1)Ethicscan bedefinedas:

1. A synonymous term foracountry'slegal system
2. Rules that guideus inour everyday behaviour, thoughtsandactions
3. Botha. & b.are correct
4. None of the options are correct

2)Which of the following statements regarding internal auditingis nottrue?

1. Internal auditingcanimproveanorganisation'soperationsbyproviding guidance for management decisions.
2. Internal auditingcanimproveanorganisation'soperations by providing guidance formoreefficient business operations.
3. Internal auditingis asubjective assuranceandconsulting activity designed to add valueandimproveanorganisation'soperations.
4. Internal auditingisundertaken by professionals who evaluateandimprove an organisation'srisk management, controlandgovernance processesto addvaluetothe organisation.

3) If afirm failedtodisclose billions of dollarsinshort term debtin itsannual financial report thathas beendistributedtoshareholders, who shouldbefound guilty?(i)Directors of the board, (ii) Internal auditor, (iii) External auditor.

1. (i) (ii) (iii)
2. (i) (ii)
3. (ii) (iii)
4. (i) (iii)

4) A successful implementation ofanERP systemis:

1. Complex
2. Time-consuming
3. Expensive
4. All of the options are correct.

5)When considering new opportunities for technology within the organisation,it iscritical to consider:

1. whether the technologyis thelatest available
2. whetherthetechnology aligns with the overall organisational strategy
3. whether the technologyisuser friendly
4. All of the options are correct

6)Feasibility analysis does not involve determining whether:

1. the new systemcosts toomuch
2. the users withinthe organisationwill accept the new system
3. the new systemcanbebuilt withinaspecific period
4. the legal environmentissuitable for the new system

7) Toachieve the overall objective of the purchasing phaseinthe expenditure cycle,anorganisationneeds to:

1. Approve and authorise initiated purchases properly.
2. Ensure that accepted goods and services must meet qualityanddelivery specifications.
3. Recordallpurchase commitmentsandobligations accurately.
4. All of the options are correct.

8) Which of the followingisNOTaconcern of the expenditure cycle?

1. Favourable settlement terms are negotiated withthesupplier.
2. Payments match supplier invoice, purchase orderanddelivery docket.
3. Payments are made by authorised employees_
4. There are sufficient goodsinthe finished goods inventory to fulfil the customer's order.

9) A cost leadership strategy would indicate that:

1. Suppliers whocanprovide goods of suitable qualityat alower price should be selected.
2. Suppliers who can provide goods at the lowest price should be selected.
3. Suppliers whocanprovide goods atalower priceandthe longest settlement periodshould
4. beselected.
5. Suppliers aligned with the organisation'soverall business strategy should be selected.

10)There are two perspectives of organisational design:

1. Logicalandphysical
2. Internal and external
3. Functional and business process
4. Scientific and practical