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According to the stakeholder view, is this statement true or false? 

True 

False 
(1 mark)


BPP Tutor Toolkit Copy

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PRACTICE QUESTION AND ANSWER BANK 
 
520
 
35 
The following paragraphs describe corporate governance and social responsibility respectively. 
Some words have been omitted. 
Corporate governance is the ………… by which organisations are ………….. by senior officers. 
Most corporate governance ………….. are based around the principles of integrity, ……………, 
independence and good management but there is disagreement on how much these principles 
need to be …………… by detailed rules.
Businesses, particularly large ones, are subject to increasing ………… that they will exercise 
social responsibility. This is an ill-defined concept, but appears to focus on the …………… of 
specific benefits to society in general, such as charitable donations, the creation or preservation 
of …………, and spending on …………. improvement or maintenance.
Complete the sentences using the following list of words/terms. Each word or term can only be 
used 
once
. 
Picklist
accountability 
directed and controlled
employment
environmental
expectations
provision 
reports
supplemented 
system 
 (4 marks)
36
 
An organisation has to decide whether to buy or lease machinery for its new factory. 
Which of the following members of the finance function would be responsible for this decision? 

The 
financial 
manager 

The 
financial 
accountant 

The management accountant 
(1 mark)
37 
Goods inwards checks are an example of a control in which business financial system? 

Payroll 

Sales 

Purchasing 

Cash 
management 
(2 marks)
38 
Which of the following is not an advantage of a computerised accounting package compared with 
a manual system? 

A large amount of data can be processed very quickly 

The need for security checks for authorising access 

Accuracy of data 

Non-specialists can use packages 
(2 marks)
39 
Which of the following statements is true? 

Financial accountants provide historical information for internal use. 

Financial accountants provide historical information for external use. 

Financial accountants provide forward-looking information for internal use. 

Financial accountants provide forward-looking information for external use.