Free CII M92 Exam Dumps Questions & Answers

What is shown respectively on a company's income statement and balance sheet?

• A.The income statement shows the results of transactions during the accounting period and the balance sheet shows the financial position at a particular point in time.
• B.The income statement shows the financial position at a point in time and the balance sheet shows transaction results over the accounting period.
• C.The income statement records assets and liabilities, the balance sheet records revenue and expenses.
• D.Both statements show the company's cash flows and net income.

What would NOT typically be regarded as a part or component of all businesses?

• A.Financial resources.
• B.Human resources.
• C.Intellectual resources.
• D.Physical resources.

It has been deemed essential that the Information Technology (IT) department have a broad role, working closely with the business. If the IT department are to fulfil its role within the company, it must

• A.operate entirely independently from day-to-day operations.
• B.report directly to the internal audit function.
• C.outsource all non-core functions.
• D.make a proactive contribution to the development of business strategy.

The company's liquidity ratio will show the relationship of

• A.assets to liabilities.
• B.technical provisions to earned premium.
• C.return on equity to cost of capital.
• D.liabilities to cash and investments.

Which management style would it be best to adopt during a period of radical change?

• A.Democratic.
• B.Autocratic.
• C.Paternalistic.
• D.Laissez-faire.