Description : Equipment level information is obtained from ____ & ____ a) name plate data & schedule information b) low unit cost & financial data c) Both a & b d) none of the above
Last Answer : name plate data & schedule information
Description : The management of people/labor should be handled by what department in an organization? (a) Administration ; (b) Human Resources ; (c) Information Systems ; (d) Accounting
Last Answer : (b) Human Resources ;
Description : When making a location decision at the region/community level, which of these would be considered? a. government government rules, attitudes, attitudes, stability, stability, incentives incentives b ... d. zoning restrictions restrictions e. air, rail, highway, highway, waterway waterway systems
Last Answer : c. cost and availability of utilities
Description : The responsibility for adopting sound accounting policies, maintaining adequate internal control, and making fair representations in the financial statements rests a. With the management. b. With the independent ... c. Equally with management and the auditor. d. With the internal audit department.
Last Answer : With the management
Description : A/An ________ is a formal evaluation of an organization's financial statements, performed either by an outside accounting firm or by an internal department. (a) Revenue operating budget ; (b) Incident log ; (c) Financial audit ; (d) Balance sheet budget
Last Answer : (c) Financial audit ;
Description : 'Six-tenth factor' rule is used for estimating the (A) Equipment installation cost (B) Equipment cost by scaling (C) Cost of piping (D) Utilities cost
Last Answer : (B) Equipment cost by scaling
Description : Which of the following is not a component of the fixed capital for a chemical plant facility? (A) Raw materials inventory (B) Utilities plants (C) Process equipment (D) Emergency facilities
Last Answer : (A) Raw materials inventory
Description : In an engagement to perform agreed-upon procedures, an auditor is engaged to: a. Use accounting expertise as opposed to auditing expertise to collect, classify, and summarize financial information. b ... and the entity and any appropriate third parties have agreed and to report on factual findings
Last Answer : Carry out those procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings
Description : ______ are system programs, which are responsible for proper functioning of devices. A. Device Drivers B. Language translators C. System Utilities D. Operating system
Last Answer : A. Device Drivers
Description : ______ is the first layer of software loaded into computer memory when it starts up. A. Device Drivers B. Language translators C. System Utilities D. Operating system
Last Answer : D. Operating system
Description : Operating Systems, editors and debuggers comes under: a) System Software b) Application Software c) Utilities d) None of The Above
Last Answer : a) System Software
Description : The project scope statement furnishes the basis for: 1. Provides links to the clients functional management groups 2. Allowing the project to move to the next phase . A way to provide updated information to the accounting department
Last Answer : 1. Provides links to the clients functional management groups
Description : When an organisation attempts to control its marketing activities, it may find it difficult to A)determine their effect on sales volume. B)use the information it collects. C)obtain the necessary information. D)get the accounting department to co-operate.
Last Answer : C)obtain the necessary information
Description : ________ Accounting becomes a source of information for Management Accounting. A. Financial B. Cost C. Both (A) and (B) D. None of the above
Last Answer : A. Financial
Description : Which of these factors factors would be consider be considered when ed when making a location ocation decision decision at the site level? a. government government rules, attitudes, ... availability availability of utilities utilities e. proximity proximity to raw materials materials and customers
Last Answer : c. zoning regulations
Description : From the following which material handling equipment is used in Robot centered layout of FMS a.Industrial Robot b.Conveyor systems c.Rail guided vehicle system d.None of the above
Last Answer : a.Industrial Robot
Description : An indiference curve measures ______ level of satisfaction derived from different combinations of commodity X and Y. (1) same (2) higher (3) lower (4) minimum
Last Answer : (1) same Explanation: An indifference curve may be defined as the locus of points, each representing a different combination of two substitute goods, which yield the same utility or level of ... is indifferent between any two combinations of goods when it comes to making a choice between them.
Description : From the following which material handling equipment is used in ladder layout of FMS a.Conveyor systems b.AGVS c.Both A & B d.None of the above
Last Answer : c.Both A & B
Description : Cost incurred towards __________ in a chemical plant is a component of the utilities cost. (A) Water supply (B) Running a control laboratory (C) Property protection (D) Medical services
Last Answer : (A) Water supply
Description : Effluent treatment cost in a chemical plant is categorised as the __________ cost. (A) Fixed (B) Overhead (C) Utilities (D) Capital
Last Answer : (C) Utilities
Description : Total product cost of a chemical plant does not include the __________ cost. (A) Market survey (B) Operating labour, supervision and supplies (C) Overhead and utilities (D) Depreciation, property tax and insurance
Last Answer : (A) Market survey
Description : Utilities cost in the operation of chemical process plant comes under the (A) Plant overhead cost (B) Fixed charges (C) Direct production cost (D) General expenses
Last Answer : C) Direct production cost
Description : 'Utilities' in a chemical process plant includes compressed air, steam, water, electrical power, oxygen, acetylene, fuel gases etc. Utility costs for ordinary chemical process plants ranges roughly from __________ percent of the total product ... 1 to 5 (B) 10 to 20 (C) 25 to 35 (D) 35 to 45
Last Answer : (B) 10 to 20
Description : Is it unheard of for a financial aid department to request personal tax information?
Last Answer : I never had to do that, but when I googled the verification form, I found this sounds like they decided to verify the information on your application and that is why they want your tax documents. From this, it sounds like if you don’t do it, they can deny your financial aid.
Description : Entry criteria' should address questions such as I. Are the necessary documentation, design and requirements information available that will allow testers to operate the system and judge correct behavior. II. Is the test environment-lab, ... B. I, II and III C. I, II, III and IV D. II, III and IV.
Last Answer : A. I and II only
Description : Operational audits generally have been conducted by internal and COA auditors, but may be performed by certified public accountants. A primary purpose of an operational audit is to provide: ... statements. d. A means of assurance that internal accounting controls are functioning as planned
Last Answer : A measure of management performance in meeting organizational goals
Description : Double entry system is used in which type of accounting a) Cost b)Financial c) Management d) All
Last Answer : b)Financial
Description : --------- is a system where persons are made responsible for control of cost a) Cost accounting b) Financial accounting c) Responsibility accounting d) None of these
Last Answer : c) Responsibility accounting
Description : A control system where accountability is established with responsibility is known as -------------- a) Cost accounting b) Responsibility accounting c) Financial accounting d) None of the above
Last Answer : b) Responsibility accounting
Description : A system where accounting is established with responsibility a) Responsibility accounting b) Financial accounting c) Cost accounting d) Budgeting
Last Answer : a) Responsibility accounting
Description : f a company determines cost of goods sold each time a sale occurs, it a. must have a computer accounting system. b. uses a combination of the perpetual and periodic inventory systems. c. uses a periodic inventory system. d. uses a perpetual inventory sy
Last Answer : a. must have a computer accounting system.
Description : Which of the following is a true statement about inventory systems? a. Periodic inventory systems require more detailed inventory records. b. Perpetual inventory systems require more detailed inventory ... perpetual system determines cost of goods sold only at the end of the accounting period.
Last Answer : b. Perpetual inventory systems require more detailed inventory records.
Description : The underlying conditions that create demand by users for reliable information include the following except: a. Decisions are not time-sensitive. b. Transactions that are numerous and complex. c. ... records by distance and time. d. Financial decisions that are important to investors and users
Last Answer : Decisions are not time-sensitive
Description : An attestation engagement is one in which a CPA is engaged to: a. Assemble prospective financial statements based on the assumptions of the entity's management without expressing any Testify as an expert ... or prepare a tax return based on financial information the CPA has not audited or reviewed.
Last Answer : Issue a written communication expressing a conclusion about the reliability of a written assertion that is the responsibility of another party
Description : In "auditing" accounting data, the auditor is concerned with a. Analyzing the financial information to be sure that it complied with government requirement. b. Determining if fraud has ... that occurred during the accounting period. d. Determining if taxable income has been calculated correctly
Last Answer : economic events that occurred during the accounting period.
Description : A typical objective of an operational audit is to determine whether an entity's a. Internal control structure is adequately operating as designed b. Operational information is in ... are functioning efficiently and effectively d. Financial statements present fairly the results of operations
Last Answer : Specific operating units are functioning efficiently and effectively
Description : A operational audit is primarily oriented toward a. Future improvements to accomplish management’s goals. b. Past protection provided by existing internal control. c. Operational information is in accordance with generally accepted accounting principles. d. Financial statements are fairly presented.
Last Answer : Future improvements to accomplish management’s goals.
Description : Which of the following is an example of an assurance engagement? a. Management advisory services b. Reporting on financial statements prepared using other comprehensive basis of accounting. c. compilation of financial information d. preparation of tax returns
Last Answer : Reporting on financial statements prepared using other comprehensive basis of accounting.
Description : Independent auditing can best be described as a. A branch of accounting. b. A regulatory function that prevents the issuance of improper financial information. c. A professional activity that ... . A discipline which attests to the results of accounting and other functional operations and data.
Last Answer : A discipline which attests to the results of accounting and other functional operations and data.
Description : Independent auditing can best be described as a a. Subset or branch of accounting. b. Professional activity that measures and communicates financial accounting data. c. A discipline or ... of financial statements. d. Regulatory activity that prevents the issuance of improper financial information
Last Answer : A discipline or professional activity that attests to the fair presentation of financial statements.
Description : The direct advantages of accounting do not include A. Preparation of financial statements B. Comparison of results C. Competitive advantage D. Information to interested groups
Last Answer : C. Competitive advantage
Description : Disclose accounting information a) Balance sheet b) Trading account c) Profit and Loss Account d) Financial statements
Last Answer : d) Financial statements
Description : The statement prepared to disclose accounting information are known as----- a) Comparative statements b) Common size statements c) Financial statements d) None of the above
Last Answer : c) Financial statements
Description : Setting the number of defects before the lot is rejected, is a direct responsibility of : 1. a functional worker 2. the project manager 3. management 4. the accounting department
Last Answer : 3. management
Description : All of the following conditions are indicators of possible pressures on an entity except a. The industry in which the entity operates is declining. b. There is inadequate working capital ... products or customers. d. There is a significant and prolonged understaffing of the accounting department
Last Answer : There is a significant and prolonged understaffing of the accounting department
Description : Out of the following, what is not the work of purchase department: (a) Receiving purchase requisition (b) Exploring the sources of material supply (c) Preparation and execution of purchase orders (d) Accounting for material received
Last Answer : (d) Accounting for material received
Description : Realising that his new video game will be on the edge of contributing some profit in its second year, Gary lobbies hard to have the accounting department assign other projects in the firm ... . These costs are called __________ costs. A)fixed B)variable C)traceable common D)nontraceable common
Last Answer : D)nontraceable common
Description : Similarities between cost, financial and management accounting?
Last Answer : A chart of accounts provides a listing
Description : The management accounting can be stated an extension of (i) Cost Accounting (ii) Financial Accounting (iii) Responsibility Accounting A. Both (i) and (ii) B. Both (i) and (iii) C. Both (ii) and (iii) D. (i), (ii), (iii)
Last Answer : D. (i), (ii), (iii)
Description : The process by which accountants use their knowledge of accounting rules to manipulate the figures reported in the accounts of a business in known as- (a) Financial accounting (b) creative accounting (c) cost accounting (d) fair value accounting
Last Answer : B. CREATIVE ACVOUNTING