ICAEW BTF EXAM REV QUESTIONS AND
100% CORRECT ANSWERS!!
Michael is a manager at a large car manufacturing factory. He is responsible for a team of
car production workers who fit seats into the new vehicles. He sets the team clear targets
for seat installations each day, based on the goals handed down to him by the directors.
He monitors performance closely to ensure targets are met. It is clear that, in terms of
Henry Mintzberg's building blocks, Michael is part of the organization's: A. Strategic
apex.
B. Operating core.
C. Technostructure.
D. Middle line.
D. Middle line.
Two fundamental qualitative characteristics of financial statements are:
A. Faithful representation and Verifiability.
B. Relevance and Faithful representation.
C. Relevance and Timeliness.
D. Faithful representation and Comparability.
B. Relevance and Faithful representation.
Which of the following is one of the main features of the good quality information?
A. Detailed.
B. Accurate.
C. Unambiguous.
D. Reasonable.
B. Accurate.
The SBU, which requires capital expenditure in excess of the cash generated, in order to
maintain its market position, but promise high returns in the future, is classified as:
,A. Question marks.
B. Dogs.
C. Cash cows.
D. Stars.
C. Cash cows.
An PESTEL analysis of world oil industry based on published sources indicated that the
tension between Russia and Ukraine has raised disruptions to supply and distribution. On
March 08, 2022 International benchmark crude oil hit 120.3 per barrel, the highest level
since May 2012. This matter should be found in which section of this analysis? A. Political
factor.
B. Technological factor.
C. Legal factor.
D. Social factor.
A. Political factor..
James is carrying out a PESTEL analysis for a garment company. During his analysis,
James has realized that the changing in lifestyle of urban young generation is a potentially
important strategic issue for the company. In which section of his analysis should James
record this matter?
A. Political factor
B. Technological factor.
C. Social factor.
D. Legal factor.
C. Social factor.
Which of the following is NOT included in enhancing qualitative characteristics
of financial statements?
A. Relevance.
B. Comparability.
C. Understandability.
D. verifiability
, A. Relevance.
To be faithful representation, financial statements must:
A. Be clear and concise.
B. Have information available to decision-makers in time.
C. Be complete, neutral and free from error.
D. Have confirmatory value if it provides feedback about previous evaluations.
C. Be complete, neutral and free from error.
. According to William Baumol, if a manger maintains or increases market share, ensures
the survival, and discourages competition, the primary objective of the business will be:
A. Share price maximization
B. Profit maximization
C. Wealth maximization
D. Revenue maximization
D. Revenue maximization
Marchmount company is a diversified manufacturing company divided into several
divisions. Each division contains an autonomous product business, with its own profit and
capital investment responsibilities, delegated by the holding company's board of
directors. Marchmount company's key organizational building block will therefore be
the: A. Middle line.
B. Operating core.
C. Technostructure.
D. Strategic apex.
D. Strategic apex.
Romulus company and Remus company have recently agreed to cooperate to exploit
the possibilities that both companies have in a particular overseas market. No separate
company has been established for this purpose because the companies' chief executives,
who have known each other for many years, have agreed matters informally. This
arrangement is an example of a:
100% CORRECT ANSWERS!!
Michael is a manager at a large car manufacturing factory. He is responsible for a team of
car production workers who fit seats into the new vehicles. He sets the team clear targets
for seat installations each day, based on the goals handed down to him by the directors.
He monitors performance closely to ensure targets are met. It is clear that, in terms of
Henry Mintzberg's building blocks, Michael is part of the organization's: A. Strategic
apex.
B. Operating core.
C. Technostructure.
D. Middle line.
D. Middle line.
Two fundamental qualitative characteristics of financial statements are:
A. Faithful representation and Verifiability.
B. Relevance and Faithful representation.
C. Relevance and Timeliness.
D. Faithful representation and Comparability.
B. Relevance and Faithful representation.
Which of the following is one of the main features of the good quality information?
A. Detailed.
B. Accurate.
C. Unambiguous.
D. Reasonable.
B. Accurate.
The SBU, which requires capital expenditure in excess of the cash generated, in order to
maintain its market position, but promise high returns in the future, is classified as:
,A. Question marks.
B. Dogs.
C. Cash cows.
D. Stars.
C. Cash cows.
An PESTEL analysis of world oil industry based on published sources indicated that the
tension between Russia and Ukraine has raised disruptions to supply and distribution. On
March 08, 2022 International benchmark crude oil hit 120.3 per barrel, the highest level
since May 2012. This matter should be found in which section of this analysis? A. Political
factor.
B. Technological factor.
C. Legal factor.
D. Social factor.
A. Political factor..
James is carrying out a PESTEL analysis for a garment company. During his analysis,
James has realized that the changing in lifestyle of urban young generation is a potentially
important strategic issue for the company. In which section of his analysis should James
record this matter?
A. Political factor
B. Technological factor.
C. Social factor.
D. Legal factor.
C. Social factor.
Which of the following is NOT included in enhancing qualitative characteristics
of financial statements?
A. Relevance.
B. Comparability.
C. Understandability.
D. verifiability
, A. Relevance.
To be faithful representation, financial statements must:
A. Be clear and concise.
B. Have information available to decision-makers in time.
C. Be complete, neutral and free from error.
D. Have confirmatory value if it provides feedback about previous evaluations.
C. Be complete, neutral and free from error.
. According to William Baumol, if a manger maintains or increases market share, ensures
the survival, and discourages competition, the primary objective of the business will be:
A. Share price maximization
B. Profit maximization
C. Wealth maximization
D. Revenue maximization
D. Revenue maximization
Marchmount company is a diversified manufacturing company divided into several
divisions. Each division contains an autonomous product business, with its own profit and
capital investment responsibilities, delegated by the holding company's board of
directors. Marchmount company's key organizational building block will therefore be
the: A. Middle line.
B. Operating core.
C. Technostructure.
D. Strategic apex.
D. Strategic apex.
Romulus company and Remus company have recently agreed to cooperate to exploit
the possibilities that both companies have in a particular overseas market. No separate
company has been established for this purpose because the companies' chief executives,
who have known each other for many years, have agreed matters informally. This
arrangement is an example of a:
