Cas3701 - 2025
ADDITIONAL QUESTIONS AND SUGGESTED SOLUTIONS
1. What is the primary purpose of Learning Unit 1 in CAS3701?
A. To improve technical accounting knowledge
B. To understand audit standards
C. To develop self-management and self-development competencies
D. To master tax calculation techniques
2. Which of the following best represents the meaning of 'self-management'?
A. Being guided by a mentor
B. Delegating tasks to others
C. Controlling your own decisions and behaviour to achieve goals
D. Letting external events determine your actions
3. Which element of VUCA is MOST evident when business environments are unpredictable due
to rapid innovation?
A. Complexity
B. Ambiguity
C. Volatility
D. Certainty
4. According to Cunningham (2004), which is NOT an essential part of self-development?
A. Motivation to change
B. Acceptance of possible failure
C. Having a manager monitor your goals
D. Long-term commitment to growth
5. What was a key reason the concept of VUCA became relevant for professional accountants?
A. Introduction of VAT systems
B. Rise of stable global markets
C. The increasing impact of global uncertainty and digitalisation
ADDITIONAL QUESTIONS AND SUGGESTED SOLUTIONS
1. What is the primary purpose of Learning Unit 1 in CAS3701?
A. To improve technical accounting knowledge
B. To understand audit standards
C. To develop self-management and self-development competencies
D. To master tax calculation techniques
2. Which of the following best represents the meaning of 'self-management'?
A. Being guided by a mentor
B. Delegating tasks to others
C. Controlling your own decisions and behaviour to achieve goals
D. Letting external events determine your actions
3. Which element of VUCA is MOST evident when business environments are unpredictable due
to rapid innovation?
A. Complexity
B. Ambiguity
C. Volatility
D. Certainty
4. According to Cunningham (2004), which is NOT an essential part of self-development?
A. Motivation to change
B. Acceptance of possible failure
C. Having a manager monitor your goals
D. Long-term commitment to growth
5. What was a key reason the concept of VUCA became relevant for professional accountants?
A. Introduction of VAT systems
B. Rise of stable global markets
C. The increasing impact of global uncertainty and digitalisation
