Q296. All of the following are true with regard to the first-in, first-out inventory valuation method except:

Q297. Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:

Q298. Which of the following performance measures includes both profits and investment base?

Q299. One of the main reasons total quality management (TQM) can be used as a strategic weapon is that:

Q300. Which of the following is improved by the use of smart devices?

Q301. An organization discovered fraudulent activity involving the employee time-tracking system. One employee regularly docked in and clocked out her co-worker friends on their days off, inflating their reported work hours and increasing their wages. Which of the following physical authentication devices would be most effective at disabling this fraudulent scheme?

Q302. The following transactions + occurred during a company’s first year of operations:
I. Purchased a delivery van for cash
II. Borrowed money by issuance of short-term debt
III. Purchased treasury stock
Which of the items above caused a change in the amount of working capital?

Q303. Organizational activities that complement each other and create a competitive advantage are called a:

Q304. Which of the following best describes owner’s equity?

Q305. An internal auditor considers the financial statement of an organization as part of a financial assurance engagement. The auditor expresses the organization’s electricity and depreciation expenses as a percentage of revenue to be 10% and 7% respectively. Which of the following techniques was used by the internal auditor In this calculation?

Q306. An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500. Which of the following statements is true regarding this transaction?

Q307. What is RST’s current ratio at the end of Year 6?

Q308. An investor has acquired an organization that has a dominant position in a mature, slow-growth industry and consistently creates positive financial income Which of the following terms would the investor most likely label this investment in her portfolio?

Q309. According to Maslow’s hierarchy of needs theory, which of the following would likely have the most impact on retaining staff, if their lower-level needs are already met?

Q310. To remove the effect of seasonal variation from a time series, original data should be:

Q311. Which of the following risks would Involve individuals attacking an oil company’s IT system as a sign of solidarity against drilling in a local area?

Q312. Which of the following is true about the impact of price inflation on financial ratio analysis?