| 1. |
Capital Budgeting Decisions are: |
| A. | Reversible |
| B. | Irreversible |
| C. | for short term |
| D. | involves small amount |
| Answer» B. Irreversible | |
| 2. |
Which of the following is not incorporated in Capital Budgeting? |
| A. | Tax-Effect |
| B. | Time Value of Money |
| C. | Required Rate of Return |
| D. | Rate of Cash Discount |
| Answer» D. Rate of Cash Discount | |
| 3. |
PERT / CPM have to be used for proper ……………….. of all projects |
| A. | planning |
| B. | controlling |
| C. | staffing |
| D. | coordinating |
| Answer» B. controlling | |
| 4. |
BSC is important for ……… |
| A. | creating strategy |
| B. | controlling strategy |
| C. | evaluating the performance of a strategy |
| D. | mapping strategy |
| Answer» C. evaluating the performance of a strategy | |
| 5. |
Classification of responsibility center is based on the nature of the monetary …………… |
| A. | Inputs and/or outputs |
| B. | Inputs and outputs |
| C. | Inputs only |
| D. | Outputs only |
| Answer» A. Inputs and/or outputs | |
| 6. |
Discretionary expenses are expenses ……… |
| A. | that do not create value |
| B. | that do not hamper the operations immediately |
| C. | that are completely unnecessary |
| D. | that are necessary |
| Answer» B. that do not hamper the operations immediately | |
| 7. |
For the board of directors of the company, the entire company is a ………………. |
| A. | Profit center |
| B. | Expense center |
| C. | Responsibility center |
| D. | Investment center |
| Answer» C. Responsibility center | |
| 8. |
In a revenue center the primary measurement is …………………. |
| A. | Output in physical terms |
| B. | Input in cost terms |
| C. | Revenue |
| D. | Cost incurred by center |
| Answer» C. Revenue | |
| 9. |
In case of discretionary expense center, the financial center is primarily exercised at ………. Stage. |
| A. | Implementation |
| B. | Quality control |
| C. | Output |
| D. | Planning |
| Answer» D. Planning | |
| 10. |
In case of revenue center the output is measured in ……………. terms, but no formal attempt is made to relate ………………. |
| A. | Physical, quantity and quality |
| B. | Monetary, efficiency and effectiveness |
| C. | Monetary, input and output |
| D. | Monetary, output only |
| Answer» C. Monetary, input and output | |
| 11. |
In financial performance measurement most important is …………… |
| A. | EVA |
| B. | ROI |
| C. | Profit Margin |
| D. | MVA |
| Answer» A. EVA | |
| 12. |
Performance management is ……………. |
| A. | Strategic tool |
| B. | Re-engineering tool |
| C. | Business process |
| D. | Strategic management tool |
| Answer» C. Business process | |
| 13. |
Profit centre profit is calculated …….... |
| A. | before debiting Corporate overheads |
| B. | after debiting corporate overheads |
| C. | without considering corporate overheads |
| D. | along with corporate overhead |
| Answer» B. after debiting corporate overheads | |
| 14. |
A major part of strategy implementation is ……. |
| A. | Planning |
| B. | Communication |
| C. | Resource allocation |
| D. | Monitoring |
| Answer» C. Resource allocation | |
| 15. |
The Enterprise Performance Management core processes does not include which of the following? |
| A. | Financial Planning |
| B. | Operational Planning |
| C. | Business Analytics |
| D. | Consolidation and Reporting |
| Answer» C. Business Analytics | |
| 16. |
The Malcolm Baldrige Award is awarded by the Government of ………. |
| A. | Japan |
| B. | Russia |
| C. | U.K. |
| D. | U.S.A. |
| Answer» D. U.S.A. | |
| 17. |
The responsibility center whose inputs are measured in monetary terms, but whose output is not, is ……………….. |
| A. | Revenue center |
| B. | Expense center |
| C. | Profit center |
| D. | Investment center |
| Answer» B. Expense center | |
| 18. |
Two step transfer prices depend on ………………. |
| A. | ROI requirement |
| B. | profit requirement |
| C. | corporate profit requirement |
| D. | SBU profit requirement |
| Answer» C. corporate profit requirement | |
| 19. |
Which of the following does not belong to the category of quantitative performance indicators? |
| A. | Number of |
| B. | Proportion of |
| C. | Levels of |
| D. | Amount of |
| Answer» C. Levels of | |
| 20. |
Which of the following is correct? ROI = |
| A. | Income / Asset employed |
| B. | Revenue / Asset employed |
| C. | Cost / Revenue |
| D. | Profit / No. of shares outstanding |
| Answer» A. Income / Asset employed | |
| 21. |
Which of the following is not a financial performance measure? |
| A. | Opening cash flow |
| B. | Return on assets |
| C. | Market Cap |
| D. | Market share/growth |
| Answer» D. Market share/growth | |
| 22. |
Which of the following is not an entity with reference to Baldrige Criteria / Framework? |
| A. | Team Focus |
| B. | Customer Focus |
| C. | Operations Focus |
| D. | Work Force Focus |
| Answer» A. Team Focus | |
| 23. |
The selective and analytical approach to control investment in various types of inventories is known as …………………………… |
| A. | ABC Analysis |
| B. | Gross Margin Return on Investment (GMROI) |
| C. | Multiple Attribute Method |
| D. | Sell Through Analysis |
| Answer» A. ABC Analysis | |
| 24. |
The Sell Through Analysis is not about ……………………… |
| A. | Sales |
| B. | Inventory/ Sales Turn Over |
| C. | Sales Velocity |
| D. | Merchandise Management |
| Answer» A. Sales | |
| 25. |
The Non-profit Organization focus more on ……….. |
| A. | Social welfare/interests |
| B. | Surplus generation |
| C. | Funds mobilization |
| D. | Governance |
| Answer» A. Social welfare/interests | |
| 26. |
The time the activity would take if things did not go well is known as |
| A. | Pessimistic time |
| B. | Most likely time |
| C. | Optimistic time |
| D. | Average time |
| Answer» A. Pessimistic time | |
| 27. |
Which of the following is responsible for establishing a private company’s internal control? |
| A. | Management |
| B. | Auditors |
| C. | Management and auditors |
| D. | Committee of Sponsoring Organizations |
| Answer» A. Management | |
| 28. |
A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n) |
| A. | Cost center |
| B. | Revenue center |
| C. | Profit center |
| D. | Investment center |
| Answer» D. Investment center | |
| 29. |
In the balanced scorecard approach quality would come under which perspective? |
| A. | The internal perspective |
| B. | The customer perspective |
| C. | The financial perspective |
| D. | The innovation and learning perspective |
| Answer» A. The internal perspective | |
| 30. |
Performance management is believed to have originated from which country? |
| A. | Japan |
| B. | France |
| C. | Denmark |
| D. | USA |
| Answer» D. USA | |
| 31. |
The overall purpose of the balanced scorecard approach is to: |
| A. | Help turn strategy into action |
| B. | Benchmark against competitors |
| C. | Measure financial performance |
| D. | Measure product quality |
| Answer» A. Help turn strategy into action | |
| 32. |
The process of evaluating an employee’s current and/or past performance relative to his or her performance standards is called |
| A. | recruitment |
| B. | employee selection |
| C. | performance appraisal |
| D. | organizational development |
| Answer» C. performance appraisal | |
| 33. |
The term 'EVA' is used for: |
| A. | Extra Value Analysis |
| B. | Economic Value Added |
| C. | Expected Value Analysis |
| D. | Engineering Value Analysis |
| Answer» B. Economic Value Added | |
| 34. |
The U.S. National Quality Award is named after |
| A. | Joseph Juran |
| B. | Genichi Taguchi |
| C. | W. Edwards Deming |
| D. | Malcolm Baldrige |
| Answer» D. Malcolm Baldrige | |
| 35. |
Which of the following statements is false? Balanced scorecards |
| A. | Are one type of performance dashboard |
| B. | Can be cascaded to different levels/parts of organisations |
| C. | Cannot be used in conjunction with budgetary control systems |
| D. | Can be used to produce strategy maps |
| Answer» C. Cannot be used in conjunction with budgetary control systems | |
| 36. |
Which of the following statements regarding flaws suffered by financial measures is not correct: |
| A. | They are hard to quantify |
| B. | They do little to motivate employees to improve accounting profits |
| C. | They are not effective in getting managers' attention |
| D. | They are useful in identifying operational problems |
| Answer» D. They are useful in identifying operational problems | |
| 37. |
Which of the following variable does ROI examine? |
| A. | EBIT |
| B. | EVA |
| C. | ROI |
| D. | DuPont chart |
| Answer» B. EVA | |
| 38. |
A sound Capital Budgeting technique is based on: |
| A. | Cash Flows |
| B. | Accounting Profit |
| C. | Interest Rate on Borrowings |
| D. | Last Dividend Paid |
| Answer» A. Cash Flows | |
| 39. |
Capital Budgeting deals with: |
| A. | Long-term Decisions, |
| B. | Short-term Decisions |
| C. | Both (a) and (b) |
| D. | Neither a) nor (b) |
| Answer» A. Long-term Decisions, | |
| 40. |
Capital Budgeting Decisions are based on: |
| A. | Incremental Profit |
| B. | Incremental Cash Flows |
| C. | Incremental Assets, |
| D. | Incremental Capital. |
| Answer» B. Incremental Cash Flows | |
| 41. |
Capital Budgeting is a part of: |
| A. | Investment Decision |
| B. | Working Capital Management |
| C. | Marketing Management |
| D. | Capital Structure |
| Answer» A. Investment Decision | |
| 42. |
Which of the following is not applied in capital budgeting? |
| A. | Cash flows be calculated in incremental terms |
| B. | All costs and benefits are measured on cash basis |
| C. | All accrued costs and revenues be incorporated |
| D. | All benefits are measured on after-tax basis |
| Answer» C. All accrued costs and revenues be incorporated | |
| 43. |
Which of the following is not followed in capital budgeting? |
| A. | Cash flows Principle |
| B. | Interest Exclusion Principle |
| C. | Accrual Principle |
| D. | Post-tax Principle |
| Answer» C. Accrual Principle | |
| 44. |
Which of the following is not true for capital budgeting? |
| A. | Sunk costs are ignored |
| B. | Opportunity costs are excluded |
| C. | Incremental cash flows are considered |
| D. | Relevant cash flows are considered |
| Answer» B. Opportunity costs are excluded | |
| 45. |
Which of the following is not used in Capital Budgeting? |
| A. | Time Value of Money |
| B. | Sensitivity Analysis |
| C. | Net Assets Method |
| D. | Cash Flows |
| Answer» C. Net Assets Method | |
| 46. |
Which one is the Capital Expenditure? |
| A. | Capital invested by the owner |
| B. | Selling expense for machine |
| C. | Machine purchased |
| D. | Daily expenses to operate business |
| Answer» C. Machine purchased | |
| 47. |
Who among the following have the authority to inspect the books of accounts? |
| A. | Directors |
| B. | Members |
| C. | Officer of Sebi |
| D. | Both (a) and (c) |
| Answer» D. Both (a) and (c) | |
| 48. |
Under responsibility accounting, the evaluation of a manager’s performance is based on matters that the manager: |
| A. | Directly controls |
| B. | Directly and indirectly controls |
| C. | Indirectly controls |
| D. | Has shared responsibility for with another manager |
| Answer» A. Directly controls | |
| 49. |
Return on Assets and Return on Investment Ratios belong to: |
| A. | Liquidity Ratios |
| B. | Profitability Ratios |
| C. | Solvency Ratios |
| D. | Turnover |
| Answer» B. Profitability Ratios | |
| 50. |
………….. costs are not easily changed and are often fixed, for ex, once a company has decided to rent a place. |
| A. | Committed |
| B. | Discretionary |
| C. | Engineered |
| D. | Marginal |
| Answer» A. Committed | |
| 51. |
Management by objective is the process in which |
| A. | Top management sets objectives for the sub- ordinate managers |
| B. | Budgeteer proposes to accomplish specific jobs and prepares budget for it. |
| C. | A manager decides his own area of operations and prepares budget for it. |
| D. | Budget is not prepared at all. |
| Answer» B. Budgeteer proposes to accomplish specific jobs and prepares budget for it. | |
| 52. |
Return on Assets (ROA) ratio is given by which of the following? |
| A. | Net Income/ Sales |
| B. | Sales / Total Assets |
| C. | Net Income/ Total Assets |
| D. | Gross Margin/ Net Sales |
| Answer» C. Net Income/ Total Assets | |
| 53. |
The Strategic Business Unit evolved during the ……………………… |
| A. | 1970s & 1980s |
| B. | 1990s |
| C. | 1960s |
| D. | 21st Century |
| Answer» A. 1970s & 1980s | |
| 54. |
The strategic Business Unit evolved from ………………… |
| A. | Hierarchy- based structure of organization |
| B. | Function based structure of organization |
| C. | Territorial structure of organization |
| D. | Divisional structure of organization |
| Answer» D. Divisional structure of organization | |
| 55. |
There are four elements of Anthony’s model. Which one does not belong to the group? |
| A. | Detector |
| B. | Assessor |
| C. | Effecter |
| D. | Rejecter |
| Answer» D. Rejecter | |
| 56. |
Total control over discretionary expense center is achieved primarily through ……… performance measures. |
| A. | Financial |
| B. | Non-financial |
| C. | Objective based |
| D. | Output based |
| Answer» B. Non-financial | |
| 57. |
Which of the following areas is not covered under the Baldrige Award? |
| A. | Education |
| B. | Health Care |
| C. | Small Business |
| D. | Multi National Corporation (MNC) |
| Answer» D. Multi National Corporation (MNC) | |
| 58. |
Which of the following is an example of lead indication? |
| A. | Market share |
| B. | Net profit |
| C. | Gross margin |
| D. | ROI |
| Answer» A. Market share | |
| 59. |
If project A has a lower payback period than project B, this may indicate that project A may have a ……………. |
| A. | Lower NPV and be less profitable |
| B. | Higher NPV and be less profitable |
| C. | Higher NPV and be more profitable |
| D. | Lower NPV and be more profitable |
| Answer» C. Higher NPV and be more profitable | |
| 60. |
The primary capital budgeting method that uses discounted cash flow techniques is the …….... |
| A. | Net present value method |
| B. | Cash payback technique |
| C. | Annual rate of return method |
| D. | Profitability index method |
| Answer» A. Net present value method | |
| 61. |
Which of the following ignores the time value of money? |
| A. | Internal rate of return |
| B. | Profitability Index |
| C. | Net present value |
| D. | Cash payback |
| Answer» D. Cash payback | |
| 62. |
Which of the following is not true? Asset employed is equal to |
| A. | Non-current liabilities + shareholder’s equity |
| B. | Total assets – current liabilities |
| C. | Non-current assets + working capital |
| D. | Shareholder’s equity –current liabilities |
| Answer» D. Shareholder’s equity –current liabilities | |
| 63. |
As asset becomes Non Performing after default of …………………… |
| A. | 180 days |
| B. | 60 days |
| C. | 90 days |
| D. | 91 days |
| Answer» C. 90 days | |
| 64. |
As per the RBI guidelines banks have to make sure that out of their loan assets loans are given to Priority Sector. |
| A. | 20% |
| B. | 40% |
| C. | 50% |
| D. | 45% |
| Answer» B. 40% | |
| 65. |
The capital adequacy ratio to be maintained by public sector banks in India is …………….... |
| A. | 8% |
| B. | 10% |
| C. | 10.5% |
| D. | 12% |
| Answer» D. 12% | |
| 66. |
The Retailer is selling the merchandise for more than it costs the Retailer to acquire it, then the GMROI Ratio would be …………………… |
| A. | Higher than 1 |
| B. | Equal to 1 |
| C. | Less than 1 |
| D. | Equal to 3.2 |
| Answer» A. Higher than 1 | |
| 67. |
Which of the following do not fall under Financial inclusion ? |
| A. | Nationalization of Banks |
| B. | Public Sector Lending targets |
| C. | Zero Balance Accounts |
| D. | Education at affordable cost |
| Answer» D. Education at affordable cost | |
| 68. |
While calculating the Gross Margin Ratio on Investment (GMROI), the TWO important aspects are: |
| A. | Stock on Hand and Stock-Outs incidents |
| B. | Gross Margin and Average Inventory Cost |
| C. | Gross Revenue and Stock on Hand |
| D. | Carrying Costs and Stock-Out Costs |
| Answer» B. Gross Margin and Average Inventory Cost | |
| 69. |
Assembling project team and assigning their responsibilities are done during which phase of project management? |
| A. | Project Planning |
| B. | Project Initiation |
| C. | Project Controlling |
| D. | Project Execution |
| Answer» B. Project Initiation | |
| 70. |
PERT is the |
| A. | Time oriented technique |
| B. | Event oriented technique |
| C. | Activity oriented technique |
| D. | Target oriented technique |
| Answer» B. Event oriented technique | |
| 71. |
Which of the following is not one of the eight specific principles of Social Audit? |
| A. | Comprehensive |
| B. | Comparative |
| C. | Multi-directional |
| D. | Non-Participatory |
| Answer» D. Non-Participatory | |
| 72. |
Which of the following statement about NPOs is not true? |
| A. | The NPOs generally tend to be service organisations |
| B. | The NPOs receive ‘Contributed Capital’ and have no shareholders |
| C. | The sources of funds for NPOs are more or less captive |
| D. | The NPOs are subjected to Market Mechanism |
| Answer» D. The NPOs are subjected to Market Mechanism | |
| 73. |
Which is not a primary objective of audit? |
| A. | Detection and Prevention of Errors |
| B. | Examining the System of internal check |
| C. | Verifying the authenticity and validity of transactions |
| D. | Confirming the existence and value of assets and liabilities |
| Answer» A. Detection and Prevention of Errors | |
| 74. |
Which of the following area is not covered by management audit? |
| A. | System and Procedures |
| B. | Board’s / Directors Analysis |
| C. | Research and development |
| D. | New product development cycle time |
| Answer» D. New product development cycle time | |
| 75. |
Which of the following area is specially covered by Management Audit? |
| A. | Economic Contribution Analysis |
| B. | Cost-Benefit Analysis |
| C. | Social Cost-Benefit Analysis |
| D. | Sensitivity Analysis |
| Answer» A. Economic Contribution Analysis | |
| 76. |
Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor? |
| A. | The Shareholders in a general meeting |
| B. | The Managing director |
| C. | The board of directors in board meeting |
| D. | The audit committee |
| Answer» A. The Shareholders in a general meeting | |
| 77. |
A Balanced Scorecard helps the organisation to: |
| A. | Be ready and prepared to implement an ERP |
| B. | Be focus on all the relevant business perspectives |
| C. | Integrate strategy and key challenges |
| D. | Communicate better with staff |
| Answer» B. Be focus on all the relevant business perspectives | |
| 78. |
A cost center manager |
| A. | Does not have the ability to produce revenue |
| B. | May be involved with the sale of new marketing programs to clients. |
| C. | Would normally be held accountable for producing an adequate return on invested capital. |
| D. | Often oversees divisional operations |
| Answer» A. Does not have the ability to produce revenue | |
| 79. |
According to DuPont analysis, increase in the profit margin (all else constant) should |
| A. | Increase both ROE and ROA |
| B. | Increase ROE but not ROA |
| C. | Increase ROA but not ROE |
| D. | Increase neither ROA nor ROE |
| Answer» A. Increase both ROE and ROA | |
| 80. |
DU PONT Analysis deals with |
| A. | Analysis of Current Assets |
| B. | Analysis of Profit |
| C. | Capital Budgeting |
| D. | Analysis of Fixed Assets |
| Answer» B. Analysis of Profit | |
| 81. |
If return on investment is a measure used on the balanced scorecard, under which perspective would it be listed |
| A. | Financial perspective |
| B. | Customer perspective |
| C. | Learning and growth perspective |
| D. | Internal business perspective |
| Answer» A. Financial perspective | |
| 82. |
Pitfalls exists the same as with any new technology or management tool. All of the following describe these pitfalls except |
| A. | Some companies use too few measures in their score |
| B. | Some companies include too many measures |
| C. | A poor scorecard is the biggest threat and one of the dangerous pitfalls |
| D. | Some companies do not know how to implement the effective drivers of performance |
| Answer» C. A poor scorecard is the biggest threat and one of the dangerous pitfalls | |
| 83. |
Responsibility centers include |
| A. | Adjustment centers |
| B. | Call centers |
| C. | Exam centers |
| D. | Profit center |
| Answer» D. Profit center | |
| 84. |
Responsibility reports for cost centers |
| A. | Distinguish between fixed and variable costs |
| B. | Use static budget data |
| C. | Include both controllable and non-controllable costs |
| D. | Include only controllable costs |
| Answer» D. Include only controllable costs | |
| 85. |
Return on Investment may be improved by one of these |
| A. | Increasing Turnover |
| B. | increasing Expenses |
| C. | decreasing Capital Utilization |
| D. | over budgeting |
| Answer» A. Increasing Turnover | |
| 86. |
ROI can be viewed as a function of the net profit margin times |
| A. | Sales. |
| B. | EAT. |
| C. | The total asset turnover |
| D. | Equity multiplier |
| Answer» C. The total asset turnover | |
| 87. |
The Balanced Scorecard approach has been criticized for leaving out certain measures. One of these is: |
| A. | Financial measures |
| B. | Employee satisfaction measures |
| C. | Customer satisfaction measures |
| D. | Technological innovation measures |
| Answer» B. Employee satisfaction measures | |
| 88. |
The drive in world markets to produce superior goods has led some countries to recognize or award prizes. What is the name of U.S. prize for developing quality products: |
| A. | the Deming Prize |
| B. | Malcolm Baldridge National Quality Award |
| C. | the J.D. Power Award |
| D. | the K.C. Irving Quality Award |
| Answer» B. Malcolm Baldridge National Quality Award | |
| 89. |
The following are basic elements in which Continuous Improvement framework (leadership; planning; service orientation; information and analysis; employees and workplace climate; process management; excellence levels and trends |
| A. | Six Sigma |
| B. | Total Quality Management (TQM) |
| C. | Zero Defect |
| D. | Malcolm Baldridge Quality Award |
| Answer» D. Malcolm Baldridge Quality Award | |
| 90. |
What is a measure of operating performance that indicates how successful the firm has been at increasing its MVA in a given year. |
| A. | Economic value added (EVA) |
| B. | After-tax cash flow (ATCF) |
| C. | Earnings after taxes (EAT) |
| D. | Market value added (MVA) |
| Answer» A. Economic value added (EVA) | |
| 91. |
What is not included in a firm’s expenses? |
| A. | Costs of goods sold |
| B. | Depreciation |
| C. | Interest expense |
| D. | Dividends |
| Answer» D. Dividends | |
| 92. |
What is the term used to describe the value assigned to the goods or services sold or rented from one unit of an organization to another |
| A. | Variable cost |
| B. | Fixed cost |
| C. | Transfer price |
| D. | Full service cost |
| Answer» C. Transfer price | |
| 93. |
When managers of subunits throughout an organization strive to achieve the goals set by top management, the result is |
| A. | Goal congruence |
| B. | Planning and control |
| C. | Responsibility accounting |
| D. | Delegation of decision making |
| Answer» A. Goal congruence | |
| 94. |
Which of the following statements about performance management systems is not true? |
| A. | Performance management systems are ineffective |
| B. | They encourage a short-term view among managers |
| C. | Recommendations are prescriptive and suggest one best way |
| D. | They improve organisational performance in the long-term |
| Answer» D. They improve organisational performance in the long-term | |
| 95. |
Which transfer pricing method will preserve the subunit autonomy? |
| A. | Variable-cost pricing |
| B. | Negotiated pricing |
| C. | Cost-based pricing |
| D. | Full-cost pricing |
| Answer» B. Negotiated pricing | |
| 96. |
Controllable costs, as used in a responsibility accounting system, consist of: |
| A. | Only fixed costs. |
| B. | Only direct materials and direct labor. |
| C. | Those costs that a manager can influence in the time period under review. |
| D. | Those costs about which a manager has some knowledge. Those costs that are influenced by parties external to the organization. |
| Answer» C. Those costs that a manager can influence in the time period under review. | |
| 97. |
Evaluation of Capital Budgeting Proposals is based on Cash Flows because: |
| A. | Cash Flows are easy to calculate |
| B. | Cash Flows are suggested by SEBI |
| C. | Cash is more important than profit |
| D. | None of the above |
| Answer» C. Cash is more important than profit | |
| 98. |
Sale of machine of machine merchandising business is – |
| A. | Capital receipt |
| B. | Capital income |
| C. | Revenue income |
| D. | Revenue receipt |
| Answer» D. Revenue receipt | |
| 99. |
What do we call a formal comparison of the actual costs and benefits of a project with original estimates? |
| A. | Post-completion audit |
| B. | Feedback audit |
| C. | Cost-benefit analysis |
| D. | Business scorecard report |
| Answer» A. Post-completion audit | |
| 100. |
Compliance with the Standard of Auditing is the responsibility of |
| A. | Management |
| B. | Those charged with governance |
| C. | Auditor |
| D. | Audit committee |
| Answer» C. Auditor | |