Controlling Test

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Controlling Test - 41

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Weekly Quiz Competition

Question 1
1 / -0

When employee resistance provokes a well-grounded debate and constructive criticism leading to improvements in the change process, it is called -

A
positive resistance

B
negative resistance

C
passive resistance

D
none of the above

Solution

A positive resistance is such that there is no harm done to the company or the employers but the desired results are achieved by the employees. An example of positive resistance might be when an employee's provocation leads to improvements in the change process.
Question 2
1 / -0

Which of the following is not an example of traditional control devices?

A
Budgetary Control

B
Standard Costing

C
Financial Ration Analysis

D
Zero Base Budgeting

Solution

Traditional techniques are those which have been used by the companies for a long time now. However, these techniques have not become obsolete and are still being used by companies. These include:
(a) Personal observation
(b) Statistical reports
(c) Breakeven analysis
(d) Budgetary control
Question 3
1 / -0

Which of the following is correct in relation to "overcoming to resistance to change"?

A
Change should be properly planned.

B
Change is more effective if it is developed after due participation by all concerned.

C
Advice to specialized staff may be sought while introducing change.

D
All of above

Solution

The problem of resisting to change can be solved by proper prior planning which can be implemented well. The change is more accepted when it has been introduced after the recommendations or participation of everyone in the organisation. For a change to have better effect, it should be first discussed with specialised stuff and their advice can be sought.
Question 4
1 / -0

Which of the following is/are non-traditional control device(s) of control system?

A
Zero base budgeting

B
Standard costing

C
Budgetary control

D
All of above

Solution

Zero based budgeting is a type of budget which is prepared from scratch. It is not based on any previous budgets. All the expenses are freshly justified for each new period.

Question 5

1 / -0

Match the following:

List I	List II
(P) Break-Even Analysis	(1) Modern control devices
(Q) Internal Audit	(2) Directed towards the dynamic management of projects
(R) Management audit	(3) Traditional control device
(S) PERT system	(4) Widely used tool of managerial control

Select the correct answer from the options given below:

P- 4; Q- 3; R- 1; S- 2

P- 3; Q- 4; R- 2; S- 1

P- 3; Q- 4; R- 1; S- 2

P- 4; Q- 3; R- 2; S- 1

Solution

Break Even Analysis is a traditional control device. Internal Audit is widely used tool of managerial control. Management Audit and PERT are modern control devices. PERT stands for Programme Evaluation and Review Technique. It is directed towards the dynamic management of projects.

Question 6
1 / -0

Which of the following would not be an appropriate procedure for testing the general control activities of an information system?

A
Inquiries of a client personnel

B
Inspecting computer logs

C
Testing for the serial sequence of source documenyts

D
Examination of the organizational chart to determine the segregation of duties.

Solution

For testing general control activities of an information system, testing for serial sequence of source documents is not an appropriate procedure. It is done only to ensure if financial statements are prepared accurately having all necessary transactions recorded.
Question 7
1 / -0

Miscellaneous
_____________ refers to superior-subordinate relations throughout the organization.

A
Equity

B
Scalar Chain

C
Espirit de corp

D
Order

Solution

Straight chain of command that extends unbroken from the ultimate officer to the lowest ranks. The principle suggests that there should be a clear line of authority from top to bottom linking all managers at all levels. It is considered a chain of command. It involves a concept called a "gang plank" using which a subordinate may contact a superior or his superior in case of an emergency, defying the hierarchy of control. However the immediate superiors must be informed about the matter.
Question 8
1 / -0

Which of the following is not a function of generalized audit software?

A
To aid in the random selection of transactions for substantive testing

B
To run in parallel with the client's application software and compare the output

C
To test the mathematical accuracy by footing and cross- foot items in the accounting system

D
To keep an independent log of access to the computer application software

Solution

A generalized audit software does not have an independent log of access to the auditing software. The data can be browsed, sorted, summarized, stratified, analyzed, taken samples from, and made calculations, conversions and other operations with.
Question 9
1 / -0

If an auditor is using test data in a client's computer system to test the integrity of the systems output, which of the following type of controls is the auditor testing

A
General controls

B
User controls

C
Quantitative test controls

D
Application controls

Solution

If an auditor is using test data in a client's computer system, he is using application controls. This is done to ensure if the system is producing accurate data so as to avoid any computational errors.
Question 10
1 / -0

Which of the following is not a way of overcoming resistance to change?

A
Involving those who resist in the change process

B
Communication and discussion

C
Bullying and harassing people

D
Using symbols to signify a new era

Solution

Change is the part of every business organisation since it functions in a dynamic environment which changes now and then. To cope up and flourish in such environment an organisation needs to change its functions and policies accordingly. These changes sometime may result in resistance from employees. To overcome this change the management might need to involve those who resist in the change process in working, communicate and discuss with them and using symbols to signify a new era. Bullying and harassing people into towing line is not a way of overcoming resistance to change.

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Controlling Test - 41

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Controlling Test - 41

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Question 1

positive resistance

negative resistance

passive resistance

none of the above

Solution

Question 2

Budgetary Control

Standard Costing

Financial Ration Analysis

Zero Base Budgeting

Solution

Question 3

Change should be properly planned.

Change is more effective if it is developed after due participation by all concerned.

Advice to specialized staff may be sought while introducing change.

All of above

Solution

Question 4

Zero base budgeting

Standard costing

Budgetary control

All of above

Solution

Question 5

P- 4; Q- 3; R- 1; S- 2

P- 3; Q- 4; R- 2; S- 1

P- 3; Q- 4; R- 1; S- 2

P- 4; Q- 3; R- 2; S- 1

Solution

Question 6

Inquiries of a client personnel

Inspecting computer logs

Testing for the serial sequence of source documenyts

Examination of the organizational chart to determine the segregation of duties.

Solution

Question 7

Equity

Scalar Chain

Espirit de corp

Order

Solution

Question 8

To aid in the random selection of transactions for substantive testing

To run in parallel with the client's application software and compare the output

To test the mathematical accuracy by footing and cross- foot items in the accounting system

To keep an independent log of access to the computer application software

Solution

Question 9

General controls

User controls

Quantitative test controls

Application controls

Solution

Question 10

Involving those who resist in the change process

Communication and discussion

Bullying and harassing people

Using symbols to signify a new era

Solution

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