ITPEC IT Passport Corporate Activities Questions with Answers — Page 2

Corporate Activities

69 questions · IT Passport · 51–69

Oct 2020 · Question 53

Which of the following is a diagram where bugs detected during the testing of a system are accumulated by their cause and arranged in the order of higher frequency of cause, and a cumulative curve is inserted?

a)Scatter diagramb)Cause and effect diagramc)Pareto chartd)Histogram

Oct 2020 · Question 68

A restaurant has the total sales, the variable cost, the fixed cost, and the business days per year shown below. In order for the restaurant to make at least 4 million yen in annual profit, what is the minimum number of customers required per business day?

Total sales per customer	3,000 yen
Variable cost per customer	1,000 yen
Annual fixed cost	20 million yen
Business days per year	300 days

a)14b)20c)27d)40

Oct 2020 · Question 71

When income statements for the previous term and the current term are compared, which of the following is an appropriate description of a change from the previous term to the current term?

Unit: million yen

Account	Previous Term	Current Term
Net sales	7,500	9,000
Cost of sales	6,000	7,000
Selling, general and administrative expenses	1,000	1,000
Non-operating income	160	150
Non-operating expenses	110	50
Extraordinary profits	10	0
Extraordinary losses	10	0
Taxes	250	500

a)Gross profit on sales increased by 1,500 million yen.b)Operating profit increased by 50%.c)Ordinary profit increased twofold.d)Current net income remained unchanged.

Apr 2019 · Question 66

A product is manufactured by allocating a set of materials to three factories A, B, and C. The profit of the factories according to the allocated units of the material is as shown in the table below. How much (in million yen) is the maximum profit that is obtained by allocating a total of four units of the material to the factories?

Unit: million yen

Allocated units of material	1 unit	2 units	3 units	4 units
Profit of factory A	2	5	7	8
Profit of factory B	1	3	5	7
Profit of factory C	3	4	6	8

a)8b)9c)10d)11

Apr 2019 · Question 67

A company wants to perform an acceptance inspection on an outsourced part with a non-defective probability of 0.9 and defective probability of 0.1. The table below shows four (4) proposed acceptance inspections with their respective cost per non-defective and defective part. Which of the following is the plan with the lowest expected cost?

Plan	Cost per non-defective part	Cost per defective part
A	0	1,500
B	40	1,000
C	80	500
D	120	200

a)Ab)Bc)Cd)D

Apr 2019 · Question 68

What is the total sales amount in million yen at the break-even point that is calculated based on the income statement shown below?

Unit: Million yen

Total sales	4,000
Variable manufacturing cost	1,400
Variable selling cost	600
Fixed cost	800

a)1,200b)1,231c)1,600d)2,154

Oct 2019 · Question 69

Among the items of information concerning management status, which of the following is the list that contains all information which is mandated for disclosure in the annual securities reports of listed companies?

A:Cash flow statementB:Market shareC:Income statementD:Balance sheet

a)A, B, Cb)A, B, Dc)A, C, Dd)B, C, D

Oct 2019 · Question 70

Which of the following is the part of a cash flow statement where the income from product sales is reported?

a)Sales activitiesb)Financial activitiesc)Investment activitiesd)Administrative activities

Oct 2019 · Question 72

Which of the following is the appropriate explanation of ABC analysis?

a)A method for systematically identifying the cause of a problem by using a diagram that looks like a fish skeletonb)A method for analyzing whether there is a relationship between two variables by using collected datac)A method for extracting samples from a population, testing the samples, and determining the quality of the population, based on the number of defects in the samplesd)A method for ranking the importance of items, based on the cumulative percentage distribution of sales and others in order to clarify the items to be controlled preferentially

Oct 2019 · Question 94

From the table shown below that indicates changes in the performance of retail company A with multiple stores, which of the following can be read?

	2015	2016	2017
Net sales (100 million yen)	6,000	5,500	5,000
Operating profit (100 million yen)	600	1,000	1,200
Number of stores	300	250	200

a)The net sales per one (1) store are decreasing, and the operating profit ratio is increasing.b)The net sales per one (1) store are decreasing, and the operating profit ratio is also decreasing.c)The net sales per one (1) store are increasing, and the operating profit ratio is also increasing.d)The net sales per one (1) store are increasing, and the operating profit ratio is decreasing.

Oct 2019 · Question 100

In the figure below, blanks A through D represent the transaction process that is used when Company X exchanges the forms or documents with the customer. When time progresses from left to right, which of the following should be inserted into blank B? Here, each of blanks A through D corresponds to one of the options “a)” through “d)”.

a)Acceptance certificateb)Invoicec)Confirmation of orderd)Purchase order

Apr 2018 · Question 68

When there are n evaluation items, n evaluation axes are drawn from the center of a circle so that the circle can be divided into n equal pieces, and then evaluation values are plotted on each axis. Which of the following is the appropriate chart or diagram that is used for determining the relative balance between evaluation items and the distance from averages by connecting neighboring plotted points with line segments?

a)Z chartb)Scatter diagramc)Fan chartd)Radar chart

Apr 2018 · Question 71

Company A manufactures and sells product B. Which of the following is the appropriate expression for calculating the total cost of product B? Here, the total cost refers to all the costs incurred until product B is sold.

a)Manufacturing cost of product B + Selling expenses of product Bb)Manufacturing cost of product B + Operating profit of product Bc)Sales of product B − Manufacturing cost of product Bd)Sales of product B − Selling expenses of product B

Apr 2018 · Question 72

Which of the following is a mechanism by which interested parties, such as the shareholders or investors, supervise and monitor the management of a company conducted by the management executives and board of directors?

a)Complianceb)Corporate governancec)Risk managementd)TOB

Apr 2018 · Question 75

Which of the following is an appropriate example of a practice based on the concept of Green IT?

a)Use of displays that reduce eye fatigue from blue LED lightb)Installation of air shower devices in server room entrances and exitsc)Construction of backup systems in preparation for disastersd)Making a rule of viewing materials on PC screens and limiting their printing on paper

Oct 2018 · Question 66

Which of the following is an explanation of corporate philosophy?

a)Fundamental concepts that present the company’s significance of existence and values, and act as the guideline for business activitiesb)Resources, usually categorized as people, money, materials, or information, which are utilized by a company to gain a competitive advantagec)Long-term, mid-term, and short-term decision making plans for realizing the vision that indicates the future direction of the companyd)Unique style or characteristics of a company, also referred to as corporate culture, which has been derived and established over many years of business activities

Oct 2018 · Question 68

Which of the following is a cost that has a relationship with the calculation of operating profit in an income statement?

a)Advertising costb)Loss on disposal of fixed assetsc)Interest paidd)Corporate tax

Oct 2018 · Question 69

Which of the following is a consolidated financial statement by which a parent company indicates the status of revenue and expenses of an accounting period of a corporate group including subsidiaries?

a)Consolidated statement of shareholders’ equityb)Consolidated cash flow statementc)Consolidated income statementd)Consolidated balance sheet

Oct 2018 · Question 70

Which of the following is an appropriate diagram or chart that is used for ABC analysis?

a)Control chartb)Scatter diagramc)Cause and effect diagramd)Pareto chart