Assessment F1 Chapter 1 11. Limited companies term limited liabilities means .. A .

Risk is generally restricted to the amount that they have invested in the company B. Risk is linked to investor personal holdings. C. That the funds they invest in the company are secured. D. None of the above. 12. A limited company has a separate legal personality from its owners (shareholders). A. True B. False. Chapter 2 9. When most of the administration work is carried out by the HQ this type of act is known as A. Head office interference. C. Centralization B. De-Centralized D. Security/control. 10. Which of the following is the role of the finance function? A. Raising funds B. Recording and controlling C. Provide information to the managers D. Reporting to the stakeholders E. All of the above. Chapter 3 14. Management information system (MIS) provide structured information (Organized information) and have an internal focus. A. True B. False. 15. Decision support system (DSS) are system that provide support for managers in making decision for .. Problems. A. Structured C. Documented B. Visible D. Unstructured or Semi structured. Chapter 4 21. High power distance culture expects more decentralization and top-down chain of command with no supervision. A. True B. False. 22. When the interest of the individual come before the collective interest of the group this is called A. Uncertainty avoidance C. Individualism B. Masculinity D. Power Distance.

Chapter 5 17. refer to the payments for service to which a company is not legally entitled. E.g. Donation for election to political party. A. Extortion C. Bribery B. Grease money D. Gifts. 18. Peter is a project director in ENL limited. He was facing problem in obtaining the NOC from the local authority to start it works which his company was legally entitle. The Local officer was asking some money to speed up the process which was given 1000 $ by Peter. The act of the Peter is an example of A. Extortion C. Bribery B. Grease money D. Gifts.

Chapter 6 22. Non-executive directors have executive (managerial) responsibilities. A. True B. False 23 . Are responsible for determining appropriate levels of remuneration for executive directors and other senior managers. A. Directors C. Board of executives B. Non Executive Directors D. Senior management Chapter 7 20. In Inflation the person who owed money have advantage over the lender. A. True B. False. 21. In a country where rate of inflation is higher its imports will be expensive and exports will be cheaper. A. True B. False Chapter 8 9. The termination of an employee contract by the employer is not considered as dismissal in UK. A. True B. False. 10. is a dismissal when the worker quit the job due to the employer conduct breach the employment contract. A. Redundancy C. Constructive dismissal B. Voluntarily dismissal. D. Arbitrary dismissal. Chapter 9 46. Which of the following are the five competitive forces influences the state of competition in the industry? State the one incorrect. A. The threat of new entrants to the industry B. The threat of substitute products or services C. The bargaining power of customers D. The bargaining power of suppliers E. The rivalry amongst current competitors in the industry F. None of the above. 54. According to Porter there are three generic strategies for competitive. Which one is false? A. Cost leadership C. Differentiation B. Inhibitors. D. Focus 55. Cost leadership means being the lowest cost producer in the industry as a whole. A. True B. False Chapter 10 2. When Auditors are agree with the Financial Statement prepaid by the Company they issue a.................... Report A. Uncorrected Report B. Qualified Report C. Management attention report D. Unqualified Report. 3. Internal Auditors are ............................... Of the company.

A. Cops B. Non Executive Directors C. Financial advisors D. Employees.