Accounting Multiple Choice Question – 22 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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A new project team has recently been established by Alex  plc.

Last week a meeting of the project team was held at which clear objectives and performance measures were agreed for the project in hand.

However, at today’s weekly progress meeting, there were numerous arguments concerning which roles would be undertaken by which members of staff.

From this, it is evident that the project team is at which stage of group development?

Select ONE answer:

  1. Forming
  2. Norming
  3. Performing
  4. Storming

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 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct- The forming stage is associated primarily with seeking to define the purpose of the group (achieved at last week’s meeting), but the storming stage  is where conflict first arises, particularly concerning competition for chosen roles. Once such conflicts have been addressed, the group will norm and then, hopefully, perform.

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Accounting Multiple Choice Question – 21 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 at Alex plc.

Lucy is talking to a friend and complaining that all she seems to do is attend meetings along with other managers in the company and represent her team at a variety of conferences and dinners.

In terms of Henry Mintzberg’s managerial roles, Lucy is describing her?

Select ONE answer:

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

  1. Not correct
  2. Not correct
  3. Correct –>  Lucy is describing her interpersonal role as a manager – representing her team in her capacity as their leader as well as interacting with managers of other teams within the company.
  4. Not correct

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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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