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Commerce Auditing Difficulty: Medium

Assertion (A): Internal audit is required to be conducted by a qualified chartered accountant. Reason (R): It is a tool of management. Give the correct answer using the given option

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More Commerce Questions

An organisation structure defines how job, tasks are formally divided, grouped and coordinated. Managers need to address six key elements when they design their organisation's structure. Match List I with List II given below. List I Refers to the six key elements encountered by managers in designing their organisation structure. List II Provides possible answer to address the key elements encountered in organisation designing. List-I List-II a. To what degree are activities sub-divided into separate jobs? 1. Span of Control b. On what basis will jobs be grouped together? 2. Centralisation and Decentralisation c. To whom do individuals and groups report? 3. Departmentalisation d. How many individuals can a manager efficiently and effectively direct? 4. Work specialisation e. Where does decision-making authority lie? 5. Chain of Command f. To what degree will there be rules and regulations to direct employees and managers? 6. Formalisation If the dependent variable increases as the independent variable increases in an estimating equation, the coefficient of correlation will be inthe range: Bank reconciliation statement is prepared by the: The scientific management stressed upon 1. rationality 2. predictibility 3. specialisation 4. technical competence Assertion (A) Normal distribution curve is a bell shaped curve where mean, median and mode are equal to each other. Reason (R) As the same size increases, all small-sample tests tends to merge with normal distribution.