ACCOUNTING & FINANCE IN SCM
Authored by D Venkatesh
Arts
Professional Development
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46 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Segregation of duties in supply chain management helps to:
Reduce transportation costs
Increase inventory levels
Prevent fraud and errors
Improve customer satisfaction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a common internal control in supply chain management?
Regular audits
Segregation of duties
Increasing transportation costs
Hierarchical authorizations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might supply chain managers work with legal and accounting professionals?
To increase inventory turnover
To ensure compliance with regulatory requirements
To reduce transportation lead time
To improve packing efficiency
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating profit?
Profit = Costs * Revenue
Profit = Revenue + Costs
Profit = Revenue - Costs
Profit = Costs / Revenue
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If supply chain costs increase, the profit margin:
Increases
Decreases
Remains unchanged
Doubles
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Ind AS addresses employee benefits?
Ind AS 12
Ind AS 19
Ind AS 24
Ind AS 33
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Borrowing costs are regulated by
Ind AS 1
Ind AS 16
Ind AS 23
Ind AS 32
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