Description : While preparing Cash Flow Statement, non-cash items and non-operating items are not required to be adjusted under________ A. Indirect method B. Direct method C. Both a and b D. None of the above
Last Answer : B. Direct method
Description : ________ is the first step of budgetary system and all other budgets depends on it. A. Cost budget B. Sales budget C. Production budget D. None of the above
Last Answer : B. Sales budget
Description : _______ is designed after assessment of the volume of output to be produced during budget period. A. Cost budget B. Sales budget C. Production budget D. None of the above
Last Answer : A. Cost budget
Description : Plant utilization budget and Manufacturing overhead budgets are types of A. Production budget B. Sales budget C. Cost budget D. None of the above
Last Answer : C. Cost budget
Description : Method of managing advertising budget at level company can have money for is classified as A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : B. affordable method
Description : Method of managing promotional budget to match outlays of competitors is called A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : C. competitive parity method
Description : Methods used to determine total budget for advertising its market offerings are A. affordable method B. competitive parity method C. percentage of sales method D. all of above
Last Answer : D. all of above
Description : Method of managing advertising budget at a certain percentage of sales price per unit or forecasted sales of products is classified as A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : A. percentage of sales method
Description : Method of managing promotion budget by defining objectives, determining tasks to achieve objectives and estimating costs for activities is called A. percentage of sales method B. affordable method C. competitive parity method D. objective and task method
Last Answer : D. objective and task method
Description : The term "marketing mix" describes: A. A composite analysis of all environmental factors inside and outside the fir B. A series of business decisions that aid in selling a product ... strengths and its business weaknesses D. A blending of four strategic elements to satisfy specific target markets
Last Answer : D. A blending of four strategic elements to satisfy specific target markets
Description : BDL Ltd. is currently preparing its cash budget for the year to 31 March 2014. An extract from its sales budget for the same year shows the following sales values. Rs March 60,000 April 70,000 May 55,000 June 65,000 40% ... 2013 is (a) Rs 60,532 (b) Rs 61,120 (c) Rs 66,532 (d) Rs 86,620
Last Answer : (a) Rs 60,532
Description : A time budget is an estimate of the total hours an audit is expected to take. The following are among the factors to be considered in developing this budget, except a. Client's size as indicated ... experience of available staff. d. Whether the audit is performed during the interim or at year-end.
Last Answer : Whether the audit is performed during the interim or at year-end.
Description : Which of the following is NOT considered to be an objective associated with the use of sales promotions? A. Change buyer attitudes B. Increase volume of individual purchases C. Prompt buyers into trial purchase D. Product improvement
Last Answer : A. Change buyer attitudes
Description : How can you describe the thinking and outlook of transformational leaders? A. Strategic B. Operational C. Functional D. Developmental
Last Answer : D. Developmental
Description : While computation of profit in marginal costing A. Total marginal cost is deducted from total sales revenues B. Total marginal cost is added to total sales revenues C. Fixed cost is added to contribution D. None of the above
Last Answer : A. Total marginal cost is deducted from total sales revenues
Description : ______ is prepared for single level of activity and single set of business conditions. A. Fixed budget B. Flexible budget C. Both a and b D. None of the above
Last Answer : A. Fixed budget
Description : ________ is stated as a budget which is made to change as per the levels of activity attained. A. Fixed budget B. Flexible budget C. Both a and b D. None of the above
Last Answer : B. Flexible budget
Description : Which tool of the promotional mix is defined as any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor? A. Advertising B. Public relations C. Direct marketing D. Sales promotion
Last Answer : A. Advertising
Description : Considering promotional mix, paid, non personal promotion of ideas or market offerings by some specific sponsor is classified as A. public relations B. advertising C. sales promotion D. personal selling
Last Answer : D. personal selling
Description : Non-store retailing falls into four major categories. Which of the following is NOT one of the four nonstore retailing categories? A. Buying service B. Internet sales C. Automatic vending D. Direct marketing E. Direct selling
Last Answer : B. Internet sales
Description : The first of the major environmental protection act to be promulgated in India was: A. Water Act B. Air Act C. Environmental Act D. Noise Pollution Rule
Last Answer : A. Water Act
Description : The provisions of environmental protection in the constitution were made under: A. Article 5-A B. Article 21-B C. Article 27-B (h) D. Article 48-A and Article 51-A (g)
Last Answer : D. Article 48-A and Article 51-A (g)
Description : The Environmental (Protection) Act was enacted in the year: A. 1986 B. 1992 C. 1984 D. 1974
Last Answer : A. 1986
Description : The management of natural resources should take into A. A long term perspective B. Environmental pollution C. Their equitable distribution D. All of the above and safe disposal of wastes
Last Answer : D. All of the above and safe disposal of wastes
Description : The Balance of Payment is an _________ system. A. Accounting B. Social C. Environmental D. Tourist
Last Answer : A. Accounting
Description : Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice B. Ethical conduct C. Human rights and employee relations D. Community investment E. All of the above F. None of the above
Last Answer : E. All of the above
Description : Examples of environmental stressors are A. Weather B. Traffic C. Financial problems D. Substandard housing E. Only ‘A’, ‘B’ & ‘D’ are right
Last Answer : E. Only ‘A’, ‘B’ & ‘D’ are right
Description : The process of collecting information about the external marketing environment is A. Environmental management B. Environmental scanning C. Marketing management D. Marketing research
Last Answer : B
Description : Which of the following statements are not true about budget, budgeting & budgetary control? A. Budgetary control works on the basis of best option B. Budget is one of the important mediums of communication C. Budgeting develops the quality of objectivity in planning D. None of the above
Last Answer : D. None of the above
Description : ______also known as subsidiary budgets. A. Master budget B. Functional budget C. Cost budget D. None of the above
Last Answer : B. Functional budget
Description : ______ provides an estimate of the capital amount that may be required for buying fixed assets needed for meeting production requirements. A. Production budget B. Cash budget C. Capital expenditure budget D. None of the above
Last Answer : B. Cash budget
Description : R&D budget and Capital expenditure budget are examples of A. Short-term budget B. Current budget C. Long-term budget D. None of the above
Last Answer : C. Long-term budget
Description : A budgeting process which demands each manager to justify his entire budget in detail from beginning is A. Functional budget B. Master budget C. Zero base budgeting D. None of the above
Last Answer : C. Zero base budgeting
Description : In context of net operating profit, which of the following statements are true? A. If all costs are variable, the amount of profit obtained in marginal costing and absorption costing will be same. B. If ... same in absorption costing and marginal costing. C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : Gross Profit ratio is also termed as A. Gross Profit Margin B. Gross Margin to net sales C. Both a and b D. All of the above
Description : Systematic blend of personal selling, sales promotion, advertising and public relations to communicate customer value is called A. promotion mix B. marketing communication mix C. strategic buyer behavior mix D. both a and b
Last Answer : D. both a and b
Description : As per section 2(8), of the Sales of Goods Act, insolvent means a person A. Who has ceased to pay his debts in the ordinary course of business B. Or cannot pay his debts as they become due C. Both (a) and (b) D. None of above
Last Answer : C. Both (a) and (b)
Description : ………………………….. level supply information to strategic tier for the use of top management. A) Operational B) Environmental C) Competitive D) Tactical
Last Answer : D) Tactical
Description : National Income ignores: A. Sales of a firm B. Salary of Employees C. Exports of the IT Sector D. Sale of land
Last Answer : D. Sale of land
Description : Direct material cost + direct labor cost + other variable costs is equal to… A. Contribution B. Total cost C. Marginal cost D. Sales
Last Answer : A sales forecast is only......
Description : Margin of safety is equal to A. Actual sales – Sales at Breakeven point B. Actual sales + Sales at Breakeven point C. Actual sales x Sales at Breakeven point D. Actual sales / Sales at Breakeven point
Last Answer : A. Actual sales – Sales at Breakeven point
Description : Sales for desired profit is measured as A. (Fixed cost + profit)/ (P/V Ratio) B. (Fixed cost + profit) * (P/V Ratio) C. (Fixed cost - profit)/ (P/V Ratio) D. None of the above
Last Answer : A. (Fixed cost + profit)/ (P/V Ratio)
Description : The P/V ratio can be improved by A. Decreasing the selling price per unit B. Increasing variable cost C. Changing the sales mix D. None of the above
Last Answer : C. Changing the sales mix
Description : Which of the following statements are true? A. P/V Ratio can never be used to measure break-even point B. Higher the P/V ratio less will be the profit and vice versa C. Concept of P/V ratio is also used to determine profit at a given volume of sales D. All of the above
Last Answer : C. Concept of P/V ratio is also used to determine profit at a given volume of sales
Description : Profit-Volume ratio is also known as A. Contribution ratio B. Contribution/Sales ratio C. Marginal Income percentage D. All of the above
Last Answer : D. All of the above
Description : Determine Contribution if Sales is Rs 1,50,000 and P/V ratio is 40%. A. Rs 60,000 B. Rs 70,000 C. Rs 30,000 D. None of the above
Last Answer : A. Rs 60,000
Description : Using equation method, Break-even point is calculated as A. Sales = Variable expenses + Fixed expenses + Profit B. Sales = Variable expenses + Fixed expenses - Profit C. Sales = Variable expenses - Fixed expenses + Profit D. None of the above
Last Answer : A. Sales = Variable expenses + Fixed expenses + Profit
Description : Sales margin variance due to sales quantities is measured as A. Standard profit - Revised standard profit B. Revised standard profit - Budgeted profit C. Standard profit + Revised standard profit D. Revised standard profit + Budgeted profit
Last Answer : B. Revised standard profit - Budgeted profit