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

(2 marks) 
13 
In relation to the management of conflict, which of the following approaches will most 
likely be effective at dealing with major conflicts between staff members who will need 
to continue working together in the long term? 
A Negotiation 
B Denial 
C
Suppression 
(1 mark)
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P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
176 
KA P LA N P UBL I SH IN G 
14 
Consider the following benefits: 
(1) 
Improved succession planning 
(2) Increased 
motivation 
(3) 
Reduced labour costs 
Which of these would likely to be achieved by the use of job enrichment? 
A 
(1) and (2) only 
B 
(2) and (3) only 
C 
(1), (2) and (3) 
(1 mark)
15 
An item of produce is described as having an ‘inelastic’ demand. What is its price 
elasticity of demand likely to be?
A 
Less than 1 
B Equal 
to 
1 
C Greater 
than 
1 
D Negative 
(2 marks)
16 
In an organisation which operates a good system of corporate governance, to whom 
should the internal audit department of an organisation report? 
A 
The Board of Directors 
B 
The Finance Director 
C 
The Audit Committee 
D The 
Management 
Accountant 
(2 marks)
17 
Which of the following is the correct definition of the term ‘constructive dismissal’? 
A 
The employee has been resigned by mutual agreement with their employer 
B 
The employee has resigned because the employer has breached the terms of their 
contract of employment 
C 
The employee has been dismissed because they are no longer needed by their 
employer