Description : A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order ... 5), (3), (2) (d) (4), (5), (3), (1), (2)
Last Answer : (b) (1), (5), (3), (4), (2)
Description : A/An ________ is a formal evaluation of an organization's financial statements, performed either by an outside accounting firm or by an internal department. (a) Revenue operating budget ; (b) Incident log ; (c) Financial audit ; (d) Balance sheet budget
Last Answer : (c) Financial audit ;
Description : 6. Budgeted sales of X for March are 18000 units. At the end of the production process for X, 10% of production units are scrapped as defective. Opening inventories of X for March are ... have successfully passed the quality control check. The production budget for X for March, in units is:
Last Answer : (d) 16,000
Description : Division of labor, authority hierarchy, formal selection, formal rules and regulations, impersonality, and career orientation are all features of: (a) Weber's ideal type bureaucracy. ; (b) General administrative theory. (c) Fayol's principles of management. ; (d) Taylor's principles of management.
Last Answer : (a) Weber's ideal type bureaucracy. ;
Description : _________________________ looks at financial and non-financial factors to evaluate strrategic performance? A. Business Process Re-engineering B. Balanced Scorecard C. Benchmarking D. Blue Ocean Thinking
Last Answer : Balanced Scorecard
Description : The BALANCED SCORECARD is NOT a tool for monitoring…. A. Financial Perspective B. SWOT Analysis C. People & Process Perspective D. All of these options apply.
Last Answer : SWOT Analysis
Description : Volcanic eruption are closely associated with a. Mountain building and fracturing b. Deforestation c. Landslides d. Heat budget
Last Answer : c. Landslides
Description : ___________ is a summary of all functional budgets in a capsule form. (a) Functional Budget (b) Master Budget (c) Long Period Budget (d) Flexible Budget
Last Answer : (b) Master Budget
Description : A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as: (a) Master budget (b) Zero base budget ((c) Functional budget (d) Flexible budget
Last Answer : (d) Flexible budget
Description : Q.61. CA Co manufactures a single product and has drawn up the following flexed budget for the year. 60% 70% 80% Rs Rs Rs Direct materials 120,000 140,000 160,000 Direct labour 90,000 105,000 120,000 Production ... activity? (a) Rs 330,300 (b) Rs 370,300 (c) Rs 373,300 (d) Rs 377,300
Last Answer : (b) Rs 370,300
Description : The actual output of 162,500 units and actual fixed costs of Rs. 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs. 18,000 over budget. What was the budget variable cost per unit?
Last Answer : (a) Rs 1.20
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 Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget? (a) Capital cost of a new collection vehicle (b) Depreciation of the machinery (c) Operatives wages (d) Fuel for the collection
Last Answer : (b) Depreciation of the machinery
Description : CG Co manufactures a single product T. Budgeted production output of product T during June is 200 units. Each unit of product T requires 6 labour hours for completion and CG Co anticipates 20 per cent idle time. Labour is paid at ... for March is (a) Rs 6,720 (b) 8,400 (c) 10,080 (d) 10,500
Last Answer : (d) 10,500
Description : AT Co makes a single product and is preparing its material usage budget for next year. Each unit of product requires 2kg of material, and 5,000 units of product are to be produced next year. Opening inventory of material is budgeted ... (a) 8,000 Kg((b) 9,840 kg ((c) 10,000 Kg (d) 10,160 Kg
Last Answer : ((c) 10,000 Kg
Description : Which of the following would explain an adverse variable production overhead efficiency variance? 1. Employees were of a lower skill level than specified in the standard 2. Unexpected idle time resulted from a series of machine breakdown 3. ... b) (1) and (2) (c) (2) and (3) (d) (1) and (3)
Last Answer : (d) (1) and (3)
Description : National Disaster Management Division of the Govt. of India wherever necessary, sends to disaster affected areas? a. Coordanation its containing satellite phones b. Medicines for affected people c. Provides relief measures d. All the above
Last Answer : d. All the above
Description : In a multi-divisional Firm , Objectives should be established for the overall Company and not for each Division
Last Answer : False
Description : Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information. Miles travelled 636,500 Tonnes carried 2,479 Number of drivers 20 Hours worked by drivers 35,520 Tonnes miles ... 800 (a) Rs .88 (b) Rs 1.50 (c) Rs 15.84 (d) Rs28, 140
Last Answer : (d) Rs28, 140
Description : Which of the following organisations should not be advised to use service costing? (a) Distribution service (b) Hospital(c) Maintenance division of a manufacturing company (d) A light engineering company
Last Answer : (d) A light engineering company
Description : Which one of the following is not the characteristic of Weber‟s ideal bureaucracy? (a) Specialization of labor ; (b) Formalization of rules ; (c) Division of labour (d) Formalization of links authority into a hierarchical structure
Last Answer : (c) Division of labour
Description : What is the term used to define the number of subordinates directly controlled by a manager? (a) Division management ; (b) Departmentation ; (c) Investment span ; (d) Span of management
Last Answer : (d) Span of management
Description : Possibly the most important pre-20th century influence on management was: (a) Therbligs ; (b) The industrial revolution. ; (c) Scientific management. ; (d) The division of labor.
Last Answer : (b) The industrial revolution. ;
Description : The major benefit of having employees participate in goal setting is: (a) That it provides the company with greater financial stability. (b) That it appears to induce employees to accomplish more difficult ... type of system. (d) That it provides more time for management to pursue other activities.
Last Answer : (b) That it appears to induce employees to accomplish more difficult goals and tasks.
Description : Which of the following can be done under conditions of financial emergency? 1. State Legislative Assemblies can be abolished. 2. Central Government can acquire control over the budget and expenditure of States. 3. Salaries of the Judges of ... 1, 2 and 3 (B) 2, 3 and 4 (C) 1 and 2 (D) 2 and 3
Last Answer : (D) 2 and 3
Description : This corporate parent acts as an agent on behalf of financial markets and shareholders, with a view to enhancing the value attained from the various businesses. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options
Last Answer : The Portfolio manager
Description : In the Resource-based view (RBV) model, Financial resources does not include… A. Capital B. Cash C. Brands equity D. Includes all of the above
Last Answer : Brands equity
Description : Stockholders in a Company are the only group with an interest in the financial performance of the Company
Description : In the context of strategic management, stakeholders can be defined as: a) An individual or group with a financial stake in the organization b) An external individual or group that is able to ... individual or group with an interest in the organization's activities and who seeks to influence them
Last Answer : An individual or group with an interest in the organization's activities and who seeks to influence them
Description : Which of the following accurately categorizes the Machines an Organization uses ? A. Tangible, Financial Resources B. Intangible, Financial Resources C. Tangible, Intellectual Capital D. Tangible, Physical Resources
Last Answer : Tangible, Physical Resources
Description : Which of the following defines what business the Firm is in or should be in? A. Business Strategy B. Corporate Strategy C. Functional Strategy D. Financial Strategy
Last Answer : Corporate Strategy
Description : What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.
Last Answer : They mobilize savings and investments.
Description : The International Monetary Fund is important because: A. It has sufficient financial resources to deal with a major global financial crisis. B. It has sufficient financial resources to help individual ... C. Emerging economies can exercise significant influence on it. D. It fixes exchange rates.
Last Answer : It has sufficient financial resources to help individual countries facing balance of payments problems
Description : For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of ... Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times
Last Answer : (a) 8 times
Description : A motivational approach in which an organization‟s financial statements are opened to and shared with all of the employees is called ___________ (a) Open Book Management ; (b) Pay for Performance Program ; (c) Reinforcement Theory (d) Feedback
Last Answer : (a) Open Book Management ;
Description : All of the following decisions fall within the scope of operations management except for…… (a) financial analysis ; (b) design of products and processes (c) location of facilities ; (d) all of the above fall within the scope of operations management
Last Answer : (a) financial analysis ;
Description : Research indicates that financial incentives _____________ commitment to difficult goals. (a) do not impact ; (b) significantly increase ; (c) decrease ; (d) increase
Last Answer : (c) decrease ;
Description : Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, ... Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis
Last Answer : (b) Breakeven analysis ;
Description : What is "strategic control"? a) Control over the production process within an organization, in the sense of determining how the employees of an organization perform their work. b) The ... production process within an organization, in the sense of determining how informal practices are performed.
Last Answer : Control over the means and methods on which the whole conduct of an organization depends.
Description : The five elements in the management process are (a) plan, direct, update, lead, and supervise (b) accounting/finance, marketing, operations, and management (c) organize, plan, control, staff, and manage (d) plan, lead, organize, manage, and control
Last Answer : (d) plan, lead, organize, manage, and control
Description : What are the main prescribes procedures for standard operating? a. Search and rescue b. Medical assistant c. Casualty management d. All of the above
Last Answer : d. All of the above
Description : How does Hofstede view Masculinity in a given society? A. As a representation of achievement, assertiveness and material reward for success. B. As a preference for cooperation, modesty, and quality ... of individualism and personal free will. D. As a preference for virtue and moral standard.
Last Answer : As a representation of achievement, assertiveness and material reward for success
Description : During September, 300 labour hours were worked for a total cost of Rs 4800. The variable overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50
Last Answer : (a) Rs 14
Description : During a period 17, 500 labour hours were worked at a standard cost of Rs 6.50 per hour. The labour efficiency variance was Rs 7,800 favourable. How many standard hours were produced? (a) 1,200 (b) 16,300 (c) 17,500 (d) 18,700
Last Answer : (d) 18,700
Description : The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is ... ; (b) Sociological factors ; (c) Indirect economic factors ; (d) Direct economic factors
Last Answer : ; (c) Indirect economic factors ;
Description : Which of the following statements is a standard applicable to financial statement audits in accordance with Government Auditing Standards? a. An auditor should briefly describe in the auditor's ... whether the entity has reportable measures of economy and efficiency that are valid and reliable.
Last Answer : An auditor should report on the scope of the auditor's testing of internal control.
Description : Is it possible to find a budget accommodation in San Diego during this financial crisis?
Last Answer : You will pleasantly surprised. Because of the downturn in visitors, accomodation prices have actually gone down. Here’s where I always stay: http://www.beachcottages.com/