Which of the following steps in the strategic planning process should be completed first?
A. Create a mission statement.
B. Translate objectives into goals.
C. Determine actions to achieve goals.
D. Develop performance measures.
Junior Auditor Paper held on 08-07-2023
Junior Auditor Past Paper 08-07-2023
When a company is able to reduce fixed cost per unit by producing in large quantities, this is known as:
A. Differentiation
B. Economies of Scale
C. Competitive Advantage
D. Focus
Which of the following is not a business opportunity generated by globalization?
A. Access to low cost labour.
B. Cheap International transport.
C. Currency crises.
D. Less stringent regulation of the business environment.
DELL sold most of its computers directly to its customers, thus saving
A. Indirect cost
B. Direct cost
C. Marketing & miscellaneous cost
D. Retail markups
The financial information has to be checked for:
A. Completeness
B. Consistency
C. Accuracy
D. All of the above
Negative feedback should be directed toward:
A. Any and all shortcomings
B. Behavior that can be controlled
C. Improving understanding between parties
D. None of these
Carrying Cost is the cost:
A. Associated with initiating the work order
B. Associated with having inventory on hand
C. Associated with counting and handling specific quantities
D. Associated with processing the invoice
Inflation is measured with which of the following indicators?
A. Dow Jones Index
B. Consumer Price Index
C. Consumer Confidence Index
D. Corporate Profits
_______ refers to the process of recruiting, training, and sustaining a high level of employee performance.
A. Strategic management
B. Human resource management
C. Personnel management
D. Financial management
Body language, verbal intonation, the size of an office, and the clothes that are worn are all examples of:
A. nonverbal communication
B. verbal communication.
C. noise
D. feedback