1

QUESTION RELAY MODTMIT2 K32 UNIT 5

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 UNIT 5
2
ROUND 1

EASY

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 Game mechanics
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1. Each time shall be composed of 4 members. 


2. This game is similar to the typical message relay game.

However, in this version, questions will be relayed.

3. The game starts with one representative from each group

who will get the question from the hosts. They will then
memorize the question and the pass it on to the next group
member in the line, and so on.
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4. Once the last person is ready to answer, he/she will raise

his/her hand. He/she will have to mention the question out
loud in front of the class before he/she gets to answer the
question. Note: only the last person can answer the question.
No coaching is allowed from the other team members.

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5

5. Only the first group to get BOTH the question and answer
correctly in each round will receive the points. Note: The
questions do not have to be recited word per word as long as
the keywords and the essence of the question are intact. 

6. The members will rotate their positions after each
question.




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 Game mechanics
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7. There are three sets of questions in terms of difficulty. After

the Easy level (1pt per question), the 2 groups with the
lowest scores will be eliminated. After the Medium level
(3pts), the group with the lowest score will be eliminated.
After the Difficult level (5pts), the 2 groups with the highest
scores will be declared the winners. The points will be carried
over to the next round. 

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 powers
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At the start of the game, each group is given two powers:

Stop and Cut. Each power can be used only once throughout
the game.
Stop - the group has the power to stop one other group from
participating in one particular question
Cut - the group can cut one member in their group (i.e. they
will have three members in the group instead of four) for one
question only.
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 8

Question #1
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 QUESTION #1 9

Posting adjusting entries is one of the basic activities in

GLRS.

TRUE OR
FALSE

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 QUESTION #1 10

Posting adjusting entries is one of the basic activities in

GLRS.

TRUE

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Question #2
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 QUESTION #2 12

If the trial balance is properly recorded, the total of all debit

balances equal the total of all credit balances

TRUE OR
FALSE

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 QUESTION #2 13

If the trial balance is properly recorded, the total of all debit

balances equal the total of all credit balances

TRUE

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Question #3
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 QUESTION #3 15

One of the primary threats in the GLRS is high performance.

TRUE OR
FALSE

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 QUESTION #3 16

One of the primary threats in the GLRS is high performance.

FALSE

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 17

Question #4
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 QUESTION #4 18

Capital Expenditure Budget shows anticipated cash inflows

and cash outflows for use in determining borrowing needs.

TRUE OR
FALSE

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 QUESTION #4 19

Capital Expenditure Budget shows anticipated cash inflows

and cash outflows for use in determining borrowing needs.

FALSE

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Question #5
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 QUESTION #5 21

Investment Centers provide calculations of return on

investment.

TRUE OR
FALSE

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 QUESTION #5 22

Investment Centers provide calculations of return on

investment.

TRUE

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 23

Question #6
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 QUESTION #6 24

The trial balance indicates whether the total debits equal the
total credits posted to the general ledger.

TRUE OR
FALSE

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 QUESTION #6 25

The trial balance indicates whether the total debits equal the
total credits posted to the general ledger.

TRUE

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 26

Question #7
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 QUESTION #7 27

Unearned Income is an example of an accrual adjusting

entry.

TRUE OR
FALSE

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 QUESTION #7 28

Unearned Income is an example of an accrual adjusting

entry.

FALSE

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 29

Question #8
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 QUESTION #8 30

Journalizing is the first step in the accounting cycle.

TRUE OR
FALSE

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 QUESTION #8 31

Journalizing is the first step in the accounting cycle.

FALSE

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Question #9
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 QUESTION #9 33

XBRL taxonomy are a set of files defining the various

elements and the relationships between them.

TRUE OR
FALSE

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 QUESTION #9 34

XBRL taxonomy are a set of files defining the various

elements and the relationships between them.

TRUE

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 35

Question #10
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 QUESTION #10 36

Recording interest earned on an investment is an example of

a deferral entry.

TRUE OR
FALSE

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 QUESTION #10 37

Recording interest earned on an investment is an example of

a deferral entry.

FALSE

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 38

MEDIUM ROUND 2

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Question #1
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 QUESTION #1 40

The Balance Scorecard contains measures relating to four

perspectives of the organization, except:

Innovation
Internal
and Strategy
Operations
Learning

A B C

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 QUESTION #1 41

The Balance Scorecard contains measures relating to four

perspectives of the organization, except:

Strategy

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Question #2
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 QUESTION #2 43

Information should be protected from competitors or from

destruction by using:

Encryption Data Mining Scrubbing

A B C

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 QUESTION #2 44

Information should be protected from competitors or from

destruction by using:

Encryption

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 45

Question #3
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 QUESTION #3 46

It contains multiple views or measures of a variable and a

number of foreign keys that link it to the factors that influence
it.

Dimension
Table Fact Table Time Table

A B C

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 QUESTION #3 47

It contains multiple views or measures of a variable and a

number of foreign keys that link it to the factors that influence
it.

Fact Table

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 48

Question #4
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 QUESTION #4 49

It depicts planned revenues and expenses for each unit.

Operating Capital
Cash Flow
Budget Expenditure
Budget
Budget

A B C

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 QUESTION #4 50

It depicts planned revenues and expenses for each unit.

Operating
Budget

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Question #5
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 QUESTION #5 52

It presents the actual vs. forecasted sales by product,

geographical category etc.

Cost
Profit Revenue
Centers
Centers Centers

A B C

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 QUESTION #5 53

It presents the actual vs. forecasted sales by product,

geographical category etc.

Revenue
Centers

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 54

Question #6
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 QUESTION #6 55

Who provides the adjusting entries for a well-designed

general ledger and reporting system?
Various
user Treasurer’s Controller’s
department Area Area
s

A B C

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 QUESTION #6 56

Who provides the adjusting entries for a well-designed

general ledger and reporting system?

Controller’s
Area

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 57

Question #7
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 QUESTION #7 58

Corrections are entries made to correct errors found in

Special
General
Journals All journals
Ledger

A B C

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 QUESTION #7 59

Corrections are entries made to correct errors found in

General
Ledger

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 60

Question #8
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 QUESTION #8 61

Adjusting entries that reflect events that have already

occurred but for which no cash flow has taken place are
classified as

Accruals
Revaluation
Deferrals
s

A B C

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 QUESTION #8 62

Adjusting entries that reflect events that have already

occurred but for which no cash flow has taken place are
classified as

Accruals

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 63

Question #9
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 QUESTION #9 64

An adjusting entry made at the end of an accounting period

that reflects the exchange of prior cash to performance of a
related event is classified as a(n)

Correcting
Accrual Deferral
Entry
Entry Entry

A B C

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 QUESTION #9 65

An adjusting entry made at the end of an accounting period

that reflects the exchange of prior cash to performance of a
related event is classified as a(n)

Deferral
Entry

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 66

HARD ROUND 3

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 67

Question #1
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 QUESTION #1 68

Journal entries are often documented on a form called

___________.

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 QUESTION #1 69

Journal entries are often documented on a form called

JOURNAL VOUCHER.

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 70

Question #2
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 QUESTION #2 71

It is a report that provides a multi-dimensional perspective on

organizational performance.

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 QUESTION #2 72

Balanced Scorecard provides a multi-dimensional

perspective on organizational performance.

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 73

Question #3
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 QUESTION #3 74

It is the process of verifying the accuracy of the data, and is

often one of the most time-consuming and expensive steps.

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 QUESTION #3 75

Scrubbing is the process of verifying the accuracy of the

data, and is often one of the most time-consuming and
expensive steps.

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 76

Question #4
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 QUESTION #4 77

It is the process of accessing data in the warehouse and

using it for strategic decision making.

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 QUESTION #4 78

Business Intelligence is the process of accessing data in

the warehouse and using it for strategic decision making.

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 79

Question #5
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 QUESTION #5 80

It shows planned cash inflows and outflows for each project

  

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 QUESTION #5 81

Capital Expenditure Budget shows planned cash inflows

  

and outflows for each project

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 82

Question #6
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 QUESTION #6 83

Cost center reports compare actual versus budget regarding

____________

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 QUESTION #6 84

Cost center reports compare actual versus budget regarding

Controllable costs.

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Question #7
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 QUESTION #7 86

A type of edit check that would ensure that entries are made
to existing general ledger accounts

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 QUESTION #7 87

Validity check is a type of edit check that would ensure that

entries are made to existing general ledger accounts

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Question #8
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 QUESTION #8 89

A budget in which the amounts are stated in terms of

formulas based upon actual level of activity

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 QUESTION #8 90

A Flexible budget is a budget in which the amounts are

stated in terms of formulas based upon actual level of activity

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Question #9
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 QUESTION #9 92

An XBRL file that provides instructions on how to display an

instance document on either a computer screen or printed
report.

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 QUESTION #9 93

A Style sheet is an XBRL file that provides instructions on

how to display an instance document on either a computer
screen or printed report.

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Question #10
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 QUESTION #10 95

A path that allows transaction to be traced through a data

processing system from point of origin to output or backwards
from output to point of origin.

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 QUESTION #10 96

An audit trail is a path that allows transaction to be traced

through a data processing system from point of origin to
output or backwards from output to point of origin.

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