Ünite Sınavı Soruları

Which of the following is designed to detect and anticipate deviations from standards at various points before relevant work is performed?

Which of the below is not one of the four perspectives of the balanced scorecard? 

Which of the following is true about "Total Cost"?

1. Feedforward Control 
2. Concurrent Control 
3. Feedback Control 

1. Anticipates problems
2. Corrects problems as they happen
3. Corrects problems after they occur

Which alternative gives the correct matches?

I. Personnel

II. Directors

III. Managers

Which of the factors above is internal control affected by?

...................................  is designed by companies for the purpose of efficient and effective business processes, reliable financial reporting, and compliance with rules and regulations are assessed through internal audit activities.

Which of the following completes the sentece best?

A-..are designed to determine how well those types of objectives and goals are being met.

B-...involves the fundamental control arrangements of the organization, those with which its members have to live day to day.

C-..regulates the day- to-day output relative to schedules, specifications, and costs.

I- Operational control

II- Tactical control

III- Strategic control 

What are the appropriate combination between the concepts and their corresponding explanations?

Which of the following is FALSE about types of budgets?

Which of the following statement is not correct? 

I.   Protect the company’s assets against waste, fraud, and inefficiency
II.  Ensure the reliability and integrity of accounting and operating data
III. Promote operational efficiency
IV.  Ensure that operations comply with all existing rules and regulations

Which of the above can be considered objectives of internal control? 

"Tactical control ..............."

Which of the following most appropriately completes the sentence above?

1. Internal control 
2. Effective internal control system 
3. The internal control system 
4. The internal audit 

1. is a process, effected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
2. has five components. These five components work to support the achievement of an entity’s mission, strategies, and related business objectives which are: control environment; risk assessment; control activities; information and communication; and monitoring.
3. designed by companies for the purpose of efficient and effective business processes, reliable financial reporting, and compliance with rules and regulations are assessed through internal audit activities.
4. examines the adequacy and effectiveness of internal controls and makes recommendations where control improvements are needed.

Which of the alternatives has the correct matches?

What is the most basic advantage of "Immediate corrective action" over "Basic corrective action"? 

1. The word control reminds us “to check, test, constrain or verify by evidence or experiment”.
2. To control means to adjust or to bring conformity to specifications or objectives that have been set.
3. Control is the opposite of chance. It is related to the notions of command and regulation.
4. Controlling is the systematic process of regulating organizational activities to make them consistent with expectations established in plans, targets, and standards of performance.
5. Controlling is the process of ensuring that all activities in the organization go according to planned activities

Which of the following alternatives gives the correct statements about "controlling"?

Which is the next step to take in control process when the variance is acceptable?

I- Setting performance standards

II- Measuring actual Performance

III- Comparing actual standards with other firms

IV- Taking corrective actions if necessary

V- Punishing workers

Which ones of the above are the steps in managerial control function?

1. Organizations use the Balanced Scorecard as a management control system to integrate different performance measures.
2. The Balanced Scorecard which is a management control system that enables organizations to clarify their vision and strategy and translate them into action.
3. The Balanced Scorecard balances traditional financial measures with operational measures.
4. The balanced scorecard is used primarily by top and upper-level managers.

Which alternatives gives the correct statements about balance score card?