FREE BEC CPA Questions and Answers

Question 1

Which of the below is NOT a typical tactic for a company in a market that is only competitive?

Accepted Answer

Development of a brand name.

Answer

Lean manufacturing.

Answer

Process reengineering.

Answer

Supply chain management.

Question 2

Which of the these types of computers is most probably to be used for end-user computing?

Accepted Answer

Personal computers.

Answer

Mainframe.

Answer

Minicomputers.

Answer

Personal reference assistants.

Question 3

A consumer wanted to order 100 units of item Z96014, but placed an improper order for product Z96015,
which did not exist.Which of the following controls is the most likely to catch this mistake?

Accepted Answer

Check digit verification.

Answer

Hash total.

Answer

Record count.

Answer

Redundant data check.

Question 4

Jar Corporation is thinking about putting in operation a risk management system for the company.
Which of the following benefits of enterprise risk management is not one of them?

Accepted Answer

Insures that the organization shares all major risks.

Answer

Helps the organization seize opportunities.

Answer

Improves the deployment of capital.

Answer

Enhances risk response decisions.

Question 5

Which of the below risks is associated with the potential that a derivative may not be successful in hedging a specific asset?

Accepted Answer

Credit risk.

Answer

Legal risk.

Answer

Market risk.

Answer

Basis risk.

Question 6

A natural monopoly exists because of _________.

Accepted Answer

Economic and technical conditions permit only one efficient supplier.

Answer

The firm holds patents.

Answer

The government is the only supplier.

Answer

The firm owns natural resources.

Question 7

What kind of technology is required to turn a paper document into a digital file?

Accepted Answer

Optical character recognition.

Answer

Electronic data interchange.

Answer

Joining and merging.

Answer

Bar-coding scanning.