Business and Technology MCQ Quiz in தமிழ் - Objective Question with Answer for Business and Technology - இலவச PDF ஐப் பதிவிறக்கவும்
Last updated on Mar 30, 2025
Latest Business and Technology MCQ Objective Questions
Top Business and Technology MCQ Objective Questions
Business and Technology Question 1:
Which function within an organisation is primarily responsible for ensuring that only properly authorised purchases that are necessary for the business are made?
Answer (Detailed Solution Below)
Business and Technology Question 1 Detailed Solution
Correct Answer: C
Explanation:
The purchasing or procurement function is responsible for authorising purchases (and suppliers) and approving. The other functions contribute, however: production, by requisitioning only needed items; goods inwards, by checking that what was purchased is what is in fact received; and accounts, by seeking proper documentary evidence and authorisation for payment.
Business and Technology Question 2:
To whom should the internal audit department of an organisation report in order to maintain independence and objectivity?
Answer (Detailed Solution Below)
Business and Technology Question 2 Detailed Solution
Correct Answer: B
Explanation:
In order to control the risks of fraud and error, the internal audit department should be separate from the finance department.
Business and Technology Question 3:
Gordon works in the accounts department of a retail business and is reviewing sales figures for various clothing categories. The director asks the team to use exception reporting to summarise their findings.
Which of the following best defines the concept of "exception reporting" in a business context
Answer (Detailed Solution Below)
Business and Technology Question 3 Detailed Solution
Correct Answer: B
Explanation:
Exception reporting focuses attention on those items where performance differs significantly from standard or budget.
Business and Technology Question 4:
All of the following, with one exception, are areas in which an integrated accounting software package offers advantages over a series of separate (stand-alone) dedicated programs.
Which one is the exception?
Answer (Detailed Solution Below)
Business and Technology Question 4 Detailed Solution
Correct Answer: D
Explanation:
An integrated package is expected to do everything, so it may have fewer facilities than specialised modules (especially as it also requires more computer memory).
The other options are advantages of integration: ability to update multiple records from one data entry; ability to extract data from all relevant sources to compile specified reports; and less likelihood of discrepancies in different records.
Business and Technology Question 5:
Which one of the following is an aim of the control system relating to payables and purchases?
Answer (Detailed Solution Below)
Business and Technology Question 5 Detailed Solution
Correct Answer: C
Explanation:
All the other aims relate to the control system relating to receivables and sales.
Business and Technology Question 6:
Which one of the following statements about accounting information is NOT correct?
Answer (Detailed Solution Below)
Business and Technology Question 6 Detailed Solution
Correct Answer: D
Explanation:
Non-commercial undertakings still prepare annual financial statements, for accountability to their trustees, members or funding bodies.
Business and Technology Question 7:
Which combination of demand and supply curves would be appropriate for a firm attempting to increase its profits by increasing its market share?
Answer (Detailed Solution Below)
Elastic demand, elastic supply
Business and Technology Question 7 Detailed Solution
Correct Answer: B
Explanation:
To increase market share requires greater quantities of the firm’s products to be both demanded and supplied. To sell more, a firm needs to lower price. For this to be profitable, demand must be elastic. To produce more, supply must also be elastic.
Business and Technology Question 8:
Janet works for a toy company called K Co. She telephones Mary at P Co on a daily basis to order parts. Janet has no contact with customers but does deal with complaint letters from D Group, an organisation against slave labour. D Group believe that K Co use slave labour in the toy manufacturing factories.
Which of the following are internal stakeholders of K Co?
Answer (Detailed Solution Below)
Janet only
Business and Technology Question 8 Detailed Solution
Explanation:
Internal stakeholders include employees and management and so Janet is the only internal stakeholder. Customers and suppliers (like Mary at P Co) are connected stakeholders. Pressure groups such as D Group are external stakeholders.
Business and Technology Question 9:
The tasks of which body include: monitoring the chief executive officer; formulating strategy; and ensuring that there is effective communication of the strategic plan?
Answer (Detailed Solution Below)
The board of directors
Business and Technology Question 9 Detailed Solution
Correct Answer: C
Explanation:
These are some of the roles fulfilled by the board. The audit committee reviews financial statements, audit procedures, internal controls and risk management. The Public Oversight Board monitors and enforces legal and compliance standards. The nomination committee oversees the process for board appointments.
Business and Technology Question 10:
A large supermarket chain has purchased land for a new out-of-town shopping development in an area of recognised natural beauty.
The organisation is now preparing plans for infrastructure development (road access, parking, power) and construction.
Into which quadrant of the above power/interest matrix would the organisation place local nature appreciation groups, and what strategy does this indicate?
Answer (Detailed Solution Below)
Keep informed
Business and Technology Question 10 Detailed Solution
Correct Answer: B
Explanation:
Local nature appreciation groups would have high interest (due to potential environmental impacts) but relatively low power: because of their high interest, though, they might be able to band together or lobby to increase their power. So a ‘keep informed’ strategy is appropriate to segment B.