Mixed Banks Quiz 1-4

When a system is closed it is:

• Incapable of further technical enhancement

• Protected from unauthorised access

• Isolated from its external environment

What type of discrimination is this?

• Direct discrimination

• Indirect discrimination

• Victimisation

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

• To pay employee salaries

• To provide information to external auditors

• To record financial information

• To estimate how much to spend on production

Which of the following is a benefit of decentralisation?

• Decisions are made at one place in the organisation

• Reductions in bureaucracy

• Better crisis management

• Improves the motivation of junior managers

A narrow span of control would be suitable where

• The team is not dispersed across a wide area

• The work is of a routine nature

• There is little similarity between team members' work

• The team is very experienced

Which of the following would not be included in this analysis?

• New legislation coming into effect in six months' time

• Activities of overseas competitors

• Interest rates

• Independence of the non-executive directors

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

• Processing expense claims

• Seeking prompt payment from customers

• Managing the prompt payment of suppliers

• Recording staff salaries

Which of the following are undesirable features of bureaucracy?

• (1) It relies on the expertise of its members - not through standardised skills but by the importance of the mix of skills

• (2) Committees and reports slow down the decision-making process

• (3) Innovation is difficult

• (4) Over-prescriptive rules produce a simplistic approach to problems

Which of the following options are disadvantages of customisation?

• (1) It may delay delivery of the software

• (2) The user is dependent on the supplier for maintenance of the package

• (3) The company will not be able to buy 'add-ons' to the basic package

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

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

• Fixed costs

• Marginal costs

• Variable costs