Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
28
KA P LA N P UBL I SH IN G 
121 AZ Co is performing a SWOT analysis and notes that it has a large cash balance. Which of 
the SWOT headings would this be most likely to fall under? 
A Strengths 
B Weaknesses 
C Opportunities 
D Threats 
(2 marks) 
122 
A value network looks at the linkages between the supply chains of different organisations 
– such as suppliers and their customers. 
Is this statement TRUE or FALSE? 
A True 
B False 
(1 mark)
PROFESSIONAL ETHICS IN ACCOUNTING AND BUSINESS 
123 
J is an accountant for LGH Co, a large multinational organisation. She has recently been 
accused of theft from the company. She has argued that the theft was justified as she 
needed the money to care for her mother, who is seriously ill. 
What approach to ethics has J adopted? 
A Pluralist 
B Utilitarian 
C Absolutist 
D Relativist 
(2 marks)
124 
A profession must have an ethical code to which it requires compliance. 
Is this statement TRUE or FALSE? 
A True 
B False 
(1 mark)
125 ACCA members are required to comply with five Fundamental Principles. Which of the 
following contains three of these principles? 
A 
Integrity, Objectivity, Honesty 
B 
Professional competence and due care, Professional behaviour, Confidentiality 
C 
Social responsibility, Independence, Scepticism 
D Courtesy, 
Reliability, 
Responsibility 
(2 marks) 
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PRA CTICE OBJE CTIVE TEST QUESTIONS :