ICM-UK Likely Examination Questions for Practice

ICM-UK Likely Examination Questions for Practice

ICM-UK Likely Examination Questions for Practice have been uploaded to provide the needed test kit for candidates preparing for the examination. The ICM-UK Likely Examination Questions have been structured to challenge candidates as they prepare for the upcoming March, June September, and December series.

In this post, we have provided just a few of the likely examination questions for International Business Communication,  Business Management, and Administration and Book Keeping. Look out for more uploads to help you prepare for the examination.

ICM-UK Likely Examination Questions for Practice – INTERNATIONAL BUSINESS COMMUNICATION

1. Using the diagram, explain the communication process
2. Explain the four main objectives of communication
3. With the aid of examples, explain any five barriers to communication
4. List and explain the 5Cs of communication under content.
5. Discuss any four types of noise you may encounter when communicating
6. State and discuss the types of non-verbal communication. Support each explanation with an example.
7. Discuss the personal and vocal qualities you need to be deemed a good public speaker. Illustrate with relevant examples.
8. Every good speaker must aim at 4 qualities. List and give reasons why these qualities are important for your next public speaking.
9. Briefly explain four reasons why effective listening is important.
10. Explain five ways you can improve your concentration as a listener during a football match commentary on the radio.

ICM-UK Likely Examination Questions for Practice-  BUSINESS MANAGEMENT & ADMINISTRATION

QUESTION 1:

[a] Differentiate between risk, risk management.

[b] Outline any five things you will do/ put in place to help deal with physical risk in your organization.

[c] What is the difference between personal risk and technical risk?

QUESTION 2:

[a] Explain internal business risk and give examples to support.

[b] PEST is the acronym for a type of risk faced by businesses. Identify and explain this type of risk and explain PEST with examples to support it.

QUESTION 3:

1. The most common form of business organization is the sole trader (sole proprietor). Using business examples explain the main advantages and disadvantages of this form of business organization.
2. You are the secretary of your company, explain the various key items on the next meeting agenda.

QUESTION 4:

[a] With the aid of diagrams, explain the following i. Planning and control ii. Line and Staff Organizations.

[b] Explain any four types of authority. In each, provide at least one instance in which they can be used.

[c] What are bureaucratic organizations? Discuss three advantages and disadvantages of it.

QUESTION 5:

[a] List and explain the traditional principles of organizations.

[b] What is production?

[c] Explain the following i. Job production ii. Batch production, iii. Material Cost iv. Labour Cost

QUESTION 6:

[a) List and explain any five clerical duties performed by office administrators.

(b) Explain any four benefits of using email instead of snail mail-in business.

QUESTION 7:

Briefly explain four features of organismic organizations/structure

Differentiate between Line Organizations and Staff Organizations

Outline five principles of entrepreneurial organizations.

QUESTION 8:

Explain the role and functions of the following departments in an organization:

(a) Marketing department [10 marks]

(b) Accounts department

(c) Why do you they are important?  Differentiate between Letter/parcel bombs and industrial espionage

QUESTION 9:

[b] Differentiate between Business Administration, Executive, and Non-Executive Directors.

[c] List the Six functions of management according to Henry Fayol and briefly indicate two 3 functions performed under each.

BUSINESS MANAGEMENT & ADMINISTRATION Questions set 2: ICM-UK Likely Examination Questions for Practice

Q1  a.What is an open office?

b. State 3 advantages and 3 disadvantages of operating an open office.

c. Explain any four types of authority.

Q2:      a. What is a partnership business? Give 3 disadvantages of such a business.

b. State any four functions of the board of directors

Q3:      a. State and explain functions of organizations according to Henry Fayol.

1. What is the difference between executive and non-executive board members?

Q4:      a. Explain three features of bureaucratic organizations.

b. What is a sole proprietorship business? Give 3 advantages.

Q5:      a. Give three advantages and disadvantages of bureaucratic organizations.

b. Differentiate the following: line organization, line, and staff organization, and functional organization.

Q6.      a. Explain the term Clerical Functions

b. Discuss the four main Clerical Functions performed by administrators.

Q7.     a. Differentiate between letters and emails

b. Explain how you will manage incoming mail in an office

c. Give four reasons why you would prefer to send an email instead of a letter by mail

Book Keeping -ICM -UK likely examination questions or Practice questions

1. Briefly explain any four sources of finance for a business
2. State four users of accounting information and indicate what they are interested in.
3. Give four (4) situations under which goods may be returned to the seller
4. Give three uses of the control account

QUESTION 2:

(a) Explain, using four examples, the work carried out by a bookkeeper
within the financial accounting system. [8 marks]
(b) Explain, using three examples, how the work carried out by an
accountant differs from that of a bookkeeper. [6 marks]
(c) Explain two uses of a trial balance. [6 marks]
Continued overleaf
3. The following transactions took place in January 2020 for a business owned by David:
· Purchases of goods for resale and paid by cheque: £1,000.
· Additional capital from David of £8,000 banked into the business bank account.
· A delivery van purchased from Motors Ltd for £6,000 on credit.
· £2,100 paid by cheque to AK Ltd, a supplier, for credit purchases.
· Paid shop rent by bank transfer: £1,200.
· David sold goods to BM Ltd for £2,500 on credit for two months.
· Faulty goods on credit purchases returned to Cherry Ltd amounting to £500.
· A bank transfer to AT Ltd for £1,900 for credit purchases.
· Withdrew £400 cash from the bank for personal use.
· BM Ltd returned goods to David: £250.
State the double entries required for the above transactions using the
following format:

QUESTION 3:

The following are the first month’s transactions of a new business:
Feb. 01 Put £28,000 into a business bank account, and GH1,000 into a business cash box.
Feb. 01 Bought a vehicle for £10,000, paying by cheque.
Feb. 03 Purchased goods costing £5,000 for resale, paying by cheque.
Feb. 05 Paid rent £800, paying cash.
Feb. 08 Paid insurance premium £1,500, paying by cheque.
Feb. 12 Sold goods for £3,500, receiving a cheque for the full amount.
Feb. 14 Paid wages £1,000, paying by cheque.
Feb. 17 Purchased goods costing £7,000 for resale, paying by cheque.
Feb. 25 Bought office supplies costing £750, paying by cheque.
Feb. 25 Sold goods for £5,500, receiving full payment in cash.
Feb. 26 Paid wages £1,000, paying cash.
Feb. 27 Sold goods for £3,500, receiving a cheque for the full amount.
Feb. 28 Banked £4,000 of the cash.
Required:   a) Write up the above transactions in the appropriate ledger accounts. [14]

2011. b) Prepare a trial balance as at 28 February 2011. [6]

QUESTION 4:

Questions: Write up the following books

1. Sales daybook
2. Sales Ledger
3. Nominal ledger

Question 5:

Below are the cash transactions of IT IS EASY ENTERPRISE

Write up the cash book, nominal ledger, and the sales book

1. Give three reasons why a business must put in place a credit control system.
2. Differentiate between Goods Received Note and Delivery Note
3. What is a trial balance?
4. What is the difference between return in-wards and return out-wards, and how are they treated in accounting?

READ: ICM-UK Professional Examination Past Questions & Answers

1. Briefly explain and differentiate between the following
2. Accounting and Bookkeeping
3. Management Accounting and Cost Accounting

• Financial statement and Management Accounting

1. There are several users of financial accounting information who lookout for different information from the same source

1A. List the users of financial information and give one information they are interested in and why.

1. Explain briefly five sources of finance for businesses apart from personal savings and plough back profit
2. Complete the table below on Capital, Assets, and Labilities

1. Using the above, write the accounting equation which would emphasize the following
2. Asset for Stephane Enterprise.
3. Liabilities for Ervan Ltd.

• Ownership for Pinnacle Ltd.