Testing MCQ

15 votes, 4.5 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. 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?

Victimisation

Direct discrimination

Indirect discrimination

2 / 20

2. 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), (iii) and (iv) only

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

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

(ii) and (iv) only

3 / 20

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

To estimate how much to spend on production

To provide information to external auditors

To record financial information

To pay employee salaries

4 / 20

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

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

To prevent and detect fraud within the company

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

5 / 20

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

Is this statement correct?

External auditors need to assess the work of internal audit first

Yes, always

Internal auditors are not independent and so cannot be relied upon

6 / 20

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

7 / 20

7. A narrow span of control would be suitable where

The work is of a routine nature

The team is not dispersed across a wide area

There is little similarity between team members' work

The team is very experienced

8 / 20

8. 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

It may delay delivery of the software

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

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

9 / 20

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

Processing expense claims

Seeking prompt payment from customers

Recording staff salaries

Managing the prompt payment of suppliers

10 / 20

10. 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?

Independence of the non-executive directors

New legislation coming into effect in six months' time

Activities of overseas competitors

Interest rates

11 / 20

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

12 / 20

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

What are they?

Dishonesty, motivation and opportunity

Deception, criminality and opportunity

Deception, motivation and opportunity

Dishonesty, criminality and opportunity

13 / 20

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

When a system is closed it is:

Isolated from its external environment

Protected from unauthorised access

Incapable of further technical enhancement

14 / 20

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

Improved communications

Employee motivation

Dual authority

Greater flexibility

15 / 20

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

The board of directors

The non-executive directors

The audit committee

16 / 20

16. 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)

Accurate

Relevant

Authoritative

Comprehensive

17 / 20

17. 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)

Over-prescriptive rules produce a simplistic approach to problems

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

Innovation is difficult

Committees and reports slow down the decision-making process

18 / 20

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

Improves the motivation of junior managers

Reductions in bureaucracy

Better crisis management

19 / 20

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

Shareholders are accountable to auditors

Auditors are the agents of shareholders

Directors are accountable to shareholders

Auditors report to shareholders on the financial statements prepared by directors

20 / 20

20. Who appoints external auditors?

Chairman

Shareholders

Finance director

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