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Assessment F1

Chapter 1

11. Limited companies term limited liabilities means ..A .Risk is generally restricted to the amount that they have invested in the companyB. Risk is linked to investor personal holdings.C. That the funds they invest in the company are secured.D. None of the above.12. A limited company has a separate legal personality from its owners (shareholders).A. True B. False.

Chapter 2

9. When most of the administration work is carried out by the HQ this type of act is known as A. Head office interference.B. De-Centralized

C. CentralizationD. Security/control.

10. Which of the following is the role of the finance function?A. Raising fundsB. Recording and controllingC. Provide information to the managersD. Reporting to the stakeholdersE. All of the above.

Chapter 3

14. Management information system (MIS) provide structured information (Organized information) and havean internal focus.A. TrueB. False.15. Decision support system (DSS) are system that provide support for managers in making decision for.. Problems.A. StructuredB. Visible

C. DocumentedD. Unstructured or Semi structured.

Chapter 4

21. High power distance culture expects more decentralization and top-down chain of command with nosupervision.A. TrueB. False.22. When the interest of the individual come before the collective interest of the group this is calledA. Uncertainty avoidanceB. Masculinity

C. IndividualismD. Power Distance.

Chapter 5

17. refer to the payments for service to which a company is not legally entitled. E.g.Donation for election to political party.A. ExtortionB. Grease money

C. BriberyD. Gifts.

18. Peter is a project director in ENL limited. He was facing problem in obtaining the NOC from the localauthority to start it works which his company was legally entitle. The Local officer was asking some money tospeed up the process which was given 1000 $ by Peter.The act of the Peter is an example of A. ExtortionB. Grease money

C. BriberyD. Gifts.

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Chapter 6

22. Non-executive directors have executive (managerial) responsibilities.A. TrueB. False23 . Are responsible for determining appropriate levels of remuneration for executive

directors and other senior managers.A. Directors

B. Non Executive Directors

C. Board of executives

D. Senior managementChapter 7

20. In Inflation the person who owed money have advantage over the lender.A. TrueB. False.21. In a country where rate of inflation is higher its imports will be expensive and exports will be cheaper.A. TrueB. False

Chapter 8

9. The termination of an employee contract by the employer is not considered as dismissal in UK.A. TrueB. False.10. is a dismissal when the worker quit the job due to the employer conductbreach the employment contract.A. RedundancyB. Voluntarily dismissal.

C. Constructive dismissalD. Arbitrary dismissal.

Chapter 9

46. Which of the following are the five competitive forces influences the state of competition in the industry?State the

one incorrect.A. The threat of new entrants to the industryB. The threat of substitute products or servicesC. The bargaining power of customersD. The bargaining power of suppliersE. The rivalry amongst current competitors in the industryF. None of the above.

54. According to Porter there are three generic strategies for competitive. Which one is false?A. Cost leadershipB. Inhibitors.

C. DifferentiationD. Focus

55. Cost leadership means being the lowest cost producer in the industry as a whole.A. True B. False

Chapter 10

2. When Auditors are agree with the Financial Statement prepaid by the Company they issue a....................ReportA. Uncorrected ReportB. Qualified ReportC. Management attention reportD. Unqualified Report.3. Internal Auditors are ............................... Of the company.

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A. CopsB. Non Executive DirectorsC. Financial advisorsD. Employees.