Testing MCQ

18 votes, 4.6 avg

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F1 - BT - Quiz #1

You have 20 Questions to complete within 72 minutes (1 hour and 12 minutes).
You will see the Result at the end of the quiz.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those which seems to you correct/ or incorrect, as per the requirement of the question. (Wording: select all those which are correct)
Dropdown: Select from the list provided.
Type: Type your answer in numbers as per the requirement of the question.

Please Write Your Name!

1 / 20

1. Which of the following is NOT an advantage of a matrix structure?

Greater flexibility

Employee motivation

Improved communications

Dual authority

2 / 20

2. External auditors may place reliance on internal auditors' work.

Is this statement correct?

Internal auditors are not independent and so cannot be relied upon

External auditors need to assess the work of internal audit first

Yes, always

3 / 20

3. Which of the following costs, in regards to an information system, are capital costs?

Hardware purchase costs
Routine system maintenance costs
Software purchase costs
Installation costs

(i), (ii) and (iii) only

(ii) and (iv) only

(ii), (iii) and (iv) only

(i), (iii) and (iv) only

4 / 20

4. In the short run, firms will continue to supply customers provided that they cover

5 / 20

5. There are three broad pre-requisites or 'pre-conditions' that must exist in order to make fraud a possibility.

What are they?

Deception, criminality and opportunity

Dishonesty, criminality and opportunity

Dishonesty, motivation and opportunity

Deception, motivation and opportunity

6 / 20

6. Which of the following is a benefit of decentralisation?

Reductions in bureaucracy

Better crisis management

Improves the motivation of junior managers

7 / 20

7. What is the main focus and role of the accounting function?

To estimate how much to spend on production

To record financial information

To provide information to external auditors

To pay employee salaries

8 / 20

8. Which of the following statements is NOT true in respect of the relationships between directors, shareholders and auditors?

Auditors report to shareholders on the financial statements prepared by directors

Shareholders are accountable to auditors

Auditors are the agents of shareholders

Directors are accountable to shareholders

9 / 20

9. Mr. Warner, your department manager, is weighing up the benefits and disadvantages of off-the-shelf packages that have been customised so that they fit the organisation's specific requirements.

Which of the following options are disadvantages of customisation? (select those which are correct)

It may introduce bugs that do not exist in the standard version

The company will not be able to buy 'add-ons' to the basic package

It may delay delivery of the software

The user is dependent on the supplier for maintenance of the package

10 / 20

10. Many organisations are described as bureaucratic. When the team, was first coined, bureaucracy was regarded as being highly efficient and there are still cases where a bureaucratic approach is appropriate. However, bureaucracy has some undesirable features.

Which of the following are undesirable features of bureaucracy? (select those which are correct)

Committees and reports slow down the decision-making process

It relies on the expertise of its members – not through standardised skills but by the importance of the mix of skills

Innovation is difficult

Over-prescriptive rules produce a simplistic approach to problems

11 / 20

11. A record showing who has accessed a computer system is called:

12 / 20

12. Systems are sometimes described as either open or closed.

When a system is closed it is:

Protected from unauthorised access

Incapable of further technical enhancement

Isolated from its external environment

13 / 20

13. When analysing the current situation in a business, a consultant will review the general environment surrounding it.

Which of the following would not be included in this analysis?

Activities of overseas competitors

Interest rates

Independence of the non-executive directors

New legislation coming into effect in six months' time

14 / 20

14. A narrow span of control would be suitable where

The work is of a routine nature

The team is very experienced

The team is not dispersed across a wide area

There is little similarity between team members' work

15 / 20

15. How might the purchasing manager work closely with the accounting function?

Managing the prompt payment of suppliers

Recording staff salaries

Seeking prompt payment from customers

Processing expense claims

16 / 20

16. Which of the following statements correctly describes the principal purpose of the external audit of a company within the UK?

To prevent and detect fraud within the company

To examine and express an opinion on the company's periodic financial statements

To assist management in the preparation of the company's periodic financial statements

17 / 20

17. Alf Sparks is a manager of a small team designing and building a new management information system.
The various levels of management that will be using the system will all have different information requirements but the qualities of good information are the same at each level. He is describing these qualities to his team.

Which of the following would be included in his explanation? (select those which are correct)

Comprehensive

Relevant

Accurate

Authoritative

18 / 20

18. A company has placed a job advertisement for a full time employee and a part time employee. The part time employee's terms are less favourable than the full-time employee's terms. What type of discrimination is this?

Indirect discrimination

Victimisation

Direct discrimination

19 / 20

19. Which of the following parties has the main responsibility for good corporate governance?

The audit committee

The board of directors

The non-executive directors

20 / 20

20. Who appoints external auditors?

Finance director

Shareholders

Chairman

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