CA Inter EIS SM – Sec A: EIS – Chapter 1 – Automated Business Processes MCQs – Set I

What is a systematic approach for improving the set of activities that will accomplish a
specific organization goal.

Select the correct sequence of steps for implementing a BPA:
i) Define why we plan to implement a BPA, Engage the business process consultant.
ii) Developing the BPA
iii) Define the objective/Goals
iv) Calculate ROI of Project
v) Testing the BPA
vi) Document the Process, we wish to automate
vii) Understand rules/ regulation under which enterprise needs to comply with

Which risk can prevent a organization from operating in the most efficient &
effective manner

Define the correct sequence of order to cash cycle. i) Receivables, ii) Sales & Marketing, iii) Order Fulfillment, iv) Manufacturing

Which of the following is not covered under director’s responsibility statement

How many categories are present in a business processes?

which is not the criteria while deciding goal for implementing BPA

Which of the following are not the criteria for assessing whether internal control is well designed & properly operated

What are checked by accounts payable department before making payment under
Account payable department

Which is not the risk response strategy for specific risks identified

Which of the following is not a category of business process

Which of the following are type of controls

______ is methodical process of defining option that are provided

______ response exits the activities which gave rise to risk

Which business process deals with the core business & value chain

______ is the degree of risk, on a broad-based level that an enterprise willing to accept
in pursuit of its goals

Purchase, Goods Receipt, Invoice Processing & Payment are four components of Which cycle.

Which is not an example of configuration

______ response take actions to reduce likelihood or impact of risk

Which of the following is an example of operational processes

What is considered by management at first for evaluating strategic alternatives

Which system consisting policies and procedures are designed to provide
management with reasonable assurance that goal & objectives of entity will be met

_______ are set up first time during installation & these are changed whenever the business process rules or parameters are changed

______ response decide and consider other feasible steps to minimize risks

What is a back core processes & functions within an organization

_______ is not the benefit of enterprise risk management

Which of the following is not an objective of internal control

______ is the process of obtaining & managing raw material needed for manufacturing a product or providing a service

_______ response transfers or shares a portion of the risk, to finance it

_______ is not an example of supportive processes

Which Risks have impact on different parts of the enterprise

_____ sets tone of an organization, influencing the control consciousness of its
people

Ordering, production, finish goods & delivery are phases of which cycle?

______ response means taking no action against risk due to a cost/benefit decision

_______ measure, monitor and control activities related to business procedure system

______ is a foundation for how risk & control are viewed and addressed by entity’s people

What actions are established through policies and procedure that help to ensure that management directives to mitigate risk are carried out

which act provides the legal infrastructure for e-commerce in India

What is an example of management process

All input Transaction data may not be accurate, complete and authorized is risk of ______.