Testing MCQ

18 votes, 4.6 avg

1465

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

Seeking prompt payment from customers

Processing expense claims

Managing the prompt payment of suppliers

Recording staff salaries

2 / 20

2. 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)

Relevant

Authoritative

Comprehensive

Accurate

3 / 20

3. 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)

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

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

4 / 20

4. 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

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

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

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

(ii) and (iv) only

5 / 20

5. 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

6 / 20

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

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

7 / 20

7. 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?

Direct discrimination

Victimisation

Indirect discrimination

8 / 20

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

Is this statement correct?

Yes, always

Internal auditors are not independent and so cannot be relied upon

External auditors need to assess the work of internal audit first

9 / 20

9. 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

Deception, motivation and opportunity

Dishonesty, criminality and opportunity

Dishonesty, motivation and opportunity

10 / 20

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

When a system is closed it is:

Incapable of further technical enhancement

Isolated from its external environment

Protected from unauthorised access

11 / 20

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

Employee motivation

Greater flexibility

Improved communications

Dual authority

12 / 20

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

13 / 20

13. Who appoints external auditors?

Shareholders

Chairman

Finance director

14 / 20

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

15 / 20

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

To record financial information

To estimate how much to spend on production

To provide information to external auditors

To pay employee salaries

16 / 20

16. 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)

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

Committees and reports slow down the decision-making process

Innovation is difficult

Over-prescriptive rules produce a simplistic approach to problems

17 / 20

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

Directors are accountable to shareholders

Shareholders are accountable to auditors

Auditors report to shareholders on the financial statements prepared by directors

Auditors are the agents of shareholders

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 parties has the main responsibility for good corporate governance?

The audit committee

The non-executive directors

The board of directors

20 / 20

20. A narrow span of control would be suitable where

The team is very experienced

The team is not dispersed across a wide area

There is little similarity between team members' work

The work is of a routine nature

Result is loading...

Your score is