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Group370's Final CBT practice

Total questions: 32

Worksheet time: 16mins

Name
Class
Date
1.

What document includes the agreement between the project supplier and the client?

a)

Project plan.

b)

Project brief.

c)

Project contract.

d)

Project summary.

2.

What stakeholders are used for a project from within an organization?

a)

Customers.

b)

Suppliers.

c)

Sponsors.

d)

Employees.

3.

How is a minor project risk dealt with?

a)

Avoid it.

b)

Control it.

c)

Accept it.

d)

Prioritize it.

4.

What project management tool shows timelines?

a)

Bar chart.

b)

Gantt chart.

c)

Life cycle cost analysis.

d)

Logistics support analysis.

5.

What is an industry guideline?

a)

Best practice.

b)

Legal requirements.

c)

Regulatory instructions.

d)

Manufacturers' codes.

6.

What is the term for anyone who has an interest in a project?

a)

Manager.

b)

Stakeholder.

c)

Supplier.

d)

Leader.

7.

How do formatting styles impact on a website design?

a)

They provide the user with extra features.

b)

They produce records and reports.

c)

They change the text color and size. 

d)

They make the text fade onto the screen.

8.

What is a characteristic of a speech?  

a)

House style.

b)

Notes.

c)

Writing style.

d)

Illustrations

9.

What is a comment linked to a photograph? 

a)

A footnote.

b)

A footer.

c)

A caption. 

d)

A reference. 

10.

What sequencing organizes items from A to Z?

a)

Chronological. 

b)

Operational. 

c)

Numerical.

d)

Alphabetical.

11.

Why is desktop publishing software used to create business documents?

a)

It has pre-designed professional layouts.

b)

It allows documents to be created quickly. 

c)

It has a range of printing options. 

d)

It enables text boxes to be used.

12.

Why are procedures important when managing a business operation?

a)

To support new opportunities.

b)

To estimate potential growth.

c)

To change product portfolio.

d)

To ensure staff work efficiently.

13.

What must a business strategy include to support innovation?

a)

Information on protecting copyright.

b)

Details of products to develop.

c)

Names of staff involved in design.

d)

Templates for new ideas.

14.

What is an operations control system?

a)

A sales development strategy.

b)

A management process to run the business.

c)

A budget analysis document.

d)

An innovation plan to improve technology.

15.

What business system is used to manage customer service?

a)

A customer management process

b)

A customer data management process.

c)

A customer relationships management system.

d)

A customer details management system.

16.

What is a principle of a business risk assessment? 

a)

Provide a safe workplace. .

b)

Be based on all information available

c)

Be independent of all other processes.

d)

Provide continual re-evaluation.

17.

What is a staff role in conducting financial transactions?

a)

Managing budgets.

b)

Checking the float.

c)

Reducing security risks.

d)

Balancing the register.

18.

What expense is included in an accruals accounting system but in a cash accounting system? 

a)

Insurance.

b)

Depreciation.

c)

Stationery.

d)

Electricity.

19.

What is shown in an income statement?

a)

Creditors.

b)

Equity.

c)

Rent paid.

d)

Fixed assets.

20.

How does a business record the purchase of a machine on credit?

a)

Debit machinery account. Credit suppliers account.

b)

Debit purchases account. Credit suppliers account.

c)

Debit machinery account. Credit bank account.

d)

Debit suppliers account. Credit machinery account.

21.

When reconciling what will appear in the cash book but on the bank statement?

a)

Dishonored check.

b)

Cash payment to petty cash.

c)

Wages check to an employee.

d)

Bank charges.

22.

What supports the security of personal details in accounting software?

a)

Virus protection.

b)

Employment law.

c)

Health and safety.

d)

Locked office.

23.

What is included in a procedure for reconciling tax records?

a)

Ensuring the correct amount of tax has been paid.

b)

Making a payment of outstanding tax.

c)

Balancing tax on sales invoices.

d)

Checking tax on bank interest.

24.

What is a procedure for obtaining informal customer feedback?

a)

Issuing a questionnaire.

b)

Completing performance reviews.

c)

Recording customer comments.

d)

Analyzing customer complaints.

25.

What are archival records?

a)

Ongoing.

b)

Current.

c)

Historic.

d)

Future.

26.

What is a unique identifier?

a)

A category.

b)

A password.

c)

A record creator.

d)

An individual classification.

27.

What is the action that should be taken if the bank statement and general ledger cannot be reconciled?

a)

Write off the difference.

b)

Contact the bank.

c)

Recheck all entries.

d)

Write a check for the difference.

28.

What is a financial control procedure?

a)

Reducing staff workload.

b)

Separating duties and funds.

c)

Setting budgets and targets.

d)

Providing staff training.

29.

What is a staff mandate?

a)

Job rotation.

b)

A process to share authority.

c)

A job description.

d)

Authority to manage a process.

30.

What formula is used in bank reconciliation procedures?

a)

Bank statement balance + outstanding deposits - outstanding checks = general ledger.

b)

Bank statement balance - outstanding deposits + outstanding checks = general ledger.

c)

Bank statement balance + outstanding deposits + outstanding checks = general ledger.

d)

Bank statement balance - outstanding deposits - outstanding checks = general ledger.

31.

Which letter is used to reference the vertical axis in a graph? 

a)

Y.

b)

X.

c)

Z.

d)

A.

32.

Which formula is used for adding cell range A1 to A4 together?  

a)

=A1+A4.

b)

 =SUM(A1:A4).

c)

 =SUM,A1,A4.  

d)

=TOTAL;A1:A4.