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NEW QUESTION: 1
XY, a not-for-profit charity organization which is funded by public donations, is concerned that it is not making the best use of its available funds. It has carried out a review of its budgeting system and is considering
replacing the current system with a zero-based budgeting system.
Select ALL the potential advantages AND disadvantages for the charity of a zero-based budgeting system.
A. It discourages a questioning approach by focusing attention not only on the cost of the activity but on the benefits it provides. The charity managers will not articulate the benefits encouraging them to think clearly about the activities.
B. It avoids the complacency inherent in the traditional incremental approach where it is assumed that future activities will be very similar to current ones.
C. Preparation of the decision packages will normally require the environment of many employees. This environment may produce useful ideas and promote job satisfaction.
D. In applying traditional budgeting, 'activities' may result in functional departments rather than cross functional activities and thus distract attention from the real cost-reduction issues.
E. In an organization like a charity, the decision packages are not very disparate and difficult t compare.
F. The creation of decision packages and their subsequent ranking by top management is very time consuming and costly. The charity will need to assess whether the benefits of the system outweigh the costs involved.
Answer: B,C,F
Explanation:
Explanation/Reference:
https://www.vrelearnonline.com/cima-p1-104-1/

NEW QUESTION: 2
You have a Microsoft 365 subscription for contoso.com.
You need to prevent users from using Microsoft Skype for Business to communicate with users in litwareinc.com.
What should you do from the Microsoft Teams & Skype for Business Admin Center?
A. Create a new messaging policy.
B. Create a new meeting policy.
C. Modify the External access settings.
D. Turn off Guest access.
Answer: C
Explanation:
Explanation/Reference:
Question Set 1

NEW QUESTION: 3
Package bundles are exported with which file extension?
A. .arb file
B. .exe file
C. .xml file
D. .msc file
Answer: A

NEW QUESTION: 4
An auditor of a manufacturer would most likely question whether that client has committed illegal acts if the
client has:
A. Disclosed several subsequent events involving foreign operations in the notes to the financial
statements.
B. Been an annual donor to a local political candidate.
C. Been forced to discontinue operations in a foreign country.
D. Failed to correct material weaknesses in internal accounting control that were reported after the prior
year's audit.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Being forced to discontinue operations in a foreign country would cause the auditor
of the manufacturer to question whether that client has committed an illegal act.
Choice "B" is incorrect. Making political contributions to local politicians is not illegal. (Bribes are illegal.)
Choice "C" is incorrect. Failure to correct material weaknesses in internal accounting control may
represent a conscious decision by management to accept that degree of risk because of cost or other
considerations.
Choice "D" is incorrect. Disclosure of subsequent events is not indicative of an illegal act.