Quiz On Ppp (Re-sit)

50 Questions | Total Attempts: 87

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Quiz On Ppp (Re-sit)

Quiz on Company Policies, Procedures and Processes


Questions and Answers
  • 1. 
    Which of the below departments shall maintain and keep files of the Company's fixed asset? I. Admin department II.Accounts Department III. IARM department IV. HR department
    • A. 

      I and III

    • B. 

      I and II

    • C. 

      III and IV

    • D. 

      I, II and III

  • 2. 
    When inappropriate behaviour in the workplace is not well-managed, it can prevent:
    • A. 

      Low morale amongst other employees

    • B. 

      Achievement of goals

    • C. 

      Disregard for constitute authority

    • D. 

      Dispute

    • E. 

      All of the above

  • 3. 
    The meaning of risk appetite in our context is
    • A. 

      The level of risk that company can take

    • B. 

      Measurement of risk

    • C. 

      The risk registers

    • D. 

      The risk function

    • E. 

      None of the above

  • 4. 
    On what occasion shall an annual leave be treated as absconding or abandonment of duty?
    • A. 

      When there is an extension of the leave

    • B. 

      When there is an extension of the leave without information

    • C. 

      When there is an extension of the leave without proper documented communication and HR approval

    • D. 

      When there is an extension of the leave without Management approval

  • 5. 
    Which of the below information is true to our policy of placing employees adequately in their positions
    • A. 

      Each cadre contains a range of 4 levels

    • B. 

      The cadre is our basis and ladder of growth in the various job grades

    • C. 

      The cadre is used to establish seniority and leadership hierarchy ladder

    • D. 

      Each Job Grade shall consist of 4 designations with a corresponding increasing salary

    • E. 

      None of the above

  • 6. 
    Any risk which when crystallized will cause equipment idle time of one month is classified as
    • A. 

      Significant

    • B. 

      Major

    • C. 

      Catastrophe

    • D. 

      Minor

  • 7. 
    When making an investigation, what is the LIFT principle that ought to be followed?
    • A. 

      Learn It For The-future

    • B. 

      Logical Information For Thorough discipline

    • C. 

      Logical Impartial Fair Time-bound

    • D. 

      Literature Is For Thinking

    • E. 

      Leadership Imperative For Tomorrow

  • 8. 
    The procurement of material(s) that is more than __________ shall involve the Contract / Tender Committee to meet
    • A. 

      N200,000

    • B. 

      N300,000

    • C. 

      N500,000

    • D. 

      N150,000

    • E. 

      N2,000,000

  • 9. 
    A newly appointed director will need to wait for how many years before qualifying to become a member of EMC
    • A. 

      Two

    • B. 

      One

    • C. 

      Three

    • D. 

      Five

    • E. 

      Four

  • 10. 
    Employees who are absent for more than 1 day on the basis of sick leave and who fail to provide the required documentation upon the day of resumption shall
    • A. 

      Forfeit salary payment for the days absent

    • B. 

      Be granted pay for the days absent but issued caution letter

    • C. 

      Shall be treated as absconded

    • D. 

      All of the above

    • E. 

      None of the above

  • 11. 
    Risk function is calculated as thus:
    • A. 

      Likelihood probability X consequence

    • B. 

      Likelihood Probability X Control risk

    • C. 

      Inherent risk X control risk

    • D. 

      Residual risk X control risk

  • 12. 
    The subsidiary Operational Head shall send the Bi-weekly fund request to CMC on
    • A. 

      10th and 25th of every month

    • B. 

      14th and 25th of every month

    • C. 

      10th and 20th every month

    • D. 

      12th and 23rd every month

  • 13. 
    The full meaning of EMC is
    • A. 

      Executive Management Committee

    • B. 

      Executive Management Commission

    • C. 

      Executive Managers Committee

    • D. 

      Executive Management Comittee

  • 14. 
    One of the below shall not be the rights of an employee who has been accused of misconduct?
    • A. 

      He must be made aware of such matters that are under investigation, when an investigation commences

    • B. 

      He must be made aware of the anticipated time-scale to arrive at a verdict

    • C. 

      He must be informed of his rights to representation during any meetings to discuss the areas of concern

    • D. 

      All of the above

    • E. 

      None of the above

  • 15. 
    Which of the below forms must be filled before recruitment process can commence?
    • A. 

      SPR

    • B. 

      Job Description

    • C. 

      KPI for the role

    • D. 

      Department Organogram showing where the new employee is to be engaged

    • E. 

      All of the above

  • 16. 
    The Accountant shall post the approved payable to contractor account at what time limit?
    • A. 

      Within 48 hours

    • B. 

      Not later than 24 hours

    • C. 

      Not later than 72 hours

    • D. 

      Not earlier than 36 hours

    • E. 

      Not earlier than 24 hours

  • 17. 
    Who shall be responsible to negotiate the terms and conditions to engage a recruitment / hiring consultant to assist in sourcing quality candidates for various roles across the group?
    • A. 

      HR Manager

    • B. 

      Hiring Committee

    • C. 

      Cost Management Committee

    • D. 

      GMD

    • E. 

      Any Manager

  • 18. 
    Any decision made by EMC on an issue must be communicated to concerned committee or staff within
    • A. 

      12 hours

    • B. 

      48 hours

    • C. 

      24 hours

    • D. 

      36 hours

    • E. 

      72 hours

  • 19. 
    The Department that is empowered to issue LPO / WO is
    • A. 

      Operations

    • B. 

      Store

    • C. 

      Logistics

    • D. 

      Procurement

    • E. 

      Accounts

  • 20. 
    Payables shall only be created under the following conditions I. If the immediate sources of repayment is known II. If the financial obligation is not more than 45 days III. If the financial obligation is not more than 60 days IV. If it is created according to the operational manual and within the approved limit of EMC
    • A. 

      I and II

    • B. 

      I, II and III

    • C. 

      II and IV

    • D. 

      I, III and IV

    • E. 

      All of the above

  • 21. 
    In what order does the applicable disciplinary action against lateness occur:
    • A. 

      Verbal caution -->  written caution -->  forfeits annual appraisal pay rise -->  final written warning

    • B. 

      Verbal caution -->  Fine -->  written caution -->  final written warning -->  forfeits annual appraisal pay rise

    • C. 

      Fine -->  Verbal caution -->  written caution -->  final written warning -->  forfeits annual appraisal pay rise

    • D. 

      Verbal caution -->  forfeits annual appraisal pay rise -->  Fine -->  written caution -->  final written warning

    • E. 

      Fine -->  Verbal caution -->  forfeits annual appraisal pay rise -->  written caution -->  final written warning

  • 22. 
    The following are in the composition of the Group Tender / Contract Committee I. GED II. GFM III. GHRM IV. GHIARM
    • A. 

      I and IV

    • B. 

      I, II and III

    • C. 

      I, II and IV

    • D. 

      All of the above

    • E. 

      None of the above

  • 23. 
    Any contract that will be implemented at all must meet up with the following conditions: I. Approved in business plan or quarterly review plan II. Special approval by EMC III. Special approval by SD IV. Special approval by GMD
    • A. 

      I, II and III

    • B. 

      I, III and IV

    • C. 

      I and II

    • D. 

      II and III

    • E. 

      III and IV

  • 24. 
    Where bonus is to be accompanied with letter of commendation to a staff, the letter shall be signed by _______
    • A. 

      GED

    • B. 

      GMD

    • C. 

      GHHR

    • D. 

      SD

  • 25. 
    The subsidiary accountant shall submit the schedule of receivable to CMC by
    • A. 

      20th of every month

    • B. 

      22nd of every month

    • C. 

      25th of every month

    • D. 

      30th of every month

    • E. 

      1st of every month

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