Description : The main objective of teaching at Higher Education Level is: Options: A) To prepare students to pass examination B) To develop the capacity to take decisions C) To give new information D) To motivate students to ask questions during lecture
Last Answer : B) To develop the capacity to take decisions
Description : The main objective of teaching at Higher Education Level is : (A) To prepare students to pass examination (B) To develop the capacity to take decisions (C) To give new information (D) To motivate students to ask questions during lecture
Last Answer : (B) To develop the capacity to take decisions
Description : The four main categories of factors that influence organisational buying decisions are organisational, interpersonal, environmental, and: A)technological B)economic C)power relationships D)individual
Last Answer : D)individual
Description : An objective, logical, systematic approach for making major decisions in an Organization is a way to describe the Strategic Management process
Last Answer : True
Description : 34. Maximization of objective function in an L P model means a. Value occurs at allowable set of decisions b. Highest value is chosen among allowable decisions c. Neither of above d. Both a & b
Last Answer : a. Value occurs at allowable set of decision
Description : Most specifically, marketing strategy: A)is concerned with key decisions required to reach an objective VU Cafeteria B)encompasses selecting and analysing a target market and creating ... to serve larger geographic areas D)involves determining the direction and objectives of marketing management
Last Answer : B)encompasses selecting and analysing a target market and creating and maintaining an appropriate marketing mix
Description : Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions? (a) management by objective ; (b) management by exception ; (c) Participatory management (d) inclusionary management
Last Answer : (b) management by exception ;
Description : A firm is dependent on which of these to help it make decisions about production?
Last Answer : consumer taste
Description : In the short run an oligopolistic firm will (a) Make profits ; (b) Incur losses ; (c) Just break even ; (d) Any of these three are possible
Last Answer : (d) Any of these three are possible
Description : At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point
Last Answer : (4) the firm is at zero-profit point Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even." For businesses, reaching the break-even point is the first major step towards profitability.
Description : In short run, if a competitive firm incurs losses, it will - (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.
Last Answer : (1) stop production. Explanation: In the short run, a firm that is operating at a loss (where the revenue is less that the total cost or the price is less than the unit cost) must ... will shutdown if the sale of the goods or services produced cannot even cover the variable costs of production.
Description : In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes (a) Profits and new firms join the market ; (b) Profit and bar entry to new firms; (c) Makes losses and exit the market ; (d) Quick profit and disappears
Last Answer : (a) Profits and new firms join the market ;
Description : If a firm shut down at a level when AVC > Price, the firm restricts its losses to (a) Total fixed cost ; (b) Average fixed cost ; (c) Variable cost ; (d) Average variable cost
Last Answer : (a) Total fixed cost ;
Description : In short run, if a competitive firm incurs losses, it will (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.
Last Answer : stop production.
Description : At “Break-even point”, (1) the industry is in equilibrium in the long-run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point
Last Answer : the firm is at zero-profit point
Description : In single core cables armouring is not done to (a) avoid excessive sheath losses (b) make it flexible (c) either of the above (d) none of the above
Last Answer : (a) avoid excessive sheath losses
Description : Select the incorrect statement. Harrison and Pelletier argued that managers should learn to avoid ... (a) Treating decisions with uncertain outcomes as though they had predictable results (b) ... and non-routine decisions. (d) Treating ad-hoc decisions as though they were everyday occurrences
Last Answer : (c) Mixing routine and non-routine decisions.
Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.
Description : The purpose of strategic planning is to find ways in which of the company can best : 1. overcome losses 2. use its strengths to take advantage of attractive opportunities in the environment ... the expense of costly research and development while still getting the benefits 5. none of these
Last Answer : use its strengths to take advantage of attractive opportunities in the environment
Description : The divergent portion of a Venturimeter is made longer than convergent portion in order to (A) Avoid the tendency of breaking away the stream of liquid (B) To minimise frictional losses (C) Both (A) and (B) (D) None of these
Last Answer : Answer: Option C
Description : Enterpreneurial ability is a special kind of labour that (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation
Last Answer : organizes the process of production
Description : The objective of quality control mandates that a public accounting firm should establish policies and procedures for professional development which provide reasonable assurance that all entry-level ... accounting. d. Have the knowledge required to enable them to fulfill responsibilities assigned
Last Answer : Have the knowledge required to enable them to fulfill responsibilities assigned
Description : The firm is to be staffed by personnel who have attained and maintained the technical standards and professional competence required to enable them to fulfill their responsibilities with due care ... control policy? a. Ethical requirements b. Leadership responsibilities c. Assignment d. Monitoring
Last Answer : b
Description : When the right combination of circumstances occurs at the right time to allow an organisation to take action toward a target market, the firm has identified a A)market objective. B)market requirement. C)strategic market plan. D)market opportunity. E)corporate objective.
Last Answer : D)market opportunity.
Description : Roger McKinney complains to his advertising director that the continuing slump in orders has apparently been perpetuated by the firm's failure to have the necessary advertising expenditures in key media. Based on ... . A)percent -of-sales B)objective -and -task C)competition -matching D)arbitrary
Last Answer : A)percent -of-sales
Description : The auditor of financial statements must make very difficult interpretations regarding authoritative literature. Additionally, the auditor must a. Proceed beyond PFRS to assess how the economic activity is ... of the evidence d. Establish new criteria by which financial statements may be compared.
Last Answer : Proceed beyond PFRS to assess how the economic activity is portrayed in the financial statements
Description : A man goes into a cabin deep in the country. All walls within this cabin face south and are made of wood. A bear walks by the window. What color is he? -Riddles
Last Answer : Since all walls within this cabin face south, the only location on the face of the earth this is possible is the North Pole. So thus the bear is a polar bear and the color would have to be white!
Description : Which of the following is not an objective of rain water harvesting? a. Avoid flooding roads b. Polluting water. c. Reducing soil erosion. d. Reducing run off which chokes drains.
Last Answer : b. Polluting water.
Description : Who makes economic decisions for Russia?
Last Answer : Putin does. He is the current dictator of Russia. It is still acommunist country.
Description : People barter and trade goods. Economic decisions are based on customs. Economies are usually rural and farm-based. Which economic system is described by the list A. mixed B. market C. traditional D. command?
Last Answer : c
Description : Which of the following is NOT an advantage of Strategic Management ? A. It provides organizations with a clearer sense of direction and purpose B. It helps improve the political, ... orientate Mgt. decisions to relevant environmental conditions D. It helps organizations be proactive than reactive
Last Answer : It helps improve the political, economic, social and technological environment of the Orgn
Description : The factors such as the buyer's age, life-cycle stage, occupation, economic situation, lifestyle, personality and self-concept that influences buyer's decisions refers to ... Personal characteristics B. Psychological characteristics C. Behavioral characteristics D. Demographical characteristics
Last Answer : D. Demographical characteristics
Description : Which of the following statement(s) is/are true concerning protein/amino acid metabolism in man? a. The major source of amino acids is breakdown of circulating proteins b. The recommended daily ... balance refers to a decrease in nitrogen taken into the body versus the amount of nitrogen lost
Last Answer : Answer: b, d About 15% of the total body weight is made up of proteins, about half of which are intracellular and half extracellular. In man and other animals, dietary protein is the source of ... is exceeded by the amount of nitrogen lost in the urine, stool, skin, wounds, and fistula drainage
Description : The chairman requested the aggrieved shareholders to _____ him. (A) bare with (B) bore with (C) bear with (D) bare
Last Answer : Correct option is (C). ‘bear with’ means to be patient with some one
Description : 13. Operations Research cannot give perfect _____ to problems a. Answers b. Solutions c. Both a & b d. Decisions
Last Answer : c. Both a & b
Description : _____ is an individual's capacity to influence decisions a) Span of control ; (b) Line authority ; (c) Staff authority ; (d) Power
Last Answer : Line authority
Description : When “yes” people are hired and promoted, _____ outcomes are likely to result. (a) improved organizational ; (b) functional ; (c) dysfunctional ; (d) better decisions
Last Answer : (c) dysfunctional ;
Description : The policy of anticipate no profit and provide for all possible losses arise due to the concept of _____ a) Consistency b) Disclosure c) Conservatism d) Matching
Last Answer : c) Conservatism
Description : The basic objective of economic planning in India is to bring about economic development.
Last Answer : State with reasons whether you agree or disagree with the following statement: The basic objective ... India is to bring about economic development.
Description : What was the objective of the economic policies prusued by the colonial government in India?
Last Answer : What is the answer ?
Description : The major objective of monetary policy is to - (1) increase government's tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : (3) Promote economic growth with price stability Explanation: The main objective of monetary policy is to control the supply of money, often targeting an inflation rate or interest rate ... usually to contribute to lower unemployment, and to maintain predictable exchange rates with other currencies.
Description : Which one of the following is an objective of planning in India? a. Economic growth b. Full employment c. Self reliance d. All the above
Last Answer : d. All the above
Description : Which among these is not an objective of planning? A. Economic growth B. Setting of heavy industries C. Modernisation D. None of these
Last Answer : B. Setting of heavy industries
Description : Which of the following is not included under World Bank objective? A. Reconstruction and Economic Development B. Encouragement to Capital Investment C. Balance Development D. Delayed Implementation
Last Answer : D. Delayed Implementation
Description : Environmental impact assessment is an objective analysis of the probable changes in: (A) physical characteristics of the environment (B) biophysical characteristics of the environment (C) socio-economic characteristics of the environment (D) all the above
Last Answer : (D) all the above
Description : The major objective of monetary policy is to (1) increase government’s tax revenue (2) revamp the Public Distribution System (3) Promote economic growth with price stability (4) weed out corruption in the economy
Last Answer : Promote economic growth with price stability
Description : What risk do small firm face when partnering with successful companies?
Last Answer : They have to worry about not being heard. Often they will beswallowed up and forgotten about while the big partners take overeverything.
Description : Which of the following statements is correct? (1) Most workers will work for less than their reservation wage. (2) The reservation wage is the maximum amount any firm will pay for a worker. (3) ... reservation wage. (4) Economic rent is the amount one must pay to enter a desirable labour market.
Last Answer : (3) Economic rent is the difference between the market wage and the reservation wage. Explanation: The difference between the actual market wage and the reservation wage is called economic rent. Therefore ... per-son becomes unemployed (The Goals of Macroeconomic Policy by Martin Prachowny. p. 58).
Description : The fixed cost on such factors of production which are neither hired nor bought by the firm is called - (1) social cost (2) opportunity cost (3) economic cost (4) surcharged cost
Last Answer : (1) social cost Explanation: Social cost is defined as a sum of the private cost and external costs. The social cost is generally not borne by an individual. It may be borne by entire society, city or ... seller sells any product or item to buyer. This cost is added up from the use of that product.