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- 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:
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.
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.
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
(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:
Transaction | Account to be debited | Account to be credited |
(a) |
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]
QUESTION 4:
Questions: Write up the following books
Question 5:
Write up the cash book, nominal ledger, and the sales book
READ: ICM-UK Professional Examination Past Questions & Answers
1A. List the users of financial information and give one information they are interested in and why.
Businesses | Assets | Liabilities | Capital |
Lucia Ltd | £680,000 | £202, 000 | |
Stephane Enterprise | £269,000
| £70220
| |
Resti Ventures |
| £98501 | £154,000 |
Ervan Ltd |
| £15900 | £98,060 |
Bangala Ltd | £68500
| £75800 |
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