Started on Wednesday, 4 October 2023, 4:23 PM
State Finished
Completed on Wednesday, 4 October 2023, 4:53 PM
Time taken 30 mins 13 secs
Marks 41.00/50.00
Grade 82.00 out of 100.00
Question 1
Correct
M ark 2.00 out of 2.00
Risk appetite is the nature and strength of risk an organisation is prepared to bear. Select the correct classification that indicates the risk
appetite of an organisation that is an aggressive risk taker to get high returns.
(a) Risk relevant
(b) Risk capacity
(c) Risk seeking
(d) Risk culture
Select one:
a. Risk capacity
b. Risk relevant
c. Risk seeking
d. Risk culture
,Question 2
Incorrect
M ark 0.00 out of 2.00
Select the statements that are all FALSE.
(1) The management of working capital only entails that the balances of current assets and current liabilities be controlled.
(2) The management of inventory entails only that there should be enough inventory available to sustain operations.
(3) Keeping surplus cash to pay suppliers is an example of keeping cash for possible obligations.
(4) Costs that are associated with placing an order, the physical receipt of the products ordered as well as receiving the payment are
classified as ordering costs.
(5) Storage cost, insurance cost on stored inventory, costs of stock that becomes obsolete and should be written off, as well as opportunity
cost are all classified as the cost of holding inventory.
(a) Statements (3), (4) and (5)
(b) Statements (1), (2) and (3)
(c) Statements (3), (4) and (5)
(d) Statements (2), (3) and (4)
Select one:
a. Statements (3), (4) and (5)
b. Statements (2), (3) and (4)
c. Statements (3), (4) and (5)
d. Statements (1), (2) and (3)
,Question 3
Incorrect
M ark 0.00 out of 2.00
Home Brew is a newly established brewery in South Africa. They are brewing unique “craft” beer. They plan to establish themselves as a
leader in the South African beer industry. They identified their main risk objectives according to the COSO risk management
framework. From the following list, select all the correct main risk objectives to be identified by Home Brew.
(1) Operations – To produce and deliver high quality beer in an effective, efficient, and timely way.
(2) Compliance – To conform to all legislative requirements for licensing, production, distribution, advertising, taxation, labour relations
etcetera.
(3) Reporting – Providing timely and reliable information aligned with reporting standards and best practices to enable stakeholders to
analyse data and make sound business decisions.
(4) Strategic – High level goals and related risks that are aligned with the organisation’s mission and strategic objectives to establish
themselves as a leader in the South African beer industry.
a) Statements (1), (2) and (3)
b) Statements (2), (3) and (4)
c) Statements (1), (2) and (4)
d) Statements (1), (2), (3) and (4)
Select one:
a. Statements (2), (3) and (4)
b. Statements (1), (2), (3) and (4)
c. Statements (1), (2) and (3)
d. Statements (1), (2) and (4)
, Question 4
Correct
M ark 2.00 out of 2.00
National University is a university located in a medium-size city in a developed country. From the following assumptions, select those
that are most relevant to National University and its strategy?
(1) Good local infrastructure such as roads and telecommunications.
(2) A decline in the birth rate.
(3) A change in national government.
(4) Good transport systems.
(a) Statements (1) and (2)
(b) Statements (1), (2) and (3)
(c) Statements (2), (3) and (4)
(d) Statements (1), (2), (3) and (4)
Select one:
a. Statements (1), (2) and (3)
b. Statements (1) and (2)
c. Statements (2), (3) and (4)
d. Statements (1), (2), (3) and (4)
