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CIA (Internal Audit) Management — practice by topic

Browse 30 questions across 3 Management topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Management topics

Business Ethics (30)Corporate Governance (30)Management (30)

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Customers, employees, suppliers and communities all have an interest in how a firm operates. They are its:Read the answer and worked solution →The internal body responsible for defining and evaluating a company's ongoing mission is the:Read the answer and worked solution →Executives leading finance, marketing and manufacturing are hired by the:Read the answer and worked solution →Firms that most directly influence a company's bottom line from outside are called key external:Read the answer and worked solution →

Worked practice questions

Customers, employees, suppliers and communities all have an interest in how a firm operates. They are its:

  1. Stakeholders
  2. Storekeepers
  3. Statisticians
  4. Stenographers
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Correct answer: A. Stakeholders

1. Each group is affected by what the company does. 2. Each therefore holds a stake in its conduct. 3. Together they are the stakeholders. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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The internal body responsible for defining and evaluating a company's ongoing mission is the:

  1. Branch
  2. Board
  3. Bench
  4. Bureau
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Correct answer: B. Board

1. It sits above the executive team in large companies. 2. It sets direction and judges whether it is being met. 3. That body is the board of directors. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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Executives leading finance, marketing and manufacturing are hired by the:

  1. CEO
  2. CPA
  3. CIA
  4. CSR
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Correct answer: A. CEO

1. The board appoints the chief executive. 2. That officer then builds the functional leadership team. 3. So the executives are hired by the CEO. _Source: OpenStax Business Ethics, Chapter 3, Defining and Prioritizing Stakeholders._

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