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    Week 9 - CH 11 Expenditure Cycle (MCQ Solutions)

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    Odria Arshiana
    This document contains a tutorial and self-test activities for Chapter 11 of the Expenditure Cycle. It includes 10 multiple choice questions about topics like determining demand, choosing suppliers, the expenditure cycle process, and risks involved if proper procedures are not followed for receiving and paying for goods. The correct answers are also provided.

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    Week 9 - CH 11 Expenditure Cycle (MCQ Solutions)

    Uploaded by

    Odria Arshiana
    35 views2 pages
    This document contains a tutorial and self-test activities for Chapter 11 of the Expenditure Cycle. It includes 10 multiple choice questions about topics like determining demand, choosing suppliers, the expenditure cycle process, and risks involved if proper procedures are not followed for receiving and paying for goods. The correct answers are also provided.

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    Week 9_Ch 11 Expenditure Cycle (MCQ Solutions)

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    This document contains a tutorial and self-test activities for Chapter 11 of the Expenditure Cycle. It includes 10 multiple choice questions about topics like determining demand, choosing suppliers, the expenditure cycle process, and risks involved if proper procedures are not followed for receiving and paying for goods. The correct answers are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views2 pages

    Week 9 - CH 11 Expenditure Cycle (MCQ Solutions)

    Uploaded by

    Odria Arshiana
    This document contains a tutorial and self-test activities for Chapter 11 of the Expenditure Cycle. It includes 10 multiple choice questions about topics like determining demand, choosing suppliers, the expenditure cycle process, and risks involved if proper procedures are not followed for receiving and paying for goods. The correct answers are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    TUTORIAL: BAP 71 AIS SELF TEST ACTIVITIES

    Lecture Week: 9 Chapter 11: Expenditure Cycle

    11.1 Which of the following helps to determine demand for products?


    a) The level of previous sales.
    b) The forecast for future sales.
    c) The business strategy.
    d) All of the above.

    11.2 When choosing a supplier you should consider the:


    a) product price only.
    b) product quality only.
    c) supplier service levels only.
    d) business strategy.

    11.3 An organisation has committed to purchase goods from a supplier when:


    a) purchasing staff obtain a quote for the goods.
    b) a purchase request is created.
    c) a purchase order is created.
    d) a purchase requisition is created.

    11.4 Supply chain management software (SCM) is not useful for:


    a) identifying product demand.
    b) making payments to suppliers.
    c) receiving goods.
    d) routing goods.

    11.5 The expenditure cycle could receive purchasing requests from:


    a) the production cycle.
    b) the inventory department.
    c) miscellaneous departments.
    d) all of the above.

    1
    11.6 If an organisation does not use authorised or approved suppliers, there is a risk that:
    a) it may pay too much for the goods it buys.
    b) it may buy poor quality goods.
    c) frauds such as kickbacks may occur.
    d) all of the above.

    11.7 Goods should be counted and checked on receipt when:


    a) the number of goods is small enough to count them easily.
    b) the cartons look damaged.
    c) the delivery docket has a barcode on it.
    d) all goods deliveries should be checked and counted.

    11.8 You should take a supplier discount for early payment when:
    a) the goods have been delivered.
    b) the invoice has been received.
    c) you have enough cash available to pay the invoice early.
    d) the supplier asks you to pay early.

    11.9 Not checking that goods have been received within a reasonable period of time for all
    purchase orders placed increases the risk of:
    a) running out of stocks of the goods.
    b) not paying for the goods.
    c) incorrect inventory records.
    d) receiving the wrong goods.

    11.10 Using a barcode scanner to record goods received reduces the risk of:
    a) counting the goods incorrectly.
    b) forgetting to record the goods received.
    c) neither (a) nor (b).
    d) both (a) and (b).

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