:

  1. Authority, responsibility and power
  2. Authority, accountability and power
  3. Responsibility and authority
  4. Power, responsibility and accountability

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct – Accountability cannot be delegated so (2) and (4) are incorrect. Some power must be transferred by delegation if the person is to be able to accomplish the task for which they have been given authority and responsibility.
  2. Not correct
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Accounting Multiple Choice Question – 16 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Lucy is a manager who can authorise her own travel expenses up to £2,000.

Lucy is about to travel abroad on business and has a choice between flying economy class for £650 or flying business class for £2,250.

Lucy is an old friend of the company’s travel administrator, Alex, who arranges bookings.

Lucy persuades Alex to book the business class seat without proper authorisation.

This is an example of Lucy exercising her…?

Select ONE answer:

  1. Authority without power
  2. Power without authority
  3. Delegation of authority
  4. Power with authority

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Notcorrect
  2. Correct  –>  Referent power is based on identification with, admiration of or respect for the individual. This can be summed up as power based on force of personality.
  3. Not correct
  4. Not correct

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This work is licensed under a Creative Commons Attribution 4.0 International License.