Q1: If they don’t like the work, they shouldn’t have the job. The managerial philosophy reflected in this statement is
Answer
Answer: Work-oriented
Q2: Interest assured but not received should be classified as
Answer
Answer: Accrued asset
Q3: Interest earned but not received should be classifies as
Answer
Answer: Accrued asset
Q4: Interest is the reward is the reward paid for parting with liquidity for a specified period of time. Who , of the following gave this definition
Answer
Answer: Irving Fisher
Q5: Money is that money does Who has given this definition of money
Answer
Answer: G.Crowmer
Q6: Opening cycle determines
Answer
Answer: Working capital requirements of a unit
Q7: Production means
Answer
Answer: The making of tangible goods
Q8: Receipt from the sale of season tickets for a series of concerts should be classified as
Answer
Answer: Unearned revenue
Q9: Social Control was imposed on commercial banks with effect from
Answer
Answer: 1st February, 1969
Q10: Subscriptions collected in advance by a publisher should be classified as
Answer
Answer: Unearned revenue
Q11: Sunday ho ya Monday, Roje Khao Unde is an example of
Answer
Answer: Directive advertising
Q12: The result of you campaign depend less on how we write your product is positioned. There are the words of
Answer
Answer: David Ogivy
Q13: ‘ A three-year premium pain on a fire insurance policy’ should be classified as
Answer
Answer: Prepaid expense
Q14: ‘Aperture’ is the ideal moment for exposing
Answer
Answer: Consumers to advertising message
Q15: ‘Calls in Arrer’ is shown in the Balance Sheet on the Liabilities side
Answer
Answer: By deducting the amount from the called up capital
Q16: ‘Cliches’ in advertising means
Answer
Answer: Empathetic idea
Q17: ‘Fiat money’ is that which is
Answer
Answer: Decreed as money by the government
Q18: ‘Fish culture’ should be classified as
Answer
Answer: Genetic industry
Q19: ‘Hidden self’ in Johari awareness model reflect behaviour, feelings and motivation
Answer
Answer: Known to self but not known to others
Q20: ‘Memory unit’ performs the function of
Answer
Answer: Storing of data
Q21: ‘Negative lien’ on company’s fixed assets requires
Answer
Answer: No registration is required
Q22: ‘Net worth’ of a business means
Answer
Answer: Total assets minus total liabilities
Q23: ‘Object clause’ of the Memorandum can be altered by
Answer
Answer: Special resolution and confirmation by Company Law Board
Q24: ‘Proposed dividends’ is shown in the balance sheet of a company under the head
Answer
Answer: Provisions
Q25: ‘Status appeal’ was developed first by
Answer
Answer: J.W. Thompson
Q26: ‘Unbalanced growth’ hypothesis is formulated on the assumption
Answer
Answer: That supply of capital and labour and capital
Q27: ‘Unity of Command’ principle of effective direction means
Answer
Answer: Subordinates should be responsible to one superior
Q28: A “question mark” or “problem child ” type of business is best viewed as
Answer
Answer: A business with a weak competitive position in an industry which is characterized by vigorous competition and subpar margins
Q29: A “star” type business
Answer
Answer: May well require infusions of investment funds to support rapid growth and continued high performance
Q30: A ‘hot money’ or the refugee capital’ is the capital
Answer
Answer: Which is transferred from one centre to another for greater safety
Q31: A ‘letter of credit’ (L/C) is produced by
Answer
Answer: An importer
Q32: A balance sheet shows only
Answer
Answer: Personal accounts and real accounts
Q33: A banking Company whose licence is cancelled may appeal to the
Answer
Answer: Central Government
Q34: A bearer of a share warrant of a company is
Answer
Answer: Not a member of the company
Q35: A bill of entry has usually
Answer
Answer: three copies
Q36: A bill of exchange is drawn for a maximum period of
Answer
Answer: 180 days
Q37: A breakdown analysis of demand includes
Answer
Answer: An analysis of the share of market held by the company
Q38: A budget is not
Answer
Answer: A document that ensures control over performances
Q39: A business portfolio matrix
Answer
Answer: Facilities comparison of different business on the basis of selected strategic variables which are interest
Q40: A cheque dated before the date of its issue is
Answer
Answer: Ante dated cheque
Q41: A Cheque dated subsequent to the date of its issue is
Answer
Answer: Post dated cheque
Q42: A cheque is always payable on
Answer
Answer: Demand
Q43: A co-parcener is a
Answer
Answer: Member of a Joint Hindu family
Q44: A company created by an act of parliament is
Answer
Answer: A statutory company
Q45: A company is called an artificial person because
Answer
Answer: It exists only in contemplation of law
Q46: A company is dissolved by
Answer
Answer: None of these—correct answer.
a) Death
b) Lunacy
c) Bankruptcy
Q47: A company is said to be registered when it gets
Answer
Answer: A Certificate of Incorporation from the Registrar of Companies
Q48: A company may change its name by passing
Answer
Answer: A special resolution
Q49: A company who accepts demand deposit is called
Answer
Answer: Banking company
Q50: A consular invoice is issued by the
Answer
Answer: Consul of the importing country
Q51: A consumer’s equilibrium choice or position is one
Answer
Answer: At which his satisfaction in maximized
Q52: A contract is entered into by the promoters on behalf of a company before its incorporation. The company
Answer
Answer: May ratify that part of the contract which is beneficial and reject the part which is detrimental
Q53: A corporation that is organized for the purpose of providing educational facilities is known as
Answer
Answer: An open corporation
Q54: A costing method in which the fixed factory overheads are added to inventory valuation is
Answer
Answer: Absorption costing
Q55: A creative concept must have
Answer
Answer: All the above
Q56: A dealer in securities who sells and purchase securities in his own name with a view to earning profit due to price fluctuation is called as
Answer
Answer: A jobber
Q57: A decision leading to the use of advertising time and space to assist in the achievement of marketing objectives is known as
Answer
Answer: Advertising execution
Q58: A decline in the current ratio and the liquidity ratio indicates
Answer
Answer: Over trading
Q59: A drawer can also be a
Answer
Answer: Payee
Q60: A factor that is an important capability for a firm to have but is also a typical of every other viable competitor is called as
Answer
Answer: Key vulnerability
Q61: A factor that provides the company with an edge over its competitors is called a
Answer
Answer: Competitive advantage
Q62: A factor that would enter into salary determination is
Answer
Answer: Demand for labour
Q63: A firm has sold machinery worth Rs. 1 crore under Deferred payment Scheme of IDBI. It is shown in balance sheet as
Answer
Answer: None of these—correct answer.
a) Assets
b) Liabilities
c) Foot-Note
Q64: A firm is solvent if
Answer
Answer: A has a good reputation in the market
Its total tangible assets are greater than its outside liabilities
Q65: A firm sold machinery worth Rs. 1 crore under Deffered Payment Scheme of IDBL it is shown in balance sheet as
Answer
Answer: Foot-note
Q66: A firm that tries to get the public to buy more goods is doing
Answer
Answer: Maximising consumption
Q67: A firm will be in equilibrium when
Answer
Answer: Marginal cost = marginal revenue
Q68: A firm’s growth is tied to
Answer
Answer: Profitability and Survival
Q69: A form of advertising in which the manufacturer reimburses the retailer for part or all of the retailer’s advertising expenditure
Answer
Answer: Reimbursing advertising
Q70: A foul bill of loading is issued when
Answer
Answer: Goods are damaged
Q71: A function refers to
Answer
Answer: The relationship between one dependant variable and one or more independent variables
Q72: A general partnership
Answer
Answer: Has a higher credit standing than a proprietorship of the same size
Q73: A general perspective or attitude the marketer has toward the customer is known as
Answer
Answer: Market philosophy
Q74: A good current ratio as compained by a low quick ratio means
Answer
Answer: High investment in fixed assets
Q75: A government company is one in which
Answer
Answer: At least 51% of the capital is held by central and/or state governments
Q76: A Govt. Company is one in which
Answer
Answer: Not less than 51% of its share capital is held by Govt. and / or State Govt
Q77: A Hindu Undivided Family is governed by
Answer
Answer: Hindu Law, 1956
Q78: A hypothesis is tested by
Answer
Answer: Its ability to predict accurately or
Q79: A joint Hindu Family is managed by
Answer
Answer: The karta
Q80: A key limitation when applying the BCG matrix is that
Answer
Answer: Clearly defining a market is often difficult
Q81: A limited company is one which has
Answer
Answer: limited liability clause in memorandum
Q82: A limited partnership must have
Answer
Answer: At least one general partner,
Q83: A low current ratio means
Answer
Answer: Too much strain on the working capital resources
Q84: A manager with a share in the profits
Answer
Answer: Is only a servant of the firm
Q85: A manufacturing firm holds stock of raw material mainly for
Answer
Answer: Maintaining continuous production
Q86: A market
Answer
Answer: Extends over a city
Q87: A marketing control report includes all of the following except
Answer
Answer: New product proposals
Q88: A marketing lam attempts to predict how sales or profits will vary as a result of increasing or decreasing expenditures on various elements of the marketing mix. This is greatly complicated by
Answer
Answer: The fact that markets are always in a state of flux
Q89: A marketing organization should be developed around the needs of
Answer
Answer: Both of these—a)Present customers
b)Prospective customers
Q90: A member of a co-operative society can leave the society by
Answer
Answer: Withdrawing his capital from the society
Q91: A memorable phrase that sums up the concept or key point of the Ad is
Answer
Answer: Tagline
Q92: A mixed marine policy means
Answer
Answer: Combination of voyage and time policies
Q93: A newspaper with a page size 5 to 6 columns wide and 14 inches deep is
Answer
Answer: Tabloide
Q94: A nominal partner is
Answer
Answer: Not entitled to share the profits of the concern
Q95: A partner in a firm
Answer
Answer: Cannot transfer his share to an outsider
Q96: A partnership firm cannot raise funds by
Answer
Answer: Debentures
Q97: A partnership firm should not exceed-partners
Answer
Answer: 20
Q98: A person can be a Director of not more than
Answer
Answer: 20 companies
Q99: A person can be a Managing Director of not more than
Answer
Answer: 1 company
Q100: A person can insure
Answer
Answer: Only that property which he has financial interest
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