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WorksheetsDIP BUS (G 270-271) WK -14
Total questions: 30
Worksheet time: 30mins
If the Bank statement balance does not agree with the Book, then ______________
The cash book should be regarded as the correct record of transactions
The bank statement should be regarded as the correct record of transactions
A bank reconciliation statement should be prepared
The difference could be either a current asset or current liability
What is the main benefit of preparing a bank reconciliation statement?
If there is an error in the transaction kept in the cash book only
If there is an error in the transaction kept in the cash book and bank statement
If there is an error in the book of account
If there is an error in the transaction kept in bank statement only
Bank reconciliation statement is prepare to reconcile
The balance of cash book with Profit and Loss account of the firm
The balance of pass book with profit and loss account of the firm
The balance of bank column of cash book and the balance in pass book
The balance of cash column of cash book
These are cheques already issued for payments by the company but not yet presented by the payee to the bank for payment.
Deposit in transit
Outstanding cheques
NSF cheques
Not given
A bank statement
allows a depositor know the financial position of the bank as of a certain date.
is a credit reference letter written by the depositor's bank.
is a bill from the bank for services rendered.
shows the activity which increased or decreased the depositor's account balance.
What is NOT an element of the marketing plan?
Cost
Market position
Competitor analysis
They are all elements of a marketing plan
A brief account of the key points contained in a marketing plan
Executive Summary
Mission Statement
Company Description
Vision Statement
It is a continuous process of strategy creation.
strategic analysis
strategic implementation
strategic management
none of the above
Strategic purpose consists of
Macro-Shocks and industry forces
Crossing borders and new ventures
Growth, profitability, operational effectiveness, long term investments
Vision, mission, core values, objectives, strategy statements
A strategic planning process by which a company assesses and identifies the personnel needs of the organization.
Staffing Requirements
Facilities
Quality Control
Production Process
In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?
corporation
partnership
proprietorship
corporation
What type of business structure is owned by many people?
Corporation
Partnership
Sole Proprietorship
LLC
The best definition of a firm’s organisational culture is that:
shows exactly what job everyone does
shows the levels of management and division of responsibilities
is a system of shared values, and beliefs, which directs how people behave in organizations.
refers to the way in which products are made and pass through the factory.
A hierarchical organisation is one that has:
Few managers
Few layers of management
A large number of employees
A high number of layers of management
Which of the following is NOT an advantage of an organisational chart?
The chart shows how everybody is linked in the organisation.
Every member of staff can see their own position in the organisation.
It shows the chain of command and how authority passes down the organisation.
It indicates the detailed job description of each employee.
The stakeholder group most likely to be interested in financial performances of the business is
Competitors
Shareholders
Suppliers
Employees
The information resulting from a job analysis is used for writing ________.
job descriptions
corporate objectives
personnel questionnaires
training requirements
Which one of the following terms refers to the procedure used to determine the duties associated with job positions and the characteristics of the people to hire for those positions?
job description
job specification
job analysis
job context
What is performance management?
A.
Establishing expectations with employees
B.
Designing interventions and programs to improve performance
C.
Monitoring Success of interventions and programs
D.
All of the above
Which of the following describes Human Resource Development?
A.
Acquisition of (Knowledge, skills and abilities) to improve performance in one’s current job
B.
Acquisition of required to perform future job responsibilities and in the long-term achievement of individual career goals and organizational objectives
C.
Systematic and planned activities are designed by an organization to provide employees with an opportunity to learn necessary skills to meet current and future job demands.
D.
None of the Above
Which of the following describes Development?
A.
Acquisition of Knowledge, skills and abilities to improve performance in one’s current job
B.
Acquisition Knowledge, skills and abilities of required to perform future job responsibilities and in the long-term achievement of individual career goals and organizational objectives
C.
Systematic and planned activities are designed by an organization to provide employees with an opportunity to learn necessary skills to meet current and future job demands.
D.
None of the Above
The aim of the person analysis is to _____
describe the desired outcome of the training
determine the exact content of the training
identify the employee who needs training
set objectives for the employees who is being trained
Risk is
an indicator of a threat
the possibility of loss, damage, or any undesirable event
not the same as uncertainty
All of the above
Type of risk associated with the environment
Human
Economic
Financial
Natural
Type of risk caused by changes in business conditions
Human
Economic
Financial
Natural
Type of risk involving the financial state of a business
Human
Economic
Financial
Natural
Type of risk caused by human mistakes and unpredictability of consumers and employees
Human
Economic
Financial
Natural
