From the earlier Business, Management and Finance paper. Asks about reporting channels for unethical conduct, the pub...
Theory questions Written questions
1
Theory question 1Written paper
20 marks
From the earlier Business, Management and Finance paper. Government measures against imports, the effects of a falling exchange rate, and the economic effects of removing a fuel subsidy. Revise the intervention tools and the arguments for intervention.
From the earlier Business, Management and Finance paper. Part (b) asks about the effects of a fall in a currency’s exchange value. Revise the foreign exchange market.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, May 2021, Question 1
2
Theory question 2Written paper
20 marks
From the earlier Business, Management and Finance paper. Asks for the three groups of Belbin team roles.Asks for the three groups of Belbin team roles, the roles in each group, and what makes teams succeed.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, May 2021, Question 2
5
Theory question 5Written paper
20 marks
From the earlier Business, Management and Finance paper. Asks about Adair’s action-centred leadership, the skills in each of its three groups, and Adair’s 50/50 rule. Revise the leadership theories table.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, May 2021, Question 5
6
Theory question 6Written paper
20 marks
From the earlier Business, Management and Finance paper. Asks about reporting channels for unethical conduct, the public’s expectations of accountants, and the roles of accountancy bodies in promoting ethics.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
From the earlier Business, Management and Finance paper. Part (b) asks for disadvantages of the matrix and virtual st...
Theory questions Written questions
1
Theory question 1Written paper
20 marks
From the earlier Business, Management and Finance paper. Part (a) asks you to define group cohesion and explain five factors that affect it.
From the earlier Business, Management and Finance paper. Part (b) asks about commercial paper, a money market instrument. Revise the money market and the commercial paper example.
From the earlier Business, Management and Finance paper. Part (a) asks you to define group cohesion and explain factors that affect it. Revise the group behaviour section.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, November 2021, Question 1
2
Theory question 2Written paper
20 marks
From the earlier Business, Management and Finance paper. Asks for the meaning, ways of creating, purposes, characteristics, advantages and disadvantages of a joint venture.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, November 2021, Question 2
3
Theory question 3Written paper
20 marks
From the earlier Business, Management and Finance paper. Part (b) asks for the two main policy approaches governments use to meet macroeconomic objectives, which are monetary and fiscal policy, and part (c) asks about protection of local industry.
From the earlier Business, Management and Finance paper. Part (a) asks for situations in which six communication channels are suitable. Revise the channel table.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, November 2021, Question 3
4
Theory question 4Written paper
20 marks
From the earlier Business, Management and Finance paper. Asks for Drucker’s five categories of management’s responsibility, Rosemary Stewart’s four features of bureaucracy and her reasons for its growth.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, November 2021, Question 4
6
Theory question 6Written paper
20 marks
From the earlier Business, Management and Finance paper. Part (b) asks for disadvantages of the matrix and virtual structures.
From the earlier Business, Management and Finance paper. Part (c) asks for organisational values that support the fundamental principles of ethics. The syllabus lists seven: accountability, communication, leadership, building trust, open communication, respect and transparency.
From the earlier Business, Management and Finance paper. Part (a) asks you to explain a technological business model and project management. Revise both sections.
The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Business Environment, November 2021, Question 6
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Business Environment, 2021. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Business Environment, May or November 2021. Each question carries its own reference and a button to copy it.