Business and Technology MCQ Quiz - Objective Question with Answer for Business and Technology - Download Free PDF
Last updated on Jun 30, 2025
Latest Business and Technology MCQ Objective Questions
Business and Technology Question 1:
Which one of the following would NOT typically form part of a fraud response plan?
Answer (Detailed Solution Below)
Business and Technology Question 1 Detailed Solution
Correct Answer: C
Explanation:
These are measures for fraud prevention and control. A fraud response plan specifically deals with investigating and dealing with the consequences of identified frauds.
This includes taking immediate steps to secure the security of records that will be investigated and launching an investigation into the method and extent of fraud.
Business and Technology Question 2:
Which one of the following statements about fraud prevention is NOT true?
Answer (Detailed Solution Below)
Business and Technology Question 2 Detailed Solution
Correct Answer: B
Explanation:
Performance-based rewards increase pressures and motivation for managers to manipulate results.
Business and Technology Question 3:
Which word or phrase correctly completes the following sentence?
"________ constitutes any financial transactions whose purpose is to conceal the origins of the proceeds of criminal activity."
Answer (Detailed Solution Below)
Business and Technology Question 3 Detailed Solution
Correct Answer: C
Explanation:
The statement is the definition of money laundering.
Business and Technology Question 4:
The initial disposal of the proceeds of an illegal activity into apparently legitimate business activity is known as what?
Answer (Detailed Solution Below)
Business and Technology Question 4 Detailed Solution
Correct Answer: A
Explanation:
The order is placement, layering and integration.
Business and Technology Question 5:
Which of the following would most clearly present a personnel-related risk of fraud within an organisation?
Answer (Detailed Solution Below)
Staff not taking their full holiday entitlements
Business and Technology Question 5 Detailed Solution
Correct Answer: C
Explanation:
This may seem like normal behaviour in a ‘workaholic’ office culture, but failure to take full holiday entitlement may signal an employee trying to prevent a temporary replacement from uncovering a fraud. The other options are factors in reducing risk: lack of segregation enables fraud to go undetected; low staff morale is often a motive for fraud (in retaliation against the firm); and an autocratic management style may prevent questioning.
Top Business and Technology MCQ Objective Questions
Business and Technology Question 6:
Which of the following is a key characteristic of a partnership?
Answer (Detailed Solution Below)
Business and Technology Question 6 Detailed Solution
The correct option is option 3
Additional Information:
In a traditional partnership, partners share profits, control, and responsibility, including liability.
Business and Technology Question 7:
Which of the following statements is/are true?
(1) An informal organisation exists within every formal organisation
(2) Objectives of the informal organisation are broadly the same the formal organisation
(3) A strong, close-knit informal organisation is desirable within the formal organisation
Answer (Detailed Solution Below)
Statement (1) only
Business and Technology Question 7 Detailed Solution
Explanation:
Statement (2) is not true, because the informal organisation has its own agenda.
Statement (3) is not true, because a strong informal organisation with its own agenda can undermine the formal organisation: create damaging rumours, safety/quality shortcuts, distractions from task goals etc.
Business and Technology Question 8:
Which of the following statements is/are true?
(1) An informal organisation exists within every formal organisation
(2) Objectives of the informal organisation are broadly the same the formal organisation
(3) A strong, close-knit informal organisation is desirable within the formal organisation
Answer (Detailed Solution Below)
Statement (1) only
Business and Technology Question 8 Detailed Solution
Explanation:
Statement (2) is not true, because the informal organisation has its own agenda.
Statement (3) is not true, because a strong informal organisation with its own agenda canundermine the formal organisation: create damaging rumours, safety/quality shortcuts, distractions from task goals etc.
Business and Technology Question 9:
Which of the following is an advantage of a flat organisational structure?
Answer (Detailed Solution Below)
Business and Technology Question 9 Detailed Solution
The correct option is option 3
Additional Information:
- Flat structures simplify hierarchy, promoting faster communication.
- Fewer levels = quicker decisions and better teamwork.
Business and Technology Question 10:
Which of the following states the four cultural types identified by Handy?
Answer (Detailed Solution Below)
Business and Technology Question 10 Detailed Solution
Explanation:
Resource, individualism, uncertainty, dynamism and bureaucratic are not cultural types per Handy.
Business and Technology Question 11:
Machine learning is an example of which of the following?
Answer (Detailed Solution Below)
Business and Technology Question 11 Detailed Solution
Explanation:
Machine learning uses networks, statistics and operational research to identify insights in data without being programmed what to conclude and is an example of artificial intelligence.
Business and Technology Question 12:
Which of the following statements are true?
(1) With a shared service centre services are likely to be less tailored
(2) The IT function is commonly provided using shared service approach
(3) A shared service centre is not part of the organisation
Answer (Detailed Solution Below)
Statements (1) and (2) only
Business and Technology Question 12 Detailed Solution
Explanation:
The shared service centre is created within the organisation and is a part of it, although its relationship is similar to that of an external service provider.
Business and Technology Question 13:
An organisation would consider offshoring its manufacturing operation in order to lower costs and gain access to skilled production labour.
Is this statement true or false?
Answer (Detailed Solution Below)
Business and Technology Question 13 Detailed Solution
Correct answer: A.
Explanation:
This is a true statement. Offshoring is a viable alternative if an organisation is attempting to reduce costs and/or seeking skilled labour.
Business and Technology Question 14:
In order to discharge their duties ethically, finance directors must ensure that the information published by their organisations provides a complete and precise view of the
position of the business, without concealing negative aspects that may distort the reader’s perception of its position.
This duty describes which of the following ethical principles?
Answer (Detailed Solution Below)
Business and Technology Question 14 Detailed Solution
The correct option is option 4
Additional Information:
A professional accountant acting in accordance with fundamental ethical principles is demonstrating objectivity when they give a complete and precise view, which by implication means that negative aspects should not be concealed or positive aspects accentuated.
Business and Technology Question 15:
Penny has recently placed some of his earnings into a scheme which is designed to reduce the amount of tax he pays to the Government. The scheme is legal, but a Government minister has described it as ‘frustrating the intentions of Parliament’. The scheme is therefore an example of:
Answer (Detailed Solution Below)
Business and Technology Question 15 Detailed Solution
The correct option is option 3
Additional Information:
- Tax evasion is illegal. Tax avoidance is used to describe schemes that frustrate the intentions of Parliament, while tax mitigation describes schemes that do not frustrate the intentions of Parliament.