Multiple Choice – Page 7

BL – Nov 2013 – L1 – SA – Q20 – Law of Trusts

Explains why a trustee is typically not remunerated.

Question

A Trustee is not paid a remuneration because

A. He is a friend of the testator
B. He is a volunteer
C. He is a rich man
D. His reward is in the hereafter
E. He has no need of money

Answer

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Tags: Multiple Choice, Remuneration, Trustee, Trusts
Level: Level 1

Topic: Law of Trusts
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q19 – Law Relating to Banking

Identifies the condition under which a debtor is considered bankrupt.

Question

A debtor is said to be bankrupt when

A. A creditor obtains a final court order against him
B. A court declares that he is solvent
C. He pays his debts
D. He promises to pay his creditors
E. The creditors do not trust him

Answer

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Tags: Bankruptcy, Creditor's Rights, Insolvency Law, Multiple Choice
Level: Level 1

Topic: Law Relating to Banking
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Identifies the feature that makes a cheque generally crossed.

Question

A cheque is said to be generally crossed if it

A. Bears two parallel lines across its face
B. Is not dated
C. Is not signed
D. Is not stamped
E. Has two postage stamps on it

Answer

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Tags: Banking Law, Cheques, General Crossing, Multiple Choice
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q17 – Negotiable Instruments

Identifies a bill lacking in material particulars.

Question

A bill lacking in some material particular is known as

A. Inland bill
B. Incomplete or inchoate bill
C. Promissory bill
D. Esoteric bill
E. Accelerated bill

Answer

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Tags: Bills of Exchange, Multiple Choice, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q16 – Partnership Law

Identifies the impact of a partner's death on a partnership.

Question

The death of a partner leads to

A. Amendment of the partnership register
B. Change in the partnership business
C. Sharing of profit
D. Dissolution of partnership
E. Sharing of business information

Answer

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Tags: Dissolution, Multiple Choice, Partner's Death, Partnership
Level: Level 1

Topic: Partnership Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q15 – Partnership Law

Identifies the membership limit for a partnership in accountancy practice.

Question

The membership of a Partnership for the practice of accountancy is

A. 20
B. 30
C. 40
D. 50
E. Unlimited

Answer

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Tags: Accountancy Practice, Membership Limit, Multiple Choice, Partnership Law
Level: Level 1

Topic: Partnership Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q14 – Company Law

Identifies the time frame within which a public company must hold its statutory meeting after incorporation.

Question

On incorporation, a public company must hold its Statutory meeting within

A. 6 months
B. 5 months
C. 3 months
D. 2 months
E. 1 month

Answer

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Tags: Company Law, Incorporation, Multiple Choice, Statutory Meeting
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q13 – Company Law

Identifies grounds for the disqualification of a company director.

Question

The following disqualifies a Director of a company EXCEPT

A. Insanity
B. Conviction
C. Bankruptcy
D. Being a principal partner
E. Court order

Answer

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Tags: Company Law, Director Disqualification, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q12 – Company Law

Identifies the minimum liability of members in a company limited by guarantee during winding up

Question

The liability of the members of a company limited by guarantee to contribute to the assets, in the event of its being wound up, shall not be less than

A. N 10,000
B. N 20,000
C. N 30,000
D. N 40,000
E. N 50,000

Answer

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Tags: Company Law, Guarantee Companies, Liability, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

Question

The right to transfer an interest in the share of a company can be limited by the

A. Memorandum of Association
B. Articles of Association
C. Policy Manual of the company
D. Company’s directors
E. Secretary of the company

Answer

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Tags: Articles of Association, Company Law, Multiple Choice, Shares
Level: Level 1

Topic: Company Law
Series: NOV 2013

MI – May 2015 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the data transmission phenomenon with a clock signal.

Question

Data transmission phenomenon where data is transferred regularly with clock signal is called
A. Asynchronous data transfer
B. Simplex data transfer
C. Duplex data transfer
D. Synchronous data transfer
E. Regular data transfer

Answer

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Tags: Data Transmission, Information Systems, Multiple Choice, Objective Question
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q19 – Computer Hardware, Software, and Data Life Cycle

Identify the name of the device that combines scanner, printer, fax, and copier.

Question

A device that combines the capabilities of a scanner, printer, fax, and copying machine is called
A. Output device
B. Facsimile transmission machine
C. Multifunctional device
D. MICR
E. Dumb terminal

Answer

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Tags: Computer Hardware, Multifunctional Device, Multiple Choice, Objective Question
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q18 – Computer Hardware, Software, and Data Life Cycle

Identify the odd one out among input devices.

Question

Identify the odd one among the following devices
A. Joystick
B. Touch Screen
C. Dot-matrix
D. Light Pen
E. Mouse

Answer

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Tags: Computer Hardware, Input Devices, Multiple Choice, Objective Question
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the incorrect reason for upgrading storage capacity on a microcomputer system.

Question

A major consideration for an upgrade of a microcomputer system is an increase in storage capacity because of the following EXCEPT
A. Inadequate space to store files
B. Inadequate space to install new programs
C. Lack of secure place to backup important files
D. Inability to download large files from the internet
E. Inability to log-on to internet

Answer

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Tags: Computer Hardware, Multiple Choice, Objective Question, Storage
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the term used for processed data or information from a computer system.

Question

Processed data or information from a computer system is called
A. Input-output
B. Hardcopy
C. Softcopy
D. Output
E. Input

Answer

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Tags: Data Processing, Information Systems, Multiple Choice, Objective Question
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Identify the correct characteristic of real-time processing.

Question

Real-Time Processing Technique is characterised by
A. High turn-around time
B. Low turn-around time
C. Medium turn-around time
D. Very high turn-around time
E. Very little turn-around time

Answer

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Tags: Information Systems, Multiple Choice, Objective Question, Processing Time
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify the transaction processing technique with severe time limitation.

Question

A transaction processing technique with severe time limitation is called
A. Time Sharing Processing
B. Distributed Processing
C. Real-Time Processing
D. Multi-tasking
E. Multi-processing

Answer

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Tags: Information Systems, Multiple Choice, Objective Question, Processing Techniques
Level: Level 1

Topic: Computer Hardware, Software, and Data Life Cycle
Series: MAY 2015

MI – May 2015 – L1 – SA – Q13 – Information Systems

Identify the management level Decision Support Systems (DSS) are designed for.

Question

Decision Support Systems (DSS) provides non-routine decision-making for
A. Senior Management
B. Middle Management
C. Executive Programmer
D. Desk Officer
E. System Analyst

Answer

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Tags: Decision Support Systems, Information Systems, Multiple Choice, Objective Question
Level: Level 1

Topic: Information Systems
Series: MAY 2015

MI – May 2015 – L1 – SA – Q12 – Budgeting

Identify when a cost variance is said to be favourable.

Question

In measuring budget performance, an item of cost is said to have favourable variance when
A. Actual costs of operation are higher than budgeted costs
B. Budgeted costs of operation are less than actual costs
C. Actual costs of operation are less than budgeted costs
D. Budgeted costs of operation are equal to actual costs
E. Budgeted costs of operation are not available

Answer

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Tags: Budgeting, Multiple Choice, Objective Question, Variance Analysis
Level: Level 1

Topic: Budgeting
Series: MAY 2015

MI – May 2015 – L1 – SA – Q11 – Information Systems

Identify which feature is not part of a good coding system.

Question

Which of the following is NOT a feature of a good coding system?
A. Uniqueness
B. Brevity
C. Mnemonic
D. Indexing
E. Non-ambiguity

Answer

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Tags: Coding Systems, Multiple Choice, Objective Question
Level: Level 1

Topic: Information Systems
Series: MAY 2015

Question Tag: Multiple Choice

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BL – Nov 2013 – L1 – SA – Q20 – Law of Trusts

Explains why a trustee is typically not remunerated.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q20 – Law of Trusts"

BL – Nov 2013 – L1 – SA – Q19 – Law Relating to Banking

Identifies the condition under which a debtor is considered bankrupt.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q19 – Law Relating to Banking"

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Identifies the feature that makes a cheque generally crossed.

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BL – Nov 2013 – L1 – SA – Q17 – Negotiable Instruments

Identifies a bill lacking in material particulars.

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BL – Nov 2013 – L1 – SA – Q16 – Partnership Law

Identifies the impact of a partner's death on a partnership.

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BL – Nov 2013 – L1 – SA – Q15 – Partnership Law

Identifies the membership limit for a partnership in accountancy practice.

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BL – Nov 2013 – L1 – SA – Q14 – Company Law

Identifies the time frame within which a public company must hold its statutory meeting after incorporation.

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BL – Nov 2013 – L1 – SA – Q13 – Company Law

Identifies grounds for the disqualification of a company director.

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BL – Nov 2013 – L1 – SA – Q12 – Company Law

Identifies the minimum liability of members in a company limited by guarantee during winding up

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BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

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MI – May 2015 – L1 – SA – Q20 – Computer Hardware, Software, and Data Life Cycle

Identify the data transmission phenomenon with a clock signal.

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MI – May 2015 – L1 – SA – Q19 – Computer Hardware, Software, and Data Life Cycle

Identify the name of the device that combines scanner, printer, fax, and copier.

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MI – May 2015 – L1 – SA – Q18 – Computer Hardware, Software, and Data Life Cycle

Identify the odd one out among input devices.

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MI – May 2015 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle

Identify the incorrect reason for upgrading storage capacity on a microcomputer system.

You're reporting an error for "MI – May 2015 – L1 – SA – Q17 – Computer Hardware, Software, and Data Life Cycle"

MI – May 2015 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle

Identify the term used for processed data or information from a computer system.

You're reporting an error for "MI – May 2015 – L1 – SA – Q16 – Computer Hardware, Software, and Data Life Cycle"

MI – May 2015 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle

Identify the correct characteristic of real-time processing.

You're reporting an error for "MI – May 2015 – L1 – SA – Q15 – Computer Hardware, Software, and Data Life Cycle"

MI – May 2015 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle

Identify the transaction processing technique with severe time limitation.

You're reporting an error for "MI – May 2015 – L1 – SA – Q14 – Computer Hardware, Software, and Data Life Cycle"

MI – May 2015 – L1 – SA – Q13 – Information Systems

Identify the management level Decision Support Systems (DSS) are designed for.

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MI – May 2015 – L1 – SA – Q12 – Budgeting

Identify when a cost variance is said to be favourable.

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MI – May 2015 – L1 – SA – Q11 – Information Systems

Identify which feature is not part of a good coding system.

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