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MA1-Chapter Test 1

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MA1-Chapter Test 1
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A policies and procedures manual should result in staff using the same approach to work tasks. This increases __________________.

accuracy

consistency

efficiency

capacity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The __________ in an organisation is defined as a centre for information and administration.

manager

manual book

office

computer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an organisation chart?

To provide customers with the contact details of key personnel

To ensure employees know to whom they report to

To show authority and communication lines

To encourage teamwork between departments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an advantage of a decentralised administration function?

Local offices will have greater control over their administration

A consistent approach to administration is likely to be followed across local offices

Duplication of administrative tasks will be avoided

The overall administration cost is likely to be higher

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two statements relating to organisational policies and procedures are shown below.

  1. 1. A documented procedure provides a guide to be followed in a given set of circumstances.

  2. 2. A documented procedure usually contains more detail than a policy.

  3. Is each statement true or false?

Statement 1 is true, Statement 2 is false

Both statements are true

Statement 1 is false, Statement 2 is true

Both statements are false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Materials purchased on credit are now returned to the original supplier.

What double entry would be made to account for this return?

Debit: Materials control

Credit: Payables

Debit: Materials control

Credit: Bank

Debit: Payables

Credit: Materials control

Debit: Bank

Credit: Materials control

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A feature of a computerised accounting system is that it enforces controls on accounting entries and recording.

What is the impact of this feature?

Accountants are no longer necessary.

It enables communication with different business systems.

It reduces the risk of errors and fraud.

It saves system implementation costs.

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