Online Access Free M92 Practice Test

Management actions are often regarded as consisting of four key elements. What are these?

• A.Risk; compliance; audit; legal.
• B.Financial; customer; internal; learning.
• C.Strategic; tactical; operational; transactional.
• D.Planning; organising; leading; controlling.

Where, if at all, in the annual report accounts, must a statement appear from the London based chairman of the retail group?

• A.In the auditor's statement
• B.In the notes to the accounts
• C.In the directors' report
• D.It is not required

To whom is financial accounting most useful?

• A.The internal audit team.
• B.The underwriting department for technical pricing.
• C.Regulators only.
• D.Stakeholders.

The term 'unearned premium' in UK's accounts will be shown as

• A.a liability.
• B.shareholder equity.
• C.a note to the accounts only.
• D.an asset.

When an insurance company seeks to play a role in society via sponsorship and community projects, this is known as

• A.vertical integration.
• B.horizontal diversification.
• C.codified management.
• D.a stakeholder perspective.