Professional Documents
Culture Documents
A. Individual
B. Personal
C. Social
D. Common
A. Centralization
B. Delegation
C. Work division
D. Synergy
A. Responsibility
B. Productivity
C. Divisibility
A. Adam smith
B. Fredrick Taylor
C. Mintzberg
D. Webber
A. General public
B. Government
C. Public at large
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6 Wide span of control means:
7. Span of control and chain of command has _______________ with each other
A. Direct relation
B. Congruent relation
C. Inverse relation
D. No clear relation
A. Shareholders
B. Directors
C. Brokers
D. Stakeholders
A. Strategic apex
B. Technostructure
C. Middle line
D. Operating core
B. Delayering
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11 Which of the following organizational structures will have greater centralization?
A. Functional structure
B. Divisional structure
C. Team structure
D. Matrix structure
A. Government
B. Financial analysts
C. Consumers
A. Internal auditors
B. Management
D. Shareholders
14 Arrange the following needs in the correct order starting from the higest level need under
Maslow's needs hierarchy theory:
A. Belonging
B. Physical
C. Security
D. Self Actualization
E. Self Esteem
15 Arrange the following in correct order starting from top most rank in the list at first place
A. Employee
B. Continental director
C. Section manager
D. Functional manager
E. Country director
F. Supervisor
G. Regional director
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16 Tick the statement(s) which is (are) TRUE in relation to internal audit?
A. Internal audit department is not connected with the executive functions of entity
B. Internal auditor usually reports to non-executive directors or those charged with governance
C. Internal audit department monitors the decisions taken by the management
D. None of the above
17 Minutes of meeting means the number of minutes for which meeting will be held
A. True
B. False
18 An organisational Information System (IS) can be a hybrid of computer based and manual based
information system
A. True
B. False
19 Salaries paid to the staff of accounting department are accounted for as:
A. Selling cost
B. Administrative cost
C. Financial cost
D. Audit fee
i. Code of ethics
A. I only
C. II only
21 “Businesses do not have responsibilities, only people have responsibilities”. Milton gave this
argument to mean:
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B. Owners responsibilities towards managers
22 To control Dengue disease local government has instructed to preserve clean water in a way that
mosquitos don’t have access to it as it is considered that dengue mosquito lay eggs in clean water.
Quality control department of Tescon Engineering has hundreds of water tanks at different
construction sights.
These are quite large in numbers therefore it is decided that steps will be taken only if any
government official visit the site.
A. Accommodating
B. Defensive
C. Reactive
D. Proactive
23 In recent years large number of highly skilled individuals especially doctors left Pakistan for good
as they were protesting for increase in their compensations and were not willing to settle for less
monthly salaries. This rendered significant majority of doctors unemployed.
A. Structural unemployment
B. Cyclical unemployment
C. Frictional unemployment
D. Classical unemployment
24 Government of Banana republic wants to abolish unemployment in the country. They came up
with a plan that will achieve this objective. However, this policy is facing criticism as it will cause
increase in inflation.
A. Yes
B. No
25 Ad valorem tax is a type charge placed by government on the price of the product which is:
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B. Fixed percentage of amount specified by tax authorities
26 “Poor are poor because they spend more than earned whereas rich are rich because they spend
less than earned and thus high percentage of tax should be applied for poor and less percentage of
tax rich”
A. Progressive
B. Proportional
C. Regressive
A. Progressive tax
B. Proportional tax
C. Regressive tax
28 Applying more direct taxes and encouraging citizens to save money will help fight:
C. Deflation
D. Hyper deflation
A. Management
B. General public
C. Stakeholders
D. Shareholders
A. Customers
B. General public
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C. Shareholders
D. Audit committee
32 For entities it is mandatory to follow the requirements of applicable accounting standards and
related regulations. However, under extremely rare circumstances to prepare relevant and reliable
financial statements entities are allowed to deviate from such requirements. This relaxation is called:
A. Regulation retrograde
B. Legal suspension
D. Allowed alternative
A. Managers
B. Employees
C. Suppliers
D. Internal auditor
34 While entering email address in an online form if you forgot to mention “@” or address does not
follow a specific syntax then error message is displayed notifying you to check the email address.
A. Detection controls
B. Correction controls
C. Prevention controls
D. Formation controls
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35 Securities and Exchange Commission of the country requires every company to retain its records
for a period of 5 years from the period to which they relate.
A. Data Backup
B. Data Archiving
C. Data storage
D. Data restoration
A. Prepayments
B. Inventory
C. Cash
D. Liabilities
37 Which of the following controls will help eradicate collusion with customer frauds?
A. Shareholders
B. Government
C. Courts
A. True
B. False
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40 A company has recently started its operations in a far off village. Labour is skilled however, they
often get stuck executing their task and sometime take longer than usual time to finish the task.
Which of the following can help them achieve better performance?
A. Coaching
B. Mentoring
C. Counseling
D. Meeting
A. True
B. False
42 If the two parties having a communication have opposing personalities than this can result in:
A. Psychological noise
B. Social noise
C. Logical noise
D. Peer noise
43 An assistant has prepared a presentation for board meeting to visualize performance of ongoing
projects.
However, he has used too many pictures tables and pictures thus it is not easy to understand the
situation easily. His supervisor has asked him to improve the presentation.
A. Medium
B. Channel
C. Feedback
D. Encoding
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Section B
1 Label the following diagram
2(a) Which of the following measures help reduce inflation in the economy?
A. IV only
2(b) Government of Banana republic wants to abolish unemployment in the country. They came up
with a plan that will achieve this objective. However, this policy is facing criticism as it will cause
increase in inflation.
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iii. Increase savings rates
A. I only
B. I and II only
D. III only
A. I and II only
B. II only
C. I only
A. I only
B. II only
D. III only
A. I only
B. II only
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D. I, II and III
4(b) A company has recently introduced a scheme in which employees are paid according to their
performance. If a certain level of performance is achieved employees are promised for increased
incentives.
However, after few months it is observed that even after the incentive scheme is announced there is
no significant betterment in employees’ performance. What can be the reason?
C. Other companies in the same industry are paying better incentives for same amount of work
A. Theorist
B. Pragmatist
C. Activist
D. Reflector
6 Fraud is a deliberate attempt to misstate financial information to gain unfair advantage or benefit.
Though the risk cannot be completely eliminated however, it can be reduced if appropriate control
actions are taken.
1. Training
2. Segregation of duties
3. Job rotation
A. 1 and 2
B. 2 only
C. 1, 2 and 3 only
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D. All 4 mentioned
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