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Test: Review of Internal Control- 2 - B Com MCQ


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10 Questions MCQ Test - Test: Review of Internal Control- 2

Test: Review of Internal Control- 2 for B Com 2024 is part of B Com preparation. The Test: Review of Internal Control- 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Review of Internal Control- 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Review of Internal Control- 2 below.
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Test: Review of Internal Control- 2 - Question 1
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What is the primary objective of reviewing the sales and distribution policies and programs of an organization?

Detailed Solution for Test: Review of Internal Control- 2 - Question 1
The primary objective of reviewing the sales and distribution policies and programs is to determine the effectiveness of the selling and distribution functions within an organization. This review helps ensure that the organization's products are made available to end consumers in a timely manner and that the policies align with the overall corporate objectives.
Test: Review of Internal Control- 2 - Question 2
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In the decision-making process, which step involves developing potential alternatives?

Detailed Solution for Test: Review of Internal Control- 2 - Question 2
Developing potential alternatives is a crucial step in the decision-making process. It involves generating a range of options that could potentially address the identified problem. These alternatives are then analyzed to determine their feasibility, effectiveness, costs, and benefits.
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Test: Review of Internal Control- 2 - Question 3
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What is the purpose of conducting an evaluation system for management decisions?

Detailed Solution for Test: Review of Internal Control- 2 - Question 3
The purpose of conducting an evaluation system for management decisions is to provide feedback on the implementation and results of the decision. This helps determine whether the chosen alternative has achieved the desired outcomes and allows for adjustments to be made if necessary.
Test: Review of Internal Control- 2 - Question 4
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In the context of manufacturing operations, what is the purpose of conducting a review of the quality management system?
Detailed Solution for Test: Review of Internal Control- 2 - Question 4
The purpose of conducting a review of the quality management system in manufacturing operations is to maintain product quality and standards. This involves ensuring that appropriate quality control measures are in place, procedures for quality testing are followed, and product defects are minimized.
Test: Review of Internal Control- 2 - Question 5
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Which step in the decision-making process involves selecting the best alternative from the potential options?
Detailed Solution for Test: Review of Internal Control- 2 - Question 5
Selecting the best alternative from the potential options is a key step in the decision-making process. It involves evaluating the advantages and disadvantages of each alternative and choosing the one that best aligns with the organization's goals and objectives.
Test: Review of Internal Control- 2 - Question 6
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What is the significance of reviewing personnel policies in an organization?
Detailed Solution for Test: Review of Internal Control- 2 - Question 6
Reviewing personnel policies is important to ensure compliance with legal requirements related to employment practices. This review helps organizations maintain fair and ethical practices in areas such as recruitment, compensation, employee relations, and safety.
Test: Review of Internal Control- 2 - Question 7
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Why is it important to conduct ongoing monitoring of decisions after implementation?
Detailed Solution for Test: Review of Internal Control- 2 - Question 7
Ongoing monitoring of decisions after implementation is important to ensure that the desired outcomes are achieved. This allows for timely adjustments and corrective actions if the decision does not produce the intended results.
Test: Review of Internal Control- 2 - Question 8
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What aspect of management decision-making involves analyzing the advantages and disadvantages of different options?
Detailed Solution for Test: Review of Internal Control- 2 - Question 8
Analyzing the advantages and disadvantages of different options is a crucial aspect of evaluating alternatives in the management decision-making process. This step helps in selecting the option that best aligns with the organization's objectives.
Test: Review of Internal Control- 2 - Question 9
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In the context of manufacturing operations, what is the purpose of conducting a review of the maintenance management system?
Detailed Solution for Test: Review of Internal Control- 2 - Question 9
The purpose of conducting a review of the maintenance management system in manufacturing operations is to ensure a safe working environment. This involves maintaining equipment, addressing safety concerns, and implementing preventive maintenance practices.
Test: Review of Internal Control- 2 - Question 10
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What is the main objective of the review of sales and distribution policies and programs?
Detailed Solution for Test: Review of Internal Control- 2 - Question 10
The main objective of reviewing sales and distribution policies and programs is to determine the effectiveness of selling and distribution functions. This review ensures that products reach end consumers in a timely manner and that policies align with corporate objectives.
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