Disadvantages – Knowsia

MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

Question

State THREE advantages and TWO disadvantages of the activity-based costing (ABC) system.

Answer

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Tags: Activity-Based Costing, Advantages, Disadvantages
Level: Level 1

Topic: Costing Methods
Series: NOV 2021

MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

Question

Identify TWO advantages and THREE disadvantages of a digital firm.

Answer

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Tags: Advantages, Digital Firm, Disadvantages
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAY 2022

MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

Question

Information processing and computing services have moved from computer bureaus to cloud computing.
You are required to:
i. Define cloud computing. (2 Marks)
ii. Enumerate FIVE advantages and THREE disadvantages of cloud computing. (8 Marks)

Answer

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Tags: Advantages, Cloud Computing, Disadvantages
Level: Level 1

Topic: Cloud Computing
Series: NOV 2022

BMF – May 2023 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify a disadvantage of virtual organisations.

Question

Which of the following may be considered as a disadvantage of a virtual organisation?

A. May lack culture
B. Has no physical hub
C. Has no centre of operations
D. May use part-time workers
E. May use self-employed individuals

Answer

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Tags: Disadvantages, Organisational Structures, Virtual Organisation
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

Question

State THREE advantages and THREE disadvantages of Video Conferencing.

Answer

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Tags: Advantages, Communication, Disadvantages, Video Conferencing
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2016

BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

Explanation of the disadvantages of Management by Objective (MBO).

Question

c. State TWO disadvantages of Management by Objective (MBO). (4 Marks)

Answer

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Tags: Disadvantages, Management, Management by Objectives, MBO
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2024

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

Question

b. State FOUR advantages and FOUR disadvantages of Joint ventures. (8 Marks)

Answer

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Tags: Advantages, Business Partnerships, Disadvantages, Joint Ventures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

Question

he management of your company is carrying out major restructuring of the operations of the company for more effective and efficient achievement of objectives and targets. One of the major decisions taken was the outsourcing of the Internal Audit Function.

Required:
i) Define outsourcing. (2 marks)
ii) Identify FOUR (4) advantages and FOUR (4) disadvantages of outsourcing the internal audit function. (8 marks)

Answer

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Tags: Advantages, Disadvantages, Efficiency, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and External Audit Relationship
Series: NOV 2019

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

Question

Distinguish between interim audit and final audit, identifying TWO advantages and disadvantages of each. (5 marks)

Answer

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Tags: Advantages, Disadvantages, Final Audit, Interim Audit
Level: Level 2

Topic: Types of Audit and Assurance Engagements
Series: NOV 2016

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

Question

Traditionally, internal audit work is undertaken mainly by in-house teams. However, in recent times many organizations outsource either completely or partially their internal audit function. Kofi Krakye, the Financial Controller of BHB Ltd, has advised management to consider outsourcing their internal audit function to FPP Ltd.

Required:
Explain TWO (2) advantages and THREE (3) disadvantages of outsourcing the internal audit function to FPP Ltd.
(5 marks)

Answer

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Tags: Advantages, Conflict of Interest, Continuity, Cost, Disadvantages, External audit, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: NOV 2021

MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

Question

State THREE advantages and TWO disadvantages of the activity-based costing (ABC) system.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Activity-Based Costing, Advantages, Disadvantages
Level: Level 1

Topic: Costing Methods
Series: NOV 2021

MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

Question

Identify TWO advantages and THREE disadvantages of a digital firm.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Digital Firm, Disadvantages
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAY 2022

MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

Question

Answer

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Tags: Advantages, Cloud Computing, Disadvantages
Level: Level 1

Topic: Cloud Computing
Series: NOV 2022

BMF – May 2023 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify a disadvantage of virtual organisations.

Question

Which of the following may be considered as a disadvantage of a virtual organisation?

A. May lack culture
B. Has no physical hub
C. Has no centre of operations
D. May use part-time workers
E. May use self-employed individuals

Answer

Find Related Questions by Tags, levels, etc.

Tags: Disadvantages, Organisational Structures, Virtual Organisation
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

Question

State THREE advantages and THREE disadvantages of Video Conferencing.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Communication, Disadvantages, Video Conferencing
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2016

BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

Explanation of the disadvantages of Management by Objective (MBO).

Question

c. State TWO disadvantages of Management by Objective (MBO). (4 Marks)

Answer

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Tags: Disadvantages, Management, Management by Objectives, MBO
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2024

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

Question

b. State FOUR advantages and FOUR disadvantages of Joint ventures. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Business Partnerships, Disadvantages, Joint Ventures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

Question

Required:
i) Define outsourcing. (2 marks)
ii) Identify FOUR (4) advantages and FOUR (4) disadvantages of outsourcing the internal audit function. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Disadvantages, Efficiency, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and External Audit Relationship
Series: NOV 2019

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

Question

Distinguish between interim audit and final audit, identifying TWO advantages and disadvantages of each. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Disadvantages, Final Audit, Interim Audit
Level: Level 2

Topic: Types of Audit and Assurance Engagements
Series: NOV 2016

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

Question

Required:
Explain TWO (2) advantages and THREE (3) disadvantages of outsourcing the internal audit function to FPP Ltd.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Advantages, Conflict of Interest, Continuity, Cost, Disadvantages, External audit, Internal Audit, Outsourcing
Level: Level 2

Topic: Internal Audit and Its Relationship with External Audit
Series: NOV 2021

Question Tag: Disadvantages

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MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

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MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

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MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

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BMF – May 2023 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify a disadvantage of virtual organisations.

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MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

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BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

Explanation of the disadvantages of Management by Objective (MBO).

You're reporting an error for "BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets"

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

You're reporting an error for "BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices"

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

You're reporting an error for "AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit"

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

You're reporting an error for "AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements"

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

You're reporting an error for "AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit"

MI – Nov 2021 – L1 – SB – Q1b – Costing Methods

List three advantages and two disadvantages of Activity-Based Costing.

You're reporting an error for "MI – Nov 2021 – L1 – SB – Q1b – Costing Methods"

MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce

Identify two advantages and three disadvantages of a digital firm.

You're reporting an error for "MI – May 2022 – L1 – SB – Q6b – Electronic Business and E-Commerce"

MI – Nov 2022 – L1 – SB – Q6a – Cloud Computing

Definition of cloud computing and identification of its advantages and disadvantages

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BMF – May 2023 – L1 – SA – Q2 – Business and Organizational Structures and Choices

Identify a disadvantage of virtual organisations.

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MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle

State three advantages and three disadvantages of video conferencing.

You're reporting an error for "MI – May 2016 – L1 – SB – Q5c – Computer Hardware, Software, and Data Life Cycle"

BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

Explanation of the disadvantages of Management by Objective (MBO).

You're reporting an error for "BMF – May 2024 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets"

BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices

Explanation of the advantages and disadvantages of joint ventures.

You're reporting an error for "BMF – May 2024 – L1 – SB – Q4b – Business and Organizational Structures and Choices"

AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit

Defines outsourcing and discusses the advantages and disadvantages of outsourcing the internal audit function.

You're reporting an error for "AA – Nov 2019 – L2 – Q4b – Internal Audit and Its Relationship with External Audit"

AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements

Compare and contrast interim and final audits, listing two advantages and disadvantages of each.

You're reporting an error for "AA – Nov 2016 – L2 – Q1c – Types of Audit and Assurance Engagements"

AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit

Explains two advantages and three disadvantages of outsourcing an internal audit function to an external company.

You're reporting an error for "AA – Nov 2021 – L2 – Q1a – Internal Audit and its Relationship with External Audit"

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