2 Information technology and systems 3 Influences on organizational culture 4 Ethical considerations 5 Corporate governance and social responsibility 6 The macro-economic environment
Trang 12 Information technology and systems
3 Influences on organizational culture
4 Ethical considerations
5 Corporate governance and social responsibility
6 The macro-economic environment
7 The business environment
8 The role of accounting
9 Control, security and audit
10 Identifying and preventing fraud
11 Leading and managing people
12 Individuals, groups and teams
13 Motivating individuals and groups
14 Personal effectiveness and communication
15 Recruitment and selection
16 Diversity and equal opportunities
17 Training and development
18 Performance appraisals
Trang 22
Chapter 1a Business Organization and Structure and Strategy.
1 An Organization is a social arrangement which pursues collective goals, which controls its own performance
D None of the above
5 Public sector companies are owned by the ………
11 Limited companies term limited liabilities means ………
A Risk is generally restricted to the amount that they have invested in the company
B Risk is linked to investor personal holdings
C That the funds they invest in the company are secured
D None of the above
12 A limited company has a separate legal personality from its owners (shareholders)
Trang 317 Which of the following is not the advantage of a limited company?
A Separate legal personality
B Govt And ngos
C Owners and Management
D None of the above
19 An organization which is owned by its member rather than outside investors are called ………
A Co operatives
B Limited Company
C Public Sector Companies
D Mutual Association or Funds
20 Public sector companies can raise funds from which of the following ways?
A Raising taxes
B Making charges (service charges etc)
C Borrowing
D All of the above
21 Public sector has a problem that they have to pay high rates for their borrowing from their lenders
E All of the above
25 Strategic apex is the individual who carry out basic work in the organization
29 When organization is sub-divided into specialist departments, with each department specializing in a particular type of activity
E.g marketing, finance and production This type of departments are known as ………
A Geographic
B Product / brand
C Functional
Trang 431 ……….Is the division of a business into autonomous regions or product businesses, each with its own revenues,
expenditures and capital asset purchase programmers?’
33 Successful Divisionalisation requires certain key conditions State which of the following is correct?
A Must have properly delegated authority
B Must be large enough to support the quantity and quality of management its need
C Must have potential of growth in its own area of operation
D Should be scope and challenge in the job of the management of each unit
E All of the above
F None of the above
34 Hybrid Structure are ………
A Functional Departmentation
B Divisional Departmentation
C Have both Functional and Departmental structure at the same management level
D Mix of all Structures
35 A simple structure is also known as entrepreneurial structure
A True
B False
36 Which of the following are not the characteristics of simple structure?
A Wide span of control
B No middle line or hierarchy
C Centralized system of command
D Group and consciences decision making
E Direct control over operating core
37 ……… Organizations have an increase use of part time and temporary contracts of employment
40 Shamrock organization self employed professionals are ……… (Give 2 best answers)
A Permanent employee of the company
B Top management executives
C Hired on contact on a project by project basis
D They are paid in fee for results than of salary
41 Span of control is also called and known as span of management
A True
B False
42 Span of control means ………
A Level of management in the organization
B No of superior looking after one job
C No of subordinate directly reports to its manager / superior
D No of managers responsible for internal control
43 If manager have 7 subordinate the span of control will be 8
A True
B False
Trang 546 Scalar Chain means ………
A No of subordinate reporting to a manager
B The chain of command from most junior to senior
C The chain of command from top to bottom
D The chain of command from most senior to most junior
47 Delayering is the reduction of the number of management levels from bottom to top
A True
B False
48.Delayering would:
A Make an organization taller
B Make an organization flatter
C Make no effect
D None of the above
49 In a small organization the span of control will be narrow because the numbers of employees are limited
D Operational / Functional Strategy
52 The distinction between corporate and business strategy arises because of the development of the divisionalised business organization, which typically has a corporate centre and a number of strategic business units (SBUs)
C Strategic business units or SBUs
D Public Sector Co
57 ……… Deal with specialized areas of activity
A Functional / Operational Strategy
B Business Strategy
C Strategic business units or SBUs
D Public Sector Co
Trang 6D None of the above
62 Their a different way that an organization can be different from each other Which one of the following is incorrect?
A Ownership / control
B Activity / legal status
C Profit and non profitable
D No of worker and managers
E Size / source of finance / technology
63 ……… Are the organizations which acquire raw material and by the application of labor and technology turn them into product Or in other words they add value to their purchase
B Cooperative dissolves if any member quit
C Democratic control (one member, one vote)
D Distribution of the surplus in proportion to purchases
D None of the above
66 A ……… of management occurs when more subordinates report directly to a given manager
A Small or narrow
B Large or wide
C Tiny
D None of the above
67 A ……….allows a manager to communicate quickly with the employees under them and control them more easily
A Large or wide span of control
B Small or narrow span of control
68 ……… span of control is economical for the company
A Large or wide span of control
B Small or narrow span of control
69 One of the advantages of the narrow span of control is that its required low management skills
A True
B False
70 ……… Span of control is faster and reach the top management in quick time
A Large or wide span of control
B Small or narrow span of control
71 Which of the following is not a part of shamrock organization flower diagram?
A Self employed professionals
B Contingent work force
Trang 77
D None of the above
73 The ……… in large companies allows the directors and managers to run the company on their behalf
A None executive directors
B Shareholders
C Employee’s of the company
D Customers and civil society
74 ……… is not a criminal activity It’s allow multinational groups of companies to legitimately to avoid the payment of tax
C Treasury or finance dept
D Financial advisory dept
76 Public sector companies are ultimately accountable to ………
A United Nations
B Prime minister
C Finance Minister
D Parliament
77 Shamrock organization ……… Pay is tied to organizational performance
A Contingent work force
B Self Employed
C Professional core
D None of the above
78 Shamrock organization ……… Are temporary and part time worker who will experience short periods of employment and long period of unemployment?
A Contingent work force
B Self Employed
C Professional core
D None of the above
79 Which of the following is not the example of Public Sector Company?
Trang 82 Organization is preoccupied with performance
7 Retail and Dist companies delivering goods to the end users Above is the definition of manufacturing co
9 False They produce software, publishing, films, music etc
10 Private sector is owned by individuals and others Govt Owned public sector companies
13 The ownership and control of a limited company are legally separate
16 Public limited is private sector while public sector is govt Owned companies
17 Compliance cost one of the disadvantages of the limited co
18 Co-operatives are businesses owned by their workers or customers, who share the profits
21 They get advantage of low interest from bank because they are backed up by Govt
22 They have no link with Govt And they are none profitable organization
25 Strategic apex is the top management in the organization Basic work is done by the operational core
32 SBU stands for Strategic business unit
33 Simple structure is a one man show The apex control and direct all, thing move around him
36 Simple system there is no middle management Strategic apexes make all decision
39 They allow rapid downsizing in slow growth, and safe all expenditure
43 No then the span of control will also be 7
45 More level of management result in narrow span of control Or week span of control
49 Because in narrow span of control manger control very few subordinates
67 A narrow span of control allows a manager to communicate quickly with the employees under them and control them more easily
68 It costs less money to run a wider span of control because a business does not need to employ as many managers
69 It requires a higher level of management skill to control a greater number of employees, so there is less management skill required
70 There are less layers of management to pass a message through, so the message reaches more employees faster
74 Tax evasion is a criminal activity Its involve breaking of law for not declaring the income to save tax
80 They are required to
Chapter 1b Departments and functions
1 Which of the following is not the element of marketing mix?
Trang 9D Stock out sale
7 ……… is a price which gave company the highest level of profit or company enjoy abnormal profit Which restrict lot of people
9 When most of the administration work is carried out by the HQ this type of act is known as ………
A Head office interference
B Recording and controlling
C Provide information to the managers
D Reporting to the stakeholders
E All of the above
11 Following are the duties of the financial management Which one is correct?
A Investment decisions
B Financing decisions (how to pay for investment)
C Dividend decisions
D Operating decisions which effect profit
E All of the above
12 Management of finance means book keeping, cash handling, invoicing and other financial documentation, in short accounting
Trang 1021 Which of the following is/are not objectives of human resource management?
A To meet the organization’s social and legal responsibilities relating to the human resource
B To manage an organization’s relationship with its customers
C To develop human resources that will respond effectively to change
D To obtain and develop the HR required by the organization
E To create and maintain a co-operative climate of relationship with the organization
22 Which of the following is false statement about the HRM importance?
A Its increase productivity by effective training
B Its enhance group working by developing multi skilled teams
C Its help accounts department in recording transactions
D Its reduce staff turnover
23 Selection is important to ensure the organization obtains people with the qualities and skills required
28 Which of the following are not the advantages of Centralization?
A Decision are made at one placed and are easy to implement
B Senior managers can take a wider view of the problem or task or objective
C Improve motivation of Jr Managers as they get chance to take responsibility
D Quality of decision due to experts and skills on top level
E Crisis is handling more quickly and effectively
F Policy and procedures are standardizing all over the organization
29.Which one of the following is potential advantage of decentralization? (PP)
A Greater control by senior management
B Risk reduction in relation to operational decision-making
C More accountability at lower levels
D Consistency of decision-making across the organization
30 One of the greater advantages of centralized system is that management is in a better position to understand the local and geographical problems
32 Because of communication technology it is now easy for the local management to take decision in decentralized organization with the help
of data and info available from Head office
Trang 1135. ……… Are formed for a particular purpose on a permanent basis Their role is to deal with routine business delegated
to them at weekly or monthly meetings
37 A committee that is a subset of a larger committee is called a subcommittee Or which is appoint by the committee it’s self to solve or help
in some of its own work
44 Production management Which of the following is not the long term decision?
A Selection of equipment and process
B Job design and method
C Inventory control
D Factory location and lay out
E Ensuring the right no of employee’s
45 Production management Which of the following in not the short term decision?
A Production and control
B Selection of equipment and factory
C Quality control / maintenance
D Inventory control / labor control
46 Services are tangible in nature and can be stored
A True
B False
47 Selected kind of services purchases results in transfer of property
Trang 1251 Customers are naturally sales resistant so the product must be sold actively and aggressively and customers must be persuaded to buy them
is an example of sales orientation
A True
B False
52 Product orientation, a variant of production orientation means ………
A Customers are naturally sales resistant so the product must be sold actively and aggressively and customers must be persuaded to buy them
B Customers will buy whatever we produce – our job is to make as many as we can
C Add more features to the product – demand will pick up
D None of the above
53 Research is further divided into 3 parts Which of the following is incorrect?
56 Marketing orientation means ………
A Add more features to the product – demand will pick up' Such firms do not research what customers actually want
B Customers are naturally sales resistant so the product must be sold actively and aggressively and customers must be persuaded to buy them
C Customers will buy whatever we produce – our job is to make as many as we can'
D The key task of the organization is to determine the needs, wants and values of a target market and to adapt the organization to delivering the desired satisfactions more effectively and efficiently than its competitors
57 Marketing management aims to ensure the company is pursuing effective policies to promote its products, markets and distribution channels This involves exercising strategic control of marketing, and the means to apply strategic control is known as the………
A Marketing Audit
B Sales Audit
C Internal Audit
D Corporate Audit
58 AIDA stands for………
A Awareness, Interest, Desire and Attitude
B Accountability, Information, Desire and Action
C Awareness, Interest, Desire, Action
D None of the above
59 ABC Corporation hired three members in the account department under the post of 1 Financial Accountant 2 Management accountant 2 Treasurer Which of the following two are the responsibilities of financial accountant?
A Prepare the financial statement for the company
B Budget analysis and control
C Invest surplus cash funds in the money market
Trang 1313
D Provide accounting reports and data to other departments
60 Which of the following are not the duties of the committee secretary?
A Fixing the date and time of the meeting
B Choosing and preparing the location of the meeting
C Arranging entertainment activity for the members
D Preparing and issuing various documents
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14 Profit earned by the company kept with it for future needs
16 It’s the responsibility of the director to prepare the books of the company
18 No they are required to do so
19 The real work is product They will also do market work but mandatory
26 They are part of HR plan
27 Authority is at one place
30 Locals problem are better solved in De-Centralized system
41 Process research is to improve the method of making things Mean reducing steps and improving quality
Chapter 2 Information technology and system
1 Information should be obtained at any cost, regardless of its benefits
Trang 1414
C Senior
D None of the above
6 (ESS) Executive support system pool data from ………
A Internal Sources
B External Sources
C Out Sources
D Both internal and external
7 Management information system provides information to management, of a routine or non-routine nature, by analyzing data and converting
it into organized information
D Both internal and external
9 ……… Is an internal computer system within an organization that uses the internet to link distance terminal to main or central server? Or network is used to connect to the main system of the organization
A Internet
B Extranet
C Intranets
D Cable and wire
10 Intranet system cannot connect to other systems or terminals by internet
D Cable and wire
13 Extranet is an advance version of intranet with special features
D Unstructured or Semi structured
16 Spread sheet is an example of ……… System, it is also flexible and user friendly and helpful in decision making
A Management information system
B Expert System
C Decision support System
D Knowledge work system
17 Legal advice system, investment advice system, medical diagnosis system and tax advice system are the example of ………
A Management info system
B Transaction processing system
C Knowledge work system
D Expert system
18 Expert system is a ………
A Computer system which help in productivity rise
B Computer system which help to educate people
C Computer software with artificial intelligence of expertise
D Record and perform routine transactions
19 Expert system used database of facts and rules for decision making Example bank credit approval system
A True
B False
Trang 1515
20 ……… Are information systems that facilitate the creation and integration of new knowledge into an organization
A Management info system
B Transaction processing system
C Knowledge work system
D Expert system
21 Which of the following are not the examples of Office Automation System (OAS)
A Word processing, desktop publishing, and digital filing systems
B E-mail, voice mail, videoconferencing, groupware, intranets, schedulers
C Spreadsheets, desktop databases
D Personal Security system
22 Staff themselves are one of the prime source of internal information
D Management information system
24 Research and development (R & D) work often relies on information about other R & D work being done by another company or by government institutions
‘exception reporting’ within a business context? (BPP RK)
A The reporting of exceptional events, outside the normal course of events
B The analysis of those items where performance differs significantly from standard or budget
C The preparation of reports on routine matters on an ‘ad hoc’ basis
D The scrutiny of all data as a matter of course saves in exceptional circumstances
27 Organization required information for a range of purposes Which of the following is incorrect?
30 Database management system (DBMS) is best describe as ………
A Database that is used to record old records
B Tool needs to increase productivity and effective internal control
C Is a type of Database auditing which work as a check and balance for data security?
D Software that manages a database dealing with all aspect of access of data, file maintenance and data security
31 Which of the following about database advantages are not correct?
A Database avoids duplication of data
B New software can easily be linked with the data base to create new reports etc
C There are no problem about data security and privacy
D Data can be process as per the requirement of the user
E Confecting of date in different departments is reduce
32 Standard software available for creating simple database are very costly as compare to organization self created database
A True
B False
33 The ……… is a global network connecting million of computer It is used to send and received information from any location
A Intranet
Trang 16C Decision support System
D Knowledge work system
35 Environment auditing and environmental scanning are two names of one thing
A True
B False
36 Which one of the following is not the characteristic of a database?
A It should be shared
B It should be providing for the need and requirement of different users when needed
C It is a deemed to safe and secure in any condition including physical and technical
D It should have the capacity to overcome future needs Or have the tendency to update in future
37 Database has the tendency to overcome any error by human posting It automatically detects the error and beef alert
41 Which one of the following is incorrect source of environmental scanning information?
A Consultants and other information bureau
B Newspaper and other magazines
C Libraries and other electronics data source
D Company internal data information
43 A ……… performs and records routine transactions, at an operational level
A Executive Support System (ESS)
B Knowledge Work System (KWS)
C Decision Support System (DSS)
D Transaction Processing System (TPS)
44 An ESS is a strategic-level system and DSS a management-level system
A Intranet
B Extranet
C Internet
D Cable net
Trang 1717
47 Sigma distributors have installed a computer at its main office which can be connected via internet Sigma has 235 different dealers All dealers have given a valid user name and password so they can access authorized area and their account status from their offices and gave online orders and check inventory levels etc Sigma has no online website What kind of system is this?
49 ……… is help to performed in typical office such as document management, facilitating communication and managing data
A Knowledge Work System
B Expert System
C Decision Support System
D Office Automation System
50 Sophisticated software’s, accounting programs, and others skill and knowledge base programs are an example of ………
A Knowledge Work System
B Expert System
C Decision Support System
D Office Automation System
51 ……… Systems are used at operational level for routine processing of data items and transactions That is inventory system and sales/purchase order processing system
A Knowledge Work System
B Expert System
C Transaction processing system
D Office Automation System
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1 Information should be cost effective
4 ESS is also called EIS
10 False because in large organization data is held in one place and it is connected by internet
16 Because it have analytical capabilities
37 Database gave results what is entered If you put garbage it gave you the same It is not self corrected
41 Environmental scanning gather information from outside not from inside
Trang 1818
Chapter 3 Influences on organization culture
1 ……… Is the collective programming of the mind which distinguishes the members of one category of people from another?
D Small size entrepreneurial Org
5 Power Culture Control remains in the central point Organization is capable of adopting change quickly
Trang 1920 When subordinate expect involvement and participation in the decision making in power culture is known as ………
A Low power distance culture
B High power distance culture
21 High power distance culture expects more decentralization and top-down chain of command with no supervision
D None of the above
30 Which of the following are not the features of informal organization?
Trang 2020
A Its accepts social relationship and grouping within or cross formal structure
B It’s have informal way of communication Grapevine, bush telegraph or others
C Its working style are bureaucrative
D Power influence structures
31 The focus of the informal organization are people not the work
A True
B False
32 Which of the following are the benefits of informal organization?
A Employees are satisfied, lack of absenteeism and low turnover
B Informal org Gave knowledge to its worker through informal networks
C Speed of the informal org Is very fast and effective as compare to formal one
D All of the above
33 Informal work practice may cut corners, violating safety or quality assurance measures
37 Which of the following are the connected stakeholders of the company?
A Government, community and pressure groups
B Employees and management of the company
C Suppliers, bankers, customers and shareholders
D Police, NGOs and Army
38 A primary stakeholder is one whose financial or personal situation is correlated directly with the performance of a business There are 2 type of primary stakeholders first is internal and other is connected
42 Power of the stakeholders The stakeholder in the group C (large institute and shareholders) should be kept satisfied because?
A They love to have knowledge
B They are in the high power and high interest zone
C They can move to level A at any time
D Then can move to the key player level D at any time
43 The stakeholder in the level B (community and charity) is not important at all
Trang 2121
E Existential or Person culture
46 Which of the following is also called as club or spider web culture
A Power Culture
B Role Culture
C Task Culture
D Existential or Person culture
47 Which of the following statement about power culture is incorrect?
A The organization is capable of adapting quickly to changes
B Personal influence decrease as the size of the organization grows over 20 people
C Leader has direct communication with rest of the employee’s
D These type of organization have strict bureaucratic rules and regulations
E These Organizations are club of like minded people introduce by like minded people
48 Army, Navy, Air Force, Police and intelligence agencies are example of ……… culture
A Power Culture
B Role Culture
C Task Culture
D Existential or Person culture
49 Role culture organization relay on formal communication rather than informal communications and are best for large formal organizations
A True
B False
50 Blue soft corp has a task to develop a banking software for one of its client Mr James was the project in charge while Mr Remand was the lead programmer Staff respect and accept the authority of Mr Remand because of its skills and knowledge he have and shown in this project rather than the project in charge What kind of culture is blue soft corp is?
A Power Culture
B Role Culture
C Task Culture
D Existential or Person culture
51 IT companies, knowledge base companies, construction and building companies are the example of ………
Trang 2222
Explanation
6 Power culture is effective if the size is under or near 20 people
10 Best for stableorganization when large and when the work is predictable
12 In Task culture the main focus is on the task to complete it in the best effective way
13 There is no dominated or clear leader
14 Task culture is expensive because expert charge market price
21 Greater Centralization and top down chain of command and closer supervision
27 These are the qualities of a men / masculinity
28 It’s always exists with the formal one
37 Internal stakeholders are the company employees and the management
38 Stakeholder has link in personal or finance like employee or bank While shareholders are the owner of the co
43 They are important and they should be kept informed
Chapter 4 Ethical considerations.
1 ……… Played a very important role in development of the rules for the individuals and many of them are still in place today
Trang 2323
A Fraud
B Rules
C Duty
D Teeth and Gums
13 The concept of Utilitarianism was propounded by ………
A Kent
B Maxwell
C Herzberg
D Jeremy Bentham
14 Kent believe that ………
A Rule should not be followed if their results are not favored
B Rules should only be followed if they suit you
C Rules must be obeyed no matter what the consequences may be
D Rules and regulations are not important at all
15 Rights and Virtues mean that individuals have natural inherent rights that should not be abused
20 Social responsibility hit shareholder interest in the following way Select the one incorrect
A Additional cost in order to protect environment and implement safety laws
B Resources utilize on social objective which reduce funds, productivity and profits
C Diversion of employee efforts in work
D Its increase short term stock price
E Diversion of funds in social projects
21.An environmental audit is useful in assessing which particular areas of your business impact on the environment, and to what extent An audit is also an effective risk management tool which enables you to check how effectively your business acts in accordance with environmental legislation
B Integrity based program
C Compliance based approached
D None of the above
25 Only professional accountants not students are expected to behave in accordance with the professional code of ethics, and to maintain standards of moral behavior that are expected from a professional body
A True
B False
Trang 2424
26 Whistle blower is a person who ………
A Use to blower whistles while working
B Warn you when there is a fire or other emergency in the organization
C Disturb the worker with his poor habits
D Disclosure by an employee of illegal, immoral or illegitimate practice on the part of the organization or body of people
27 What is the key reason for an accountant to act or behave ethically?
A The accountant impression and personality will increase
B In order to secure this job it is required to do so
C This ethical behavior serves to protect the public interest
33 Which of the following is the personal quality of an accountant? State the one incorrect
A Reliability and Respect
39 Ethics in organization Companies have to follow legal standards, or else they will be ………
A No law in order in the organization
B Poor production and quality issues
C Subject to fine by authorities and their officers might also face similar charges
D A big cut in the corporate earnings
Trang 2542.Key reasons for accountants to behave ethically: State the one incorrect?
A Ethical issues may be a matter of law and regulation and accountants are expected to apply them
B The profession requires members to conduct themselves and provide services to the public according to certain standards By upholding these standards, the profession’s reputation and standing is protected
C Accountant has a fear for losing his job
D An accountant’s ethical behavior serves to protect the public interest
43
These MCQs are prepared after hard work and keeping Students help & need in mind In order to keep the work updated with professional’s we need donation for payments in future If you like to help others you can add your contribution on the following link
5 They exit to serve the external purpose and managers are responsible for it
12 The certainty of legal rules does not exist in ethical theory
19 Because its reduce profit and increase cost E.g Water treatment plant
22 False Environmental scanning is a process of gathering, analyzing, and dispensing information for tactical or strategic purposes
25 Both must follow
27 A is also a good choice but C is the best one
33 RRRTC Remember none of the professional quality start with these 5 letters Just remember RRRTC
38 Yes because some time they do certain things that gave them inner satisfaction and those result as negative for the org
42 Whistle blowing frequently involves financial loss for the whistleblower.
Trang 2626
Chapter 5 Corporate governance and social responsibility
1 Stewards are the owner of a company They are not accountable to anyone
3 Shareholder of the company received relevant information of the company by ……… Source
A News papers and magazines
B TV or News channels
C Emails or by stock exchanges
D Audited accounts / annual reports
4 Agency theory of management states that managers ………
A Should manage the organization that will benefit the stake holders
B Should manage the organization that will benefit the Shareholders only
C Management seeks to service their own interest and only look after the performance of the company
D Manager has the duty of care, for all the stake holders and share holder of the company
5 ……… states that management has a duty of care, not just to the owners of the company in terms of maximizing shareholder value, but also to the wider community of interest, or stakeholders
7 Which of the following is not the feather of poor corporate governance?
A Dominate by single individual / Lack of involvement of the board
B Lack of adequate control function / Lack of supervision
C Lack of independent scrutiny / lack of contact with shareholders
D Emphasis on short term profitability / Misleading accounts and information
E None of the Above
8 In few cases it is observed that Board is dominated by a single senior executive while other members merely acting like a rubber stamp
A True
B False
9 In most countries, what is the usual purpose of codes of practice on corporate governance? (BPP)
A To establish legally binding requirements to which all companies must adhere
B To set down detailed rules to regulate the ways in which companies must operate
C To provide guidance on the standards of best practice that company should adopt
D To provide a comprehensive framework for management and administration
10 The performance of the Director in the board cannot be assessed by the board
12 ……… is the type of board in which board of directors are legally charged with the responsibility of govern the company
A One tier board / unitary system
B Two tier board
C Non Executive board
D Supervisory board
13 ………system there is an executive management board of directors and this is monitored by a supervisory board of directors
A Single type BOD
B One tier board / unitary system
C Supervisory board
D Two tier board
14 Which of the following task should not to be performed by the board of directors?
Trang 2727
A Monitoring the C.E.O and overseeing strategy
B Monitoring the human capital including training, morale, and remuneration etc
C Monitoring risk and control system
D Interfere management daily business operations
15 The board of directors should be of same knowledge and work experience to have a uniform policy
21 What is the key risk associate, if the director’s accountability is associate to its performance?
A That he will get angry
B Over work will cause negative effect on this heath
C Interference in other people work
D Attention being diverted away from making the company profitable, potentially damaging the long-term success of the business
22 Non-executive directors have executive (managerial) responsibilities
C Independent / Outsource experts
D CEO and Chairman
28 ……….Can provide help and assistance in the case of any problem facing by the external auditors
Trang 2828
C Audit committee
D Nomination committee
30 Which of the following is not the duty of the audit committee?
A Review of the financial statement
B Liaison with external auditors / review of internal auditor
C Review of the internal control / Investigation
D Review of the financial risk or risk management
E None of the above
31 Which of the following is not the social responsibility strategy?
34 According to the stakeholder view, CSR is in the long-term interests of shareholders because it helps to secure stakeholder support, access
to resources, sustainable business relationships and so on
A True
B False
35 Which of the following is not the driving force for the development of corporate governance?
A Increasing internationalization and globalization
B Differential treatment of domestic and foreign investors
C Concerning over financial reporting
D High profile corporate scandals
E Empowerment of lower management
36 The board that meet irregularly or fail to consider systematically the organization’s activity and risk are sign of ………
A Good corporate governance
B Lack of none executive directors participation
C Weakness and ineffectiveness
D Normal activity
37 Rapid turnover of staff in the accounting or control department will results into ………
A Creating new vacancies for fresh graduates
B Out of turn promotions and rise in salary
C Put extra work load on the sales and recovery team
D Make control more difficult because of lack of continuity
38 Time has proved that the principle of employee’s supervision by senior management has failed to reduce or control large losses for the organization Employee’s incompetence, negligence and fraudulent activity cannot be control by supervision
41 What is the ultimate risk of poor corporate governance?
A Company will have a poor internal control structure
B Board of director will consider for outsourcing internal control department
C Shareholders will start selling their shares in the capital market
D May results in bankruptcy or may be even closed by govt authorities due to serious regulatory breaches etc
42 What is the responsibility of a Public Oversight Board? (PP)
A The establishment of detailed rules on internal audit procedures
B The commissioning of financial reporting standards
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C The creation of legislation relating to accounting standards
D The monitoring and enforcement of legal and compliance standards
43 Board of Directors should take the following decisions Which of the following one is incorrect?
A Mergers and takeovers
B Acquisitions and disposals of large or valuable assets
C Material purchases and determines minimum inventory level
D Investments / Bank borrowings / Capital projects
E Repayment of foreign currency transactions etc
44 Corporate governance gave permission to the none-executive directors to take part in share options scheme
49 Sustainability reporting in the financial accounts mean……
A That the company should disclose about its future plans
B About its going concern
C Social transformation, ethical, safety, health and environment management policies and practices
D About getting information from internal and external sources
50 Sustainability reporting is also known as social responsibility report
Trang 301 They are the executive managers and accountable to shareholders
10 Their performance can be check
15 Should have a mix bag of knowledge and experience
16 Should have industry knowledge and expertise
19 It should be done only once a year
22 Non-executive directors have no executive (managerial) responsibilities
24 These both committees should have only NEDs
26 NEDs will not get any pension after retired
38 Supervision has turn in reduction of employee’s poor performance related issues
46 There should be a mix of both Directors and N.E.Ds with N.E.Ds in majority
47 These both committees are totally consist of NEDs
48 The nomination committee only recommends the names to the BOD Their appointment is done by the board
Chapter 6 The micro economic environment
1 ……… Mean that the expenditure, output and income will all have the same total value
A Circular flow of income
B Circular flow of expenditure
B The multiplier effect and confidence
C Inflation and saving
D Interest and exchange rate
E All of the above
7 Total expenditure in the economy is one way of measuring the national income
Trang 31C Recovery and Boom
D All of the above
16 The fall in national income is called recession
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25 A consumer price index (CPI) is based on a chosen 'basket' of items which consumers purchase
A True
B False
26 Which of the following is indicated by the CPI data? Choose the best answer given below
A Indicator of inflationary pressure in the economy
B Benchmark for wages negotiations
C Determine annual increase in Govt Benefits payments
D All of the above
E None of the above
27 When inflation become excessively high it is called ………
A Cost push inflation
B Demand pulls inflation
C Import cost factors
D Expectations
32 ……… inflation resulting from an increase in the costs of production of goods and services, e.g Through escalating prices of imported raw materials or from wage increases
A Cost push inflation
B Demand pulls inflation
C Import cost factors
Trang 3347 ……….is the annual percentage increase in national output, which typically fluctuates in accordance with the trade cycle
A Potential economic growth
B Actual economic growth
Trang 34D None of the above
59 Governments can rise ……… To protect domestic industry
D None of the above
65 An ……… Is collected by the Revenue authority from an intermediary (a supplier) who then attempts to pass on the tax to consumers in the price of goods they sell
A Indirect tax
B Donation
C Direct tax
D None of the above
66 Which of the following is not the type of Indirect tax?
A Regressive tax
B Proportional tax
C Progressive tax
D Capital gain tax
67 A……… Takes a higher proportion of a poor person's salary than of a rich person's Television licenses and road tax are examples
A Regressive tax
B Proportional tax
C Progressive tax
D Capital value tax
68……… Takes the same proportion of income in tax from all levels of income
A Regressive tax
B Proportional tax
C Progressive tax
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D Capital value tax
69 ……… Takes a higher proportion of income in tax as income rises
B Interest rates and exchange rates
C Monetary system and availability of credit
D Public borrowing and spending
74 High inflation brings economic uncertainty
81 If the country is having deficit in its current account (balance of payment) what are the consequences it may suffer? (any two)
A It has to borrow more and more from aboard to meet the difference Encourage more to invest In Govt Bonds etc
B It has to sell its foreign or local assets to the foreign investors
C Its exchange rate will rise and will have a good impact on its exports
D It will result in the reduction of interest rates
82 A positive current account balance means that the country is importing more goods and services than it is exporting
Trang 3689 The government of XYZ has taken the following steps
1 The government will increase it public spending in health and education by 20 percent
2 That Government will issue Local currency bonds for local public to finance its deficit
3 That the rate of taxation will be reducing by 1 percent to increase demand
What kind of policy is this?
A Monetary policy
B Trade policy
C Exchange policy
D Fiscal policy
90 Following steps are taken the government below What are they called? Give the best one
1 Buying government bonds from the public puts money into circulation by paying investors who hold these bonds
2 The interest rates will be reducing by 100 basis points
3 The exchange rate will be reducing by 2 percent
4 Bank margin on credit will be eased
A Fiscal policy
B Exchange policy
C Trade policy
D Monetary policy
91 In economics the multiplier effects mean ………
A All investment and expenditures are added
B Combination of monetary and fiscal policy
C Injection of certain size leads to a much larger increase in national income
D None of the above
92 Aggregate demand made from several components of the circular flow Import is one of the main components of aggregate demand
A True
B False
93 Which of the following one is not the factor of unemployment?
A Redundancies
B Voluntary quitting the job
C School leaving without jobs
96 Tariq textile use to employee large number of employee’s for its cotton unit For the last 2 years almost 35% of employees was dismiss due
to poor cotton crop in the country and the textile units was in a decline due to high prices of raw material What type of unemployment is this?
Trang 375 Its rarely in a stable state
11 The total demand for goods and services in the economy is equal to the total supply of goods and services in the economy
17 Recession tends to occur quickly, while recovery is typically a slower process
20 Because the value of money reduce
21 Imports will be cheap and export will be expensive
24 Its required some inflation
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36 Seasonal employment and frictional unemployment will be short-term
40 T is possible to create more jobs without reducing unemployment
43 Structural unemployment, technological unemployment, and cyclical unemployment are all longer term, and more serious
50 The rate of extraction of natural resources will impose a limit on the rate of growth
52 Firms need to invest more and this requires financing This finance can only come from higher savings which in turn require the population
to consume less
54 Increase in National income due to increase in price is not a real national income
55 Full employment does not mean that everyone who wants a job has one all the time, but it does mean that unemployment levels are low, and involuntary unemployment is short-term
56 Creating full employment may lead to increased inflation rates
57 Taxation affects consumers' purchasing power
70 A specific tax is charged as a fixed sum per unit sold
73 Public borrowing and spending are the feature of fiscal policy
78 The difference between the value of goods and services exported out of a country and the value of goods and services imported into the country is balance of trade While balance of payment is the total accountings record (import and exp) of a single country with the rest of the world and its difference
82 A positive current account balance means that the country is exporting more goods and services than it is importing
85 In the capital account, physical assets such as a building or a factory are recorded
87 Its help to reduce the current account deficit
92 Aggregate demand = (consumption + investment+ Govt Investment + export) Minus (-) imports
Chapter 7 The business environment
1 The political environment is of particular importance in ……… Trades
A Domestic
B International
C Barter
D None of the above
2 The ……… Was set up to promote free trade and resolve disputes between trading partners
A European union
B Asian Trade
C Euro Zone
D World Trade Organization
3.The theory of comparative advantage suggests that free trade is the best way to promote global economic growth and, by implication, domestic prosperity People should be free to buy and sell goods and services anywhere in the world
D None of the above
5 Organization offer and encourage retirement on the following reasons State the one incorrect
A Promotion opportunities for younger workers
B Earlier retirement is an alternative to redundancy
C The age structure of an organization become unbalanced
D The cost of providing pensions rise with age
E None of the above
6 When an employee leaves the organization it is important to ………
A To have a farewell party
B To gave him a certification of its work
C To take advice from his experience
D To take an exit interview to find out the reason of exit
7 The period of notice required for the employee to leave the job should be set out in the………
A Notice board of the company
B Should be on the desire of the worker
C Contract of employment
D None of the above
8.The European Union operates a single European market, allowing for the free movement of labor, goods and services, and free competition
Trang 39D None of the above
12 ……… Is dismissal that breaches the contract of employment? Or a situation in which an employee's contract of employment has been terminated by the employer in circumstances where the termination breaches one or more terms of the contract of employment
A Arbitrary dismissal
B Redundancy
C Wrongful dismissal
D None of the above
13 Wrongful dismissal also called wrongful termination or wrongful discharge
A True
B False
14 When an employee is dismissed without any fair or justify reason by the employer is called a ………
A Arbitrary dismissal / unfair dismissal
B Redundancy
C Wrongful dismissal
D None of the above
15 The purpose of ……… is mainly to provide protection to employees, against unfair treatment or exploitation by employer
A Exploitation law
B Corporate law
C General laws
D Employment law
16 When an employer is found guilty of unfair dismissal He is required to ……… (give multiple answer)
A Say sorry to the employee
B Pay him the substantial compensation
C Re-employ him on the job
D Fired is fired no need for anything
17 Redundancy is not an unfair dismissal
A True
B False
18 Which of the following case redundancy is not treated as dismissal?
A When the owner has decided to close the company completely
B When the section in which he employed is closed permanently
C When due to new technology and equipment or govt Action work is not required?
D When the employer dismiss without any good reason
19 Which of the following case employer is entitled to pay compensation to the employee in the case of redundancy?
A When he has offer suitable transfer and employee reject it without good reason
B When worker conduct deserve dismissal without notice Or principle violation of contract
C When the owner has decided to close the company completely
D The employee is of pensionable age or over, or has less than two years' continuous employment
20 ABC Corporation has decided to dismiss 2 employees out of 6 who are no longer required due to the installation of new computerized machine which will reduce the work Which if the 2 will be dismissed by the company?
A The most senior 2 of the company as they are near to the age of retirement
B One from the senior and one from the junior
C Both from the middle so both junior and senior will protected
D The most recent hired
21 ……… Is required to provide a safe place of work for their employees
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B Directors
C Managers
D Board of Directors
24 Which of the following is not the duty of an employee?
A Take care of them self and the others close to them
B Allow the employer to carry out his or her duty or enforcing safety rules
C To handle machines and tools carefully and to do its own work as per rules
D Inform the managers or owner about possible occurring problems
E None of the above
25 Accident should be report on a ………
A Notice board
B Corner office
C Accident report form
D News paper and magazines
26 Serious accidents which result in death or major injury or at-least 3 days off work for the victim such all should be notified to the………
29 Which of the following are the features of a health and safety policy? Select the incorrect one
A Statement of principles / Training requirements
B Detail of safety procedures / detailed instructions on how to use equipment
C Compliance with the law
D None of the above
30 Computerized data belongs to individuals can be misused and easily be transferred to unauthorized third party at high speed and low cost
34 Which of the following statement about the rights of data subject is not correct?
A In the case of unauthorized disclosure, destruction, or distress caused data subject can claim compensation in the court of law
B He can ask the court to correct the data belongs to him in case of incorrect
C Data subject can apply the court to obtain access (mean to view the details) to the data which he or she is subject
D S(he) can sue the data holder for any damage cause due to his misuse of data causing any damage
E Data holder can obtain the data and disclose it publicly
35 Population and labor market Increasing birth rate mean less labor and falling death rate mean more young people
A True
B False
36 Woman’s are more in work because of Which of the following statement is incorrect?
A More part time jobs
B Rising male unemployment as many industries which employed men have declined
C The growth of the service sector
D An increase in the average age at which women have children
E None of the above
37.Information technology makes the information processing work of middle managers redundant (extra)
A True