MCQ Mock Sample 3 Flashcards
- You are asked to investigate if the installation of the new technology would be financially beneficial to your organisation. Which of the following tools would be applicable to this activity?
A. Cost Benefit Analysis
B. PERT chart
C. Project Scope
D. RACI matrix
A. Cost benefit analysis
- When looking to create change in a workplace, it is good practice to use a change management model. Which of the following is a change management model.
A. SWOT
B. Kotter’s 8 step model
C. McKinsey’s 7S model
D. Nudge theory
B. Kotter’s 8 step model
- Private limited companies must complete financial records at the end of the financial year. Which of the following is the name used for these records?
A. Balance sheets
B. Invoices
C. Overheads
D. Statutory accounts
D. Statutory accounts
- Do you have been supporting the accounts team as part of your development. You come across the term for the money the company keeps after all expenses and taxes are paid which of the following is this known as?
A. Net assets
B. Net cash flow
C. Net profit
D. Net zero
C. Profit
- You are reviewing your organisations finances at the end of the financial year. Which of the following is a positive variance?
A. Capital was 10% less than estimated
B. Overhead cost was 10% less than estimated
C. Profits were 5% less than estimated
D. Revenue was 5% less than estimated
B. Overhead cost was 10% less than estimated
- Your manager has asked you to research the term expenditure. Which of the following is the definition of expenditure?
A. Expenditure is the incoming and outgoing of cash within the company.
B. Expenditure is the payment made for the goods or services purchased by the company.
C. Expenditure is a reporter that captures details on the company’s current financial situation.
D. Expenditure is the spending plan based on the companies, income and expenses.
B. Expenditure is the payment made for the goods or services purchased by the company.
- You work for an organisation that operates in international market. Which of the following defines this mode of operation?
A. Organisations that operate in a domestic market.
B. Organisations that operate in a global market.
C. Organisations that operate in a national market.
D. Organisations that operate in a regional market.
B. Organisations that operate in a global market.
- Your organisation is being faced with a change in the demand for your product. Which internal factor is this most likely caused by?
A. Legislative change
B. Manufacturing factors
C. Market forces.
D. Physical resources
C. Market Forces
- There has been a delay in the supply chain which has impacted a large loyal customer. Which of the following is the best method of addressing this with the customer?
A. Communicate the full technical reasons for delay in the supply chain to the customer.
B. Communicate with the customer regularly, apologise and offer a discount for the inconvenience.
C. Inform the customer of the details and name of the supplier that has caused the delay.
D. After the customer potential solutions at a later date.
B. Communicate with the customer regularly, apologise and offer a discount for inconvenience.
- You are asked to undertake a project which has steps that will be in a sequence and signed off at each stage. Which of the following would be best to use?
A. Agile method
B. Resource analysis.
C. Risk assessment
D. Waterfall method.
D. Waterfall method.
