A plan when expressed in quantitative terms is called– (A) Policy (B) Procedure (C) Objective (D) Budget

A plan when expressed in quantitative terms is called– (A) Policy (B) Procedure (C) Objective (D) Budget  
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In common size Balance Sheet analysis we evaluate– (A) Increase or decrease over two years is analysed (B) Only increase over two years is analysed (C) Only decrease over two years is analysed (D) All assets and liabilities are expressed in terms of percentage of total

Description : In common size Balance Sheet analysis we evaluate– (A) Increase or decrease over two years is analysed (B) Only increase over two years is analysed (C) Only decrease over two years is analysed (D) All assets and liabilities are expressed in terms of percentage of total

Last Answer : Answer: All assets and liabilities are expressed in terms of percentage of total

What is Quantitative credit control?

Description : What is Quantitative credit control?

Last Answer : Quantitative credit controls are used when it wants to control the total supply of money

Which of the following variables cannot be expressed in quantitative terms? (A) Socio-economic Status (B) Marital Status (C) Numerical Aptitude (D) Professional Attitude

Description : Which of the following variables cannot be expressed in quantitative terms? (A) Socio-economic Status (B) Marital Status (C) Numerical Aptitude (D) Professional Attitude

Last Answer : (D) Professional Attitude

How is an asset expressed?

Description : How is an asset expressed?

Last Answer : Assets Liabilities = owner’s equity

Which one of the following is not an objective of the introduction of Primary Dealer System ? (A) To encourage a voluntary holding of govt. securities amongst a wider investor base (B) To make Primary Dealer System an effective conduct of open market operations (C) To strengthen the private equity infrastructure (D) To strengthen the govt. securities infrastructure

Description : Which one of the following is not an objective of the introduction of Primary Dealer System ? (A) To encourage a voluntary holding of govt. securities amongst a wider investor base (B) To ... (C) To strengthen the private equity infrastructure (D) To strengthen the govt. securities infrastructure

Last Answer : Answer: To strengthen the private equity infrastructure

‘Profit objective’ is of least priority in case of– (A) Private enterprise (B) Public enterprise (C) Department undertaking (D) Cooperative society

Description : ‘Profit objective’ is of least priority in case of– (A) Private enterprise (B) Public enterprise (C) Department undertaking (D) Cooperative society

Last Answer : Answer: Cooperative society

An Index is– (A) A filing system (B) A photostat procedure (C) The procedure to collect data (D) An important help in filing

Description : An Index is– (A) A filing system (B) A photostat procedure (C) The procedure to collect data (D) An important help in filing

Last Answer : Answer: An important help in filing

Export procedure begins with– (A) Indent (B) Shipping order (C) Marine insurance (D) None of these

Description : Export procedure begins with– (A) Indent (B) Shipping order (C) Marine insurance (D) None of these

Last Answer : Answer: Indent

In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance

Description : In order to reduce the risk of heavy insurance the insurer passes on some business to the other company, it is called– (A) Reinsurance (B) Double Insurance (C) Joint Insurance Policy (D) Separate Insurance

Last Answer : Answer: Reinsurance

Planning includes– (A) Objectives (B) Policy (C) Strategy (D) All of the above

Description : Planning includes– (A) Objectives (B) Policy (C) Strategy (D) All of the above

Last Answer : Answer: All of the above

The policy “anticipate no profit and provide for all possible losses” arises due to– (A) Convention of consistency (B) Convention of conservatism (C) Convention of Disclosure (D) None of the above

Description : The policy “anticipate no profit and provide for all possible losses” arises due to– (A) Convention of consistency (B) Convention of conservatism (C) Convention of Disclosure (D) None of the above

Last Answer : Answer: Convention of conservatism

To which one of the following aspects does an established pattern of relationships among the components of an organization refer ? (A) Organization strategy (B) Organization structure (C) Organization process (D) Organization policy

Description : To which one of the following aspects does an established pattern of relationships among the components of an organization refer ? (A) Organization strategy (B) Organization structure (C) Organization process (D) Organization policy

Last Answer : Answer: Organization structure

Which of the following is not a characteristic of a marketing objective? A)Consistent with both business -unit and corporate strategy B)Expressed in clear, simple terms C)Written so that it can be measured accurately D)Specifies a time frame for its accomplishment E)Detailed enough for marketing strategy implementation

Description : Which of the following is not a characteristic of a marketing objective? A)Consistent with both business -unit and corporate strategy B)Expressed in clear, simple terms C)Written ... accurately D)Specifies a time frame for its accomplishment E)Detailed enough for marketing strategy implementation

Last Answer : E)Detailed enough for marketing strategy implementation

Marketing managers at General Motors are determining what proportion of the budget would be spent on magazine, television, and radio advertisements based on the cost and effectiveness of each. The schedule created by the marketers at GM is called: A)an advertising -allocation plan. B)a media plan. C)an arbitrary allocation plan. D)an objective -task plan.

Description : Marketing managers at General Motors are determining what proportion of the budget would be spent on magazine, television, and radio advertisements based on the cost and effectiveness of each. The schedule created by ... . B)a media plan. C)an arbitrary allocation plan. D)an objective -task plan.

Last Answer : B)a media plan

Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Description : Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Last Answer : Answer: Functional and organic

An audit plan is a a. Detailed plan of analytical procedures and all substantive tests to be performed in the course of the audit. b. Document that provides an overview of the company and a general plan for the audit work to be accomplished, timing of the work, and other matters of concern to the audit. c. Generic document that auditing firms have developed to lead the process of the audit through a systematic and logical process. d. Budget of the time that should be necessary to complete each phase of the audit procedure

Description : An audit plan is a a. Detailed plan of analytical procedures and all substantive tests to be performed in the course of the audit. b. Document that provides an overview of the company and a ... process. d. Budget of the time that should be necessary to complete each phase of the audit procedure

Last Answer : Document that provides an overview of the company and a general plan for the audit work to be accomplished, timing of the work, and other matters of concern to the audit.

(2) amount of oxygen used for biochemical oxidation Explanation: Biochemical oxygen demand or B.O.D. is the amount of dissolved oxygen needed by aerobic biological organisms in a body of water to break down organic material present in a given water sample at certain temperature over a specific time period. The term also refers to a chemical procedure for determining this amount. This is not a precise quantitative test, although it is widely used as an indication of the organic quality of water.

Description : (2) amount of oxygen used for biochemical oxidation Explanation: Biochemical oxygen demand or B.O.D. is the amount of dissolved oxygen needed by aerobic biological organisms in a body of water to ... quantitative test, although it is widely used as an indication of the organic quality of water.

Last Answer : The addition of gypsum to port-land cement helps in : (1) increasing the strength of cement (2) rapid setting of cement (3) preventing rapid setting of cement (4) reduction in the cost of cement

Success Factors for a review include: i. Each Review does not have a predefined objective ii. Defects found are welcomed and expressed objectively iii. Management supports a good review process. iv. There is an emphasis on learning and process improvement. a) ii,iii,iv are correct and i is incorrect b) iii , i , iv is correct and ii is incorrect c) i , iii , iv , ii is in correct d) ii is correct

Description : Success Factors for a review include: i. Each Review does not have a predefined objective ii. Defects found are welcomed and expressed objectively iii. Management supports a good review process. iv. There is an emphasis on ... and ii is incorrect c) i , iii , iv , ii is in correct d) ii is correct

Last Answer : a) ii,iii,iv are correct and i is incorrect

Which of the following statements is incorrect about materiality? a. The concept of materiality recognizes that some matters are important for fair presentation of financial statements in conformity with GAAP, while other matters are not important. b. An auditor considers materiality for planning purposes in terms of the largest aggregate level of misstatements that could be material to any one of the financial statements. c. Materiality judgments are made in light of surrounding circumstances and necessarily involve both quantitative and qualitative judgments. d. An auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of a reasonable person who will rely on the financial statements

Description : Which of the following statements is incorrect about materiality? a. The concept of materiality recognizes that some matters are important for fair presentation of financial statements in conformity with ... s perception of the needs of a reasonable person who will rely on the financial statements

Last Answer : An auditor considers materiality for planning purposes in terms of the largest aggregate level of misstatements that could be material to any one of the financial statements

Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only (i) is true B.Both (i) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Description : Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only ... ) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Last Answer : B.Both (i) and (ii) are true

In terms of reasoning, which of the following research is dialectic & inductive? a. Outcome research b. Qualitative research c. Quantitative research d. None of the above

Description : In terms of reasoning, which of the following research is dialectic & inductive? a. Outcome research b. Qualitative research c. Quantitative research d. None of the above

Last Answer : b. Qualitative research

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

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

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

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

A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount transferable to capital reserve will be– (A) Rs. 300 (B) Rs. 60 (C) Rs. 90 (D) Rs. 30

Description : A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount ... to capital reserve will be- (A) Rs. 300 (B) Rs. 60 (C) Rs. 90 (D) Rs. 30

Last Answer : Answer: Rs. 30

Which of the following is called Backbone of auditing ? (A) Routine checking (B) Vouching (C) Internal checks (D) Internal control

Description : Which of the following is called Backbone of auditing ? (A) Routine checking (B) Vouching (C) Internal checks (D) Internal control

Last Answer : Answer: Vouching

Which audit is carried out during the accounting period with some interval, it is called– (A) periodic audit (B) partial audit (C) continuous audit (D) interim audit

Description : Which audit is carried out during the accounting period with some interval, it is called– (A) periodic audit (B) partial audit (C) continuous audit (D) interim audit

Last Answer : Answer: continuous audit

Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ? (A) Cost Audit (B) Operations Audit (C) Tax Audit (D) Independent Financial Audit

Description : Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ? (A) Cost Audit (B) Operations Audit (C) Tax Audit (D) Independent Financial Audit

Last Answer : Answer: Cost Audit

When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called– (A) Buyback of shares (B) Issue of shares at premium (C) Issue of shares at discount (D) Right shares issue

Description : When the existing companies raise additional funds by issue of shares to the existing shareholders in proportion to their existing shareholdings, it is called– (A) Buyback of shares (B) Issue of shares at premium (C) Issue of shares at discount (D) Right shares issue

Last Answer : Answer: Right shares issue

Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Description : Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Last Answer : Answer: F. W. Taylor

“A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Description : “A body of persons elected or appointed to meet on an organised basis for the discussion and dealing of matters brought before it.” It is called– (A) Functional organisation (B) Formal organisation (C) Committee organisation (D) Informal organisation

Last Answer : Answer: Committee organisation

The process of evaluating employees is called– (A) Performance appraisal (B) Recruitment (C) Induction (D) Job evaluation

Description : The process of evaluating employees is called– (A) Performance appraisal (B) Recruitment (C) Induction (D) Job evaluation

Last Answer : Answer: Performance appraisal

An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by– (A) All the directors of company (B) All the members entitled to vote there at (C) Majority of members entitled to vote there all (D) None of the above

Description : An annual general meeting may be called after giving shorter notice instead of 21 clear days, if consent is accorded by– (A) All the directors of company (B) All the members entitled to vote there at (C) Majority of members entitled to vote there all (D) None of the above

Last Answer : Answer: All the members entitled to vote there at

What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called ? (A) Social responsibility (B) Social accounting (C) Social audit (D) Social forecasting

Description : What is a systematic evaluation of a company's activities in a given area of social interest such as environmental protection, workplace safety or community involvement, called ? (A) Social responsibility (B) Social accounting (C) Social audit (D) Social forecasting

Last Answer : Answer: Social audit

What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest

Description : What is the theory of social responsibility that focuses on how companies respond to issues, rather than trying to determine their ultimate social responsibility, called ? (A) Corporate social performance (B) Corporate social responsiveness (C) Stewardship principle (D) Enlightened self-interest

Last Answer : Answer: Corporate social performance

Statement containing details of items to be considered in a meeting is called– (A) Agenda (B) Minutes (C) Resolution (D) Notice

Description : Statement containing details of items to be considered in a meeting is called– (A) Agenda (B) Minutes (C) Resolution (D) Notice

Last Answer : Answer: Agenda

X Limited forfeited Ram’s 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Description : X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up ... to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Last Answer : Answer: Rs. 15

The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month

Description : The Meeting of Board of Directors must be called at least once– (A) In four months (B) In three months (C) In two months (D) In one month

Last Answer : Answer: In three months

Which one of the following is called backbone of auditing ? (A) Routine checking (B) Vouching (C) Internal check (D) Internal control

Description : Which one of the following is called backbone of auditing ? (A) Routine checking (B) Vouching (C) Internal check (D) Internal control

Last Answer : Answer: Vouching

The portion of share capital which can be called up only on the winding up of a company is known as– (A) Called up capital (B) Paid up capital (C) Authorised capital (D) Reserve capital

Description : The portion of share capital which can be called up only on the winding up of a company is known as– (A) Called up capital (B) Paid up capital (C) Authorised capital (D) Reserve capital

Last Answer : Answer: Reserve capital

The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above

Description : The organisation in which power of authority runs in straight line is called– (A) Line organization (B) Functional organisation (C) Committee organization (D) None of the above

Last Answer : Answer: Line organization

As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be– (A) Added to paid up capital (B) Deducted from called up capital (C) Added to capital reserve (D) Shown as a revenue reserve

Description : As per Schedule VI of the Companies’ Act, 1956, Forfeited Share Account will be– (A) Added to paid up capital (B) Deducted from called up capital (C) Added to capital reserve (D) Shown as a revenue reserve

Last Answer : Answer: Deducted from called up capital

What is the stock exchange functioning in Kerala called?

Description : What is the stock exchange functioning in Kerala called?

Last Answer : Kochi Stock Exchange

What is the price at which the supply curve for a good and its demand curve intersect called?

Description : What is the price at which the supply curve for a good and its demand curve intersect called?

Last Answer : Equilibrium price

The profit margin which a retailer of goods obtains form his supplier is called:

Description : The profit margin which a retailer of goods obtains form his supplier is called:

Last Answer : Trade discount

What is a person or party to whom an assignment is made called?

Description : What is a person or party to whom an assignment is made called?

Last Answer : Assigne

The selection of goodsoffered for sale by an retailer is called:

Description : The selection of goodsoffered for sale by an retailer is called:

Last Answer : Assortment

The bailment of goods as security for payment of a debt is called:

Description : The bailment of goods as security for payment of a debt is called:

Last Answer : Pledge

A document issued by a vendor giving credit to the debtor is called:

Description : A document issued by a vendor giving credit to the debtor is called:

Last Answer : Credit note

Which is called a barometer of financial health of a country?

Description : Which is called a barometer of financial health of a country?

Last Answer : Stock-Exchange

Who is called an Arbirator?

Description : Who is called an Arbirator?

Last Answer : A person chosen by the parties to a dispute to suggest a way of settling the dispute