ITPEC FE Corporate Activities Questions with Answers — Page 2

Corporate Activities

77 questions · Fundamental Engineering · 51–77

Apr 2020 · Question 63

The weighted comprehensive evaluation method is used to integrate and quantify the evaluation scores of multiple items for quantitatively evaluating the effect of improvements. Which of the following is the improvement proposal that should be prioritized in the table below?

Evaluation items	Weighting factor	Improvement proposals
Evaluation items	Weighting factor	Proposal 1	Proposal 2	Proposal 3	Proposal 4
Labor savings	4	6	8	2	5
Shortening oftime frame	3	5	5	9	5
Reduction ofresources	3	6	4	7	6

a)Proposal 1b)Proposal 2c)Proposal 3d)Proposal 4

Apr 2020 · Question 65

Which of the following descriptions corresponds to CSR procurement?

a)Choosing the product with the lowest price in order to minimize costsb)Having multiple suppliers to avoid situations in which procurement is not possible after disastersc)Indicating procurement standards that take the environment, human rights, etc. into account, and requiring suppliers to comply with thesed)Using EDI for purchasing goods to perform prompt and accurate procurement

Apr 2020 · Question 75

Which of the following is an explanation of a matrix organization?

a)A temporary and flexible organization in which experts are gathered together from other departments to solve specific issues with a set time frame and goalb)An organization having functionally differentiated departments on the basis of specialized knowledge of the work, such as procurement, production, sales, and financec)An organization in which members usually belong both to a functional department and to a department that executes specified businessd)An organization in which self-contained management activities can be developed by possessing the functions and the profit responsibility necessary for the business execution on a per-product, per-customer, or per-region basis

Apr 2020 · Question 76

Which of the following is an explanation of work sharing?

a)A concept that aims for diverse and flexible working styles, for the purpose of realizing harmony between work and lifeb)A method that allows employees to select welfare services within a certain rangec)A system that allows employees to choose their workplace or dutyd)An initiative for securing employment through shortening of work hours per employee and review of work assignments

Apr 2020 · Question 78

Break-even point (BEP) is a point where total costs and total revenue are equal. The table below shows the fixed costs, price per unit, variable costs per unit, and BEP in units for Company A and Company B.

	Company A	Company B
Fixed costs ($)	x	y
Price per unit ($)	120	140
Variable costs per unit ($)	40	60
BEP in units	500	600

Which of the following is the appropriate combination of the fixed costs of Company A, and Company B?

a)20,00036,000b)20,00048,000c)40,00036,000d)40,00048,000

Apr 2020 · Question 79

An investor purchased property A for $500,000. Two years later, the investor sold the property for $1,000,000. Which of the following is the ROI of this investment (%)?

a)50b)100c)150d)200

Oct 2020 · Question 54

Which of the following is used in quality management to help determine whether a process is stable by using plotted time-series data and limit lines?

a)Brainstormingb)Cause-and-effect diagramc)Control chartd)Run chart

Oct 2020 · Question 75

In a company, which of the following is the main role of the manufacturing department?

a)Attracting, developing, and sustaining the labor force and maintaining employee recordsb)Managing financial assets and maintaining financial recordsc)Producing products and servicesd)Selling products and services

Oct 2020 · Question 78

Which of the following is a method of inventory asset valuation to calculate the inventory unit price by the expression as shown below each time that a new inventory asset is received?

(The costs of goods received + The costs of goods in stock) /

(The quantity of goods received + The quantity of goods in stock)

a)Final acquisition cost method (Final purchase cost method)b)First-in first-out methodc)Moving average methodd)Periodic average method

Oct 2020 · Question 79

Which of the following is the profit obtained by the expression shown below in the income statement, when the regulation of corporate accounting in Japan is applied?

Operating profit + (Non-operating revenue − Non-operating expense)

a)Current net profitb)Current net profit before taxesc)Extraordinary profitd)Ordinary profit

Oct 2019 · Question 55

In order to analyze the trend of issues that occur in a project, the number of issues by management item, such as the stakeholders, cost, schedule, quality, etc., are arranged in order starting with the highest number of issues in the form of a bar graph, and a diagram is prepared in which the number of issues accumulated in this order are superimposed in the form of a line graph. Which of the following is this diagram?

a)Cause and effect diagramb)Control chartc)Pareto diagramd)Scatter diagram

Oct 2019 · Question 76

Which of the following is an appropriate method to forecast the amount of revenue during an upcoming promotion at a store, based on historical data?

a)Cluster analysisb)Delphi methodc)Pareto analysisd)Regression analysis

Oct 2019 · Question 77

Which of the following is an appropriate explanation of a scatter diagram?

a)It is a chart used to determine if a relationship, pattern, or trend exists between two numeric attributes.b)It is a chart used to summarize the frequency distribution of a given attribute.c)It is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by a line.d)It is a type of chart used to determine whether a process is in a stable state or not, and it plots characteristic values based on temporal transition.

Oct 2019 · Question 78

When a company sells a product at 17 dollars per unit, and the fixed costs and the variable costs are as shown in the tables below (in dollars), how many units does the company have to sell to earn a profit of 42,000 dollars?

Fixed costs:

Administration costs	130,000
R&D costs	10,000

Variable costs per unit:

Raw material costs	4
Administration costs	3

a)10,200b)14,200c)16,200d)18,200

Oct 2019 · Question 79

Which of the following inventory valuation methods calculates the inventory unit price by dividing the total purchase amount by the total quantity of items purchased at the end of the accounting period?

a)First-in- first-out methodb)Last-in- first-out methodc)Moving average methodd)Periodic average method

Apr 2019 · Question 75

Which of the following is a major role of a CIO?

a)The CIO creates a plan for optimizing the effect of investment on the information resources of the entire company to support the business strategy when a computerization strategy is established.b)The CIO gives advice to the information system department by auditing whether the information system is functioning appropriately with respect to the corporate activities.c)The CIO receives queries about the information system, reports on the problems, and gives specific instructions to the department in charge so that the information system of the entire company can be managed optimally.d)The CIO understands the status of the information system development and operation and specifically instructs improvement points so that the information system of the entire company functions optimally.

Apr 2019 · Question 76

Which of the following is a characteristic of the OJT?

a)A dedicated approach to education is possible by staying away from the work place.b)Because the boss or a senior associate imparts hands-on knowledge and technical education by staying close to practical affairs, the required competency can be acquired.c)Education that focuses on generalized knowledge and technology can be received.d)Regardless of the qualification of the boss or senior associate, occupational knowledge of a specific standard can be acquired.

Apr 2019 · Question 78

Which of the following is a financial statement that represents the assets, liabilities, and net assets of a company at a certain point of time and indicates the financial situation of the company?

a)Balance sheetb)Cash flow statementc)Income statementd)Statements of shareholders’ equity

Apr 2019 · Question 79

Which of the following is a method for making decisions on the basis of the sum of the future cashflows discounted by a discount rate?

a)Internal Rate of Return Method (IRR)b)Net Present Value Method (NPV)c)PayBack Period Method (PBP)d)Return on Investment Method (ROI)

Oct 2018 · Question 78

There are several quality control tools that have been used primarily for manufacturing and inspection departments. Which of the following sets two corresponding types of data on the vertical and horizontal axes, after which the measured values are plotted?

a)Control chartb)Histogramc)Pareto chartd)Scatter diagram

Oct 2018 · Question 79

Company Z is planning to start a new project of which the initial investment is 100 million dollars. It is expected to generate cash as shown in the following table. What is the payback period of the new project?

Cash flow in million dollars

Year	Cash Flow
0	(100)
1	20
2	30
3	40
4	50
5	75

a)3.0b)3.2c)3.5d)4.0

Oct 2018 · Question 80

Which of the following is an appropriate order of the workflow from transaction records to closing accounts?

a)General Ledger → Journal Book → Trial Balance Sheet→ Work Sheet → Financial Statementsb)General Ledger → Journal Book → Work Sheet →Trial Balance Sheet→ Financial Statementsc)Journal Book → General Ledger → Trial Balance Sheet→ Work Sheet → Financial Statementsd)Journal Book → General Ledger → Work Sheet →Trial Balance Sheet → Financial Statements

Apr 2018 · Question 74

Which of the following is the appropriate role of a facilitator in a meeting?

a)To act as the chairperson and control the discussions so as to work out a conclusion that matches the intentions of the managementb)To encourage the participants of the meeting to put forth their remarks and organize the flow of discussions from a neutral and impartial positionc)To give advice only in discussions related to specific areas in which the facilitator specializes, such as technical or legal fieldsd)To offer specialized support for the administration of a meeting, such as adjusting the schedule, preparing materials, or creating minutes.

Apr 2018 · Question 75

Which of the following is an explanation of an affinity diagram?

a)It is a method by which along with the progress in a situation, measures are examined for problems that might have several outcomes, and the process leading to the desired result is decided.b)It is a method by which a causal relationship is clarified for events intertwined with complex factors.c)It is a method by which the collected information is categorized on the basis of a mutual relationship, and the problems to be resolved are clarified.d)It is a method by which the means and measures for achieving the purpose and objectives are developed sequentially, and the most appropriate means or measures are sought.

Apr 2018 · Question 77

A factory has recorded the number of occurrences of defective products according to the cause of the defect. Based on this record, which of the following is a Pareto chart that shows the top causes of defective product occurrences and the cumulative total of percentages?

a)b)c)d)

Apr 2018 · Question 78

Company A sets a goal to make a profit of $36,000 under the conditions shown in the table below. What is the minimum sales revenue for the company to achieve its goal?

Selling Price	$ 40 per unit
Variable Cost	$ 28 per unit
Fixed Cost	$ 42,000 per period

a)3,500b)6,500c)140,000d)260,000

Apr 2018 · Question 79

When the inventory unit price is determined by dividing the total purchase amount by the total quantity of items purchased, which of the following is an appropriate inventory method to be used?

a)First-in first-out methodb)Periodic average methodc)Moving average methodd)Final acquisition cost method (Final purchase cost method)