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NEW QUESTION 45
The list below has duties performed by risk managers and internal auditors. Show who would carry out the duties assuming the company has both risk managers and internal auditors.

Answer:

Explanation:

NEW QUESTION 46
TTO is seeking to recruit a new non-executive director TTO produces high quality women's clothing, which it sells to retailers Some clothing is sold under the retailer's own brand names, some is made on behalf of recognised clothing designers TTO is a well regarded company and its products are of a very high quality.
Several applications have been received, and the Board is seeking to make a shortlist by eliminating unsuitable candidates Which THREE of the following would make a candidate unsuitable for appointment to the post?

• A. Being an executive director of a company where TTO's CEO is a non-executive director.
• B. Being the brother of the finance director
• C. Holding the view that business is over regulated and company directors too heavily constrained by legislation
• D. Not having experience in fashion retail
• E. Having been employed by TTO as a senior sales manager until two years ago.

Answer: A,B,E

NEW QUESTION 47
Achieving the budget is often used as a good performance measure. However, there are problems with budgets which may mean they are not always good measures of performance.
Which TWO of the following statements about budgets suggest that they should not always be used to measure performance?

• A. Budgets may deliberately be set too low by managers so they are easily achieved and make the manager look good.
• B. Budgets are a commitment. They therefore act as a constraint on doing anything different.
• C. Budgets can be used to motivate staff if they are set correctly.
• D. Budgets can give people goals to achieve and if everyone strives to achieve these goals the whole organisation will benefit.

Answer: A,B

NEW QUESTION 48
V buys vegetables and fruit from three farms located in a different part of V's country and sells them to large supermarket chains.
A recent newspaper magazine had an article on these farms showing that the farms employ illegal immigrants whose status was used by the factory's owners to force them to work for low wages and in unpleasant conditions. They are forced to live in small overcrowded caravans with no running water. They are also given meals which are cold and poor quality. These farms are located in a developed country with strong labour laws.
Classify each of the following statements as true or false.

Answer:

Explanation:

NEW QUESTION 49
Which of the following statements concerning the use of balanced scorecards to measure divisional performance is correct?

• A. The input for balanced scorecard reports comes from many sources so it is not possible to misrepresent performance.
• B. Dysfunctional behaviour is impossible because divisional managers are evaluated on so many different decisions.
• C. Contradictory and inconsistent targets prevent balanced scorecards being a useful tool for performance evaluation.
• D. Dysfunctional behaviour is more difficult than under traditional reporting because a wide range of factors will be measured and reported.

Answer: D

NEW QUESTION 50
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