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NEW QUESTION 147
Which of the following principles is shared by both hierarchical and open organizational structures?
1) A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions
2) A supervisor's span of control should not exceed seven subordinates
3) Responsibility should be accompanied by adequate authority
4) Employees at all levels should be empowered to make decisions.
- A. 1 and 4 only.
- B. 2 and 3 only
- C. 3 and 4 only.
- D. 1 and 3 only.
Answer: D
NEW QUESTION 148
Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?
- A. Higher accounts payable
- B. Higher inventory balances
- C. Higher accounts receivable
- D. Higher cash flow and treasury balances
Answer: C
NEW QUESTION 149
According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?
- A. Report comparing processing results with original input
- B. Report identifying general ledger transactions by time and individual
- C. Report confirming that the general ledger data was processed without error.
- D. Report identifying data that is outside of system parameters
Answer: B
NEW QUESTION 150
Which of the following actions is most likely to gain support for process change?
- A. Demonstrate support from senior management.
- B. Set clear objectives.
- C. Establish key competencies.
- D. Engage the various communities of practice within the organization.
Answer: D
NEW QUESTION 151
The board has requested that the internal audit activity be involved in all phases of the organization's outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization's right-to-audit clause is drafted effectively?
- A. Decision-making and business-case phase.
- B. Implementation and transition phase.
- C. Tendering and contracting phase.
- D. Monitoring and reporting phase
Answer: C
NEW QUESTION 152
Which of the following is true of bond financing, compared to common stock, when all other variables are equal?
- A. Higher overall company earnings.
- B. Lower indebtedness.
- C. Lower shareholder control.
- D. Higher company earnings per share.
Answer: C
NEW QUESTION 153
An organization with an annual demand of 25.000 units correctly computes its economic order quantity to be
1,000 units Its safety stock is 300 units and the lead time is two days If there are 250 production days in a year what is the reorder point1?
- A. 1,000 units.
- B. 200 units.
- C. 300 units.
- D. 500 units.
Answer: D
NEW QUESTION 154
An organization has recorded the following profit and expenses:
Profit before interest and tax
$200,000
Sales
$2,300,000
Purchases of materials
$700,000
Interest expenses
$30,000
If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?
- A. $51,000
- B. $320,000
- C. $34,000
- D. $60,000
Answer: B
NEW QUESTION 155
Which of the following statements is most accurate with respect to various forms, elements, and characteristics of business contracts?
- A. A contract is a tool used by both suppliers and customers though it offers commercial assurance of the relationship, purely from a customer perspective
- B. Differing legal requirements affect the attitudes of contracting parties as well as the length content and language of contracts
- C. Collaboration during contract negotiation encourages stakeholders to develop consensus but typically increases cycle times and the likelihood that the contract will fail
- D. A contract is a tool used by both suppliers and customers, the model and complexity of which generally remains constant
Answer: B
NEW QUESTION 156
A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:
- A. Compare product identification codes by store for consecutive periods.
- B. Review store identification code and identify missing product identification codes.
- C. Sort on product identification code and identify missing product identification codes.
- D. Compare product identification codes for consecutive periods.
Answer: A
NEW QUESTION 157
Which of the following is a key responsibility of a database administrator?
- A. Provide physical security of databases
- B. Provide production support.
- C. Troubleshoot end user problems
- D. Maintain database integrity
Answer: D
NEW QUESTION 158
Which of the following most accurately describes the purpose of application authentication controls?
- A. To ensure the validity, accuracy, and completeness of outputs from business applications.
- B. To ensure that business applications are protected from unauthorized logical access.
- C. To prevent or detect errors in data processed using business applications.
- D. To ensure that data input into business applications is valid, complete, and accurate.
Answer: B
NEW QUESTION 159
A bank uses customer departmentalization to categorize its departments. Which of the following groups best exemplifies this method of categorization?
- A. Mortgages credit cards and savings
- B. Community institutional and agricultural banking.
- C. South southwest and east.
- D. Teller manager and IT specialist
Answer: B
NEW QUESTION 160
A restaurant deeded to expand its business to include delivery services rather than relying on third-party food delivery services. Which of the following best describes the restaurant's strategy?
- A. Diversification
- B. Differentiation
- C. Risk avoidance
- D. Vertical integration
Answer: D
NEW QUESTION 161
An organization had a gross profit margin of 40 percent in year one and in year two. The net profit margin was 18 percent in year one and 13 percent in year two.
Which of the following could be the reason for the decline in the net profit margin for year two?
- A. The government increased the corporate tax rate.
- B. The organization had a higher dividend payout rate in year two.
- C. Cost of sales increased relative to sales.
- D. Total sales increased relative to expenses.
Answer: C
NEW QUESTION 162
Which of the following best describes an objective for an audit of an environmental management system?
- A. To assess whether an annual control review is necessary.
- B. To evaluate executive management oversight.
- C. To promote environmental awareness.
- D. To determine conformance with requirements and agreements.
Answer: D
NEW QUESTION 163
An organization had three large centralized divisions: one that received customer orders for service work; one that scheduled the service work at customer locations; and one that answered customer calls about service problems. These three divisions were restructured into seven regional groups, each of which performed all three functions. One advantage of this restructuring would be:
- A. Improved work flow.
- B. Increased specialization.
- C. Greater economies of scale.
- D. Better internal controls.
Answer: A
NEW QUESTION 164
Which of the following budgets must be prepared first?
- A. Sales budget.
- B. Production budget.
- C. Selling and administrative expenses budget.
- D. Cash budget.
Answer: A
NEW QUESTION 165
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