Description : Competitors, Customers and Public are part of A. macro environment B. micro environment C. business necessities D. none of these
Last Answer : B. micro environment
Description : Micro environment consists of ? A. suppliers B. marketing C. competitors D. all of the above
Last Answer : D. all of the above
Description : What are the important external factors that constitute the economic environment of Business ? A. economic condition B. economic policy C. economic system D. all of the above
Description : Following is not a part of Internet Micro-Environment Customers Competitors Suppliers Technology
Last Answer : Technology
Description : The auditor's understanding of the entity and its environment consists an understanding of the following aspects: a. Industry, regulatory and other external factors, including the applicable financial reporting ... may result in a material misstatement of the financial statements d. All of these.
Last Answer : All of these.
Description : Read the following statements and choose the correct answer (i) Political environment refers to all forces which have an economic impact on business (ii) Economic environment refers to all forces which have an economic impact ... C. (i), (ii) and (iv) are true D. all the statements are false
Last Answer : C. (i), (ii) and (iv) are true
Description : Factors that create opportunities and threats to business units is known as_______. A. internal environment. B. external environment. C. micro environment. D. macro environment.
Last Answer : D. macro environment.
Description : Which is true for existing Economic and Industrial policies of Indian Government ? (i) FERA was abolished (ii) MRTP was abolished (iii) Cash compensatory support for export was abolished (iv) Industrial Licensing (except a few ... (iii) and (iv) C. Only (iii) and (iv) D. Only (ii) and (iii)
Last Answer : C. Only (iii) and (iv)
Description : The purpose of a SWOT Analysis is to analyse ----------- : A. The strategic capability of an Organization B. External and Internal Environments C. The Business Environment and the strategic capability of a Firm relative to Competitors D. The Business Environment in which an Organization operates
Last Answer : The Business Environment and the strategic capability of a Firm relative to Competitors
Description : The auditor's understanding of the entity and its environment consists of an understanding of the following aspects except a. Industry, regulatory, and other external factors, including the ... financial performance. d. Entity's selection and screening process of marketing and production personnel.
Last Answer : Entity's selection and screening process of marketing and production personnel.
Description : Which of the following factors does not need to be considered when formulating policies on the level and financing of working capital? A. The attitude to risk of a company's managers B. ... C. The availability of revenue reserves and capital reserves D. Terms of trade offered by competitors
Last Answer : C. The availability of revenue reserves and capital reserves
Description : Which of the following is not part of the micro environment? a. Technology b. Shareholders c. Competitors d. Publics
Last Answer : Technology
Description : The micro environment consists ______. A. Technological Environment. B. Political Environment. C. Economic Environment. D. Public, middlemen, consumers & competitors.
Last Answer : D. Public, middlemen, consumers & competitors.
Description : In which section of the marketing plan would you find detailed information about the marketing environment, market trends, customers and competitors? A)marketing analysis B)marketing strategies C)product/market background D)situation analysis
Last Answer : A)marketing analysis
Description : X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation
Last Answer : A. Absorption
Description : X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.
Last Answer : B. External reconstruction
Description : Which of the following statements is not correct? A. For the purpose of Funds Flow Statement, the term 'fund ' generally refers to net working capital B. Funds flow is a wider concept than ... business D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds
Last Answer : D. The capitalisation of reserves by the issue of bonus shares also involves flow of funds
Description : When company purchases the business of another company ........ comes into existence. (A)Amalgamation (B)Absorption (C)External Reconstruction (D)Internal Reconstruction
Last Answer : (B)Absorption
Description : When one of the existing companies take over business of another company or companies, it is known as ........... (A)Amalgamation (B)Absorption (C)Internal reconstruction (D)External reconstruction
Description : When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as .................. (A)Amalgamation (B)Absorption (C)Internal reconstruction (D)External reconstruction
Last Answer : (A)Amalgamation
Description : Which of the following factor is not considered while selecting accounting policies? a) Prudence b) Substance over form c) Accountancy d) Materiality
Last Answer : c) Accountancy
Description : If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt.............. Accounting policies. (A)Lifo method (B)Fifo method (C)Weighted method (D)Uniform
Last Answer : (D)Uniform
Description : Which among these is a factor affecting business Environment? A. Value System B. Human Resources C. Both (A) and (B) D. Neither (A) nor (B.
Last Answer : C. Both (A) and (B)
Description : Match the following components of Business Environment. (a) Economic Environment (i) Exim Policy (b) Social Environment (ii) Customs (c) Political Environment (iii) Social values (d) Legal Environment (iv) Business Law and Banking Act (a) ... (ii) (iv) (a) (b) (c) (d) D. (i) (ii) (iv) (iii)
Last Answer : (i) (ii) (iii) (iv) (a) (b) (c) (d)
Description : _____________________ are those aspects which are valued by customers and where the organization must excel to outperform competitors? A. Input Factors B. Process Factors C. Output Factors D. Critical Success Factors
Last Answer : Critical Success Factors
Description : The environment which is close to business and affect its capacity to work is known as ___environment. A. internal. B. external. C. micro. D. macro.
Last Answer : C. micro.
Description : ___ environment is beyond the control of the business. A. Internal. B. External. C. Micro. D. Macro.
Last Answer : B. External.
Description : Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and ... the auditor in evaluating the appropriateness of the selection and application of certain accounting policies
Last Answer : Help the auditor understand the environment in which the financial statements are prepared.
Description : What are the factors that contribute to the Business Success? A. marketing resources B. physical assets C. financial factors D. all of the above
Description : One of the main feature that distinguish microprocessors from micro-computers is a. Words are usually larger in microprocessors b. Words are shorter in microprocessors c. Microprocessor does not contain I/O devices d. Exactly the same as the machine cycle time
Last Answer : c. Microprocessor does not contain I/O devices
Description : A term used to describe interconnected computer configuration is a. Multiprogramming b. Modulation c. Multiprocessing d. Micro program sequence
Last Answer : a. Multiprogramming
Description : Which of the following is used only for data entry and storage, and never for processing? a. Mouse b. Dumb terminal c. Micro computer d. Dedicated data entry system
Last Answer : b. Dumb terminal
Description : The silicon chips used for data processing are called a. RAM chips b. ROM chips c. Micro processors d. PROM chips
Last Answer : d. PROM chips
Description : a computer which CPU speed around 100 million instruction per second and with the word length of around 64 bits is known as a. Super computer b. Mini computer c. Micro computer d. Macro computer
Last Answer : a. Super computer
Description : Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities ... d) benchmarking other multinational firms with similar corporate strategies or similar customers
Last Answer : benchmarking organizations with regards to specific business activities or processes
Description : Cash discount allowed to a debtor should be credited to a) Discount account b)Customer’s account c) Sales account d) Cash account
Last Answer : b)Customer’s account
Description : Management's attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity's control environment when a. External ... d. The audit committee is active in overseeing the entity's financial reporting policies
Last Answer : Management is dominated by one individual who is also a shareholder
Description : Company images and brand equity is factor affecting business A. Externally B. Internally C. Government Policy D. None of these
Last Answer : A. Externally
Description : which chips using special external equipment can reprogram a. ROM b. PROM c. SAM d. RAM
Last Answer : b. PROM
Description : The two major types of computer chips are a. External memory chip b. Primary memory chip c. Microprocessor chip d. Both b and c
Last Answer : d. Both b and c
Description : The ALU of a computer responds to the commands coming from a. Primary memory b. Control section c. External memory d. Cache memory
Last Answer : b. Control section
Description : A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of A. Absorption B. External reconstruction C. Amalgamation. D. commencement
Last Answer : C. Amalgamation.
Description : Both of the old companies will not exist in ........... (A) Internal reconstruction (B) Absorption (C) External reconstruction (D) Amalgamation
Last Answer : (D) Amalgamation
Description : Which of the following are drivers of Internationalization? A. Global customers B. Host Government policies C. Transferable marketing D. All of the above
Last Answer : All of the above
Description : Accumulated profits include: A. Provision for doubtful debts B. Superannuation fund C. Workmen's compensation fund. D. Provision for Tax
Last Answer : C. Workmen's compensation fund.
Description : Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning
Last Answer : B. Pension fund
Description : The direct advantages of accounting do not include A. Preparation of financial statements B. Comparison of results C. Competitive advantage D. Information to interested groups
Last Answer : C. Competitive advantage
Description : Discounted cash flow criteria for investment appraisal does not include A. Not present value B. Benefit cost ratio C. Accounting rate of return D. Internal rate of return
Last Answer : B. Benefit cost ratio
Description : "Focus on social environment" is related to ? A. Unity of command B. Human Relations C. Unity of Direction D. All of the above
Last Answer : B. Human Relations