Professional Documents
Culture Documents
General
1.Atangibleitemistermedas:
a. aservice b. agood
c. anidea d. aconcept
2.Thepracticeofintroducinganewproductatahighpriceforabriefperiodinthe
hopeofcoveringproductionscostsrefersto__________________
a. marketpenetrationpricing b. pricelining
c. marketskimmingpricing d. quantitydiscounts
3.AbrandisBESTdefinedasa____________________
a. registereddesignorsymbolthatisdisplayedontheproduct.
b. relatedgroupofwordsthatdescribetheproduct.
c. name,symbol,design,orcombinationofthesethatidentifiesaseler's
products.
d. copyrightedword(s)thatgivethemanufacturerexclusiveownership
4.Whichofthefolowingisthefinalphaseintheproductdevelopmentprocess?
a. buildingaprototype b. testmarketing
c. businessanalysis d. commercialization
5.Theexchangerateis___________________
a. thegrowthratedifferentialbetweentwocountries
b. thevalueofonecurrencyintermsofanother
c. therateatwhichgoodsaresoldinacountry
d. theinterestratedifferentialbetweentwocountries.
6.Thedifferencebetweenexportsandimportsofacountryiscaled________________
a. balanceofpayment b. balanceoftrade
c. foreignexchange d. noneofthese
7.Macroeconomicsdealswiththe________________
a. behavioroffirms b. behavioroftheelectronics
industry
c. activitiesofindividualunits d. economicaggregates
8.Thestudyofinflationispartof___________________
a. microeconomics b. descriptiveeconomics
b. macroeconomics d. normativeeconomics
9.Aggregatesupplyisthetotalamount_____________________
a. ofgoodsandservicesproducedinaneconomy
b. ofgoodsproducedbythegovernment
c. ofproductsproducedbyagivenindustry
d. oflaborsuppliedbyalhouseholds
10.Liabilityofasoleproprietoris_______________
a. limited b. unlimited
c. bothofabove d. noneofabove
11.Arecessionisaperiod_________________
a. ofdecliningprices b. ofveryrapidlydecliningprices
c. ofdecliningunemployment d. when aggregate output
declines
12.Ifmarginalbenefitisgreaterthanmarginalcost,arationalchoiceinvolves:
a. moreorless,dependingonthebenefitsofotheractivities
b. nomoreofactivity
c. lessoftheactivity
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d. moreoftheactivity.
13.Opportunitycostis
a. thecostincurredinthepastbeforedecidingaboutwhattodointhefuture
b. acostthatcannotbeavoided,regardlessofwhatisdoneinthefuture
c. whatweforgo,orgiveup,whenwemakeachoiceoradecision
d. theadditionalbenefitofbuyinganadditionalunitofaproduct
14. isamethodofprimarydatacolection
a. questionnaire b. interview
c. bothoftheabove d. noneoftheabove
15.Inaneffectivemarketingsystem,aconsumerisnotdisilusionedby
__________________
a. multiplegrades b. adulteration
c. multipleprices d. alofthese
16.Thepolicywhichisusedtoregulategovt.revenueandexpendituresiscaled
____________
a. monetarypolicy b. openmarketoperations
c. fiscalpolicy d. moneysupply
17.Lawpassedbylegislativebodyorparliamentofcountryarecaled_________
a. Act b. Rule
c. Ordinance d. noneofthem
18.Marketvalueofalgoodsandservicesproducedwithinacountryinagivenperiod
a. GNP b. NNP
c. GDP d. NGP
19. segmentationisbasedonageandgenderetc.ofconsumers
a. geographic b. behavioral
c. demographic d. psychographic
20.Thefinancialconditionofacompanyatcertaindateandprovidedetailsoftheitems
thatcompanyowns(assets)andtheamountthecompanyowes(liabilities).
a. cashflowstatement b. owner’sequitystatement
c. incomestatement d. balancesheet
21.Theprocessofcreatingthedesiredimageinthecustomer’smindisknownas
a. positioning b. segmentation
c. targeting d. management
22.Responsivenessofconsumerstochangeinpricesistermedas____________________
a. elasticityofdemand b. elasticityofsupply
c. bothoftheabove d. noneoftheabove
23. isartificial'legalbeing'endowedbylawwiththepowers,rights,
liabilities,anddutiesofanaturalperson.
a. soleproprietorship b. cooperative
c. partnership d. corporation
24. isthedevelopmentofalternativeplansforpossible business conditions
a. strategicplanning b. contingencyplanning
c. tacticalplanning d. noneofthese
25.Managementfunctionsincludeexcept________________________
a. planning b. directing
c. organizing d. alofthese
26.Marketingmixincludesthefolowingexcept____________________________
a. price b. promotion
c. place d. Purchase
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27.Newproductadoptionprocessincludesthefolowingexcept_____________________
a. awareness b. interest
c. evaluation d. competition
28.Consumerdecisionmakingprocessbeginswith__________
a. informationsearchandevaluation b. problemrecognition
c. purchasingprocess d. alofthese
29.Developmentstage,introductorystageanddecliningstagearethestagesof
______________
a. newproductadoption c. newtechnologyadoption
c. productlifecycle d. alofthethese
30.Apersonwhomakesmoneybystartingorrunningbusinessespecialywhenit
involvestakingfinancialrisksistechnicalycaled______________________
a. entrepreneur b. industrialist
c. farmer d. bureaucrat
31. playsacentralroleinmanagementfunctions
a. directing b. downsizing
c. planning c. communication
32.Differencebetweenassetsandliabilitiesisknownas_____________________
a. incomestatement b. owner’sequity
c. balancesheet d. cashflowstatement
33.TheamountbywhichexpenditureoffederalGovt.exceedsitsrevenueinayearis
caled___
a. budgetdeficit b. budgetsurplus
c. bothoftheabove d. noneoftheabove
34.Goodsthathavebeenproducedbutremainunsold_______________
a. inventory b. damaged
c. deficit d. noneofthese
35.Increaseinmoneysupplycauses__________________
a. inflation b. deflation
c. boom d. noneofthem
36. arevariousformsofmoney.
a. curencynotes b. coins
c. creditcards d. alofthese
37.A company uses a segmentation strategy forits sandwiches based on
characteristicssuchasage,genderandincome.Itisusingwhichgroupof
segmentationvariables?
a. demographic b. psychographic
c. geographic d. education
38.Theprocessofdividingatotalmarketintomarketgroupssothatpersonswithin
eachgrouphaverelativelysimilarproductneedsiscaled_______________________
a. segmenting b. differentiating
c. targetmarketing d. concentrating
39.When marginal cost is equal to marginal revenue, the firm should
___________________
a. spendmoreonadvertising
b. producelesstodecreasetotalcosts
c. providediscountstoencouragepurchases
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d. stopproducingadditionalunitstomaximizeprofits
40.Priceisakeyelementinthemarketingmixbecauseitrelatesdirectlyto
a. thesizeofthesalesforce b. qualitycontrols
c. thegenerationoftotalrevenue d. brandimage
41.The oldest form of exchange ‘trading of products’ is known as
________________________
a. credit b. purchasing
c. barter d. pricing
a. marketingconcept b. selingconcept
c. productconcept d. productionconcept
43.Currently,thedominantsectorofPakistan’seconomyintermsofcontributionto GDPis___
a. agriculture b. services
c. manufacturing d. industrial
44.WTOstandsfor___________________
a. WorldTechnologyOrganization b. WorldTimeOrganization
c. WorldTradeOrganization d. WorldTourismOrganization
45.Traininginstructionforasmalgroup,whichemployssuchtechniquesasrole-
playingorsimulationetc.andencountersgiveandtakesessionsandproblem-
solvingtechniquesiscaled___________________________
a. Careercounseling
b. Workshop
c. DevelopmentPlan
d. Onthejobtraining
46.Barrierstocareeradvancementinclude_______________________
a. Lackoftime
b. Rigidjobspecifications
c. Short-termfocus
d. Alofthegivenoptions
47.Thebasicskilspossessedbytheindividualthatarerequiredtogivecertain
performancearetermedas_____________________________
a. Ability
b. Motivation
c. Experience
d. Performance
48.Usingthe__________approach,managersevaluateorganizationaleffectiveness.
a. Externalresource
b. Internalsystems
c. Technical
d. Systems
49.Acareerstageinwhichonebeginstosearchforworkandfindsafirstjobis:
a. Explorationperiod
b. Establishmentperiod
c. Middlestage
d. Noneofthegivenoptions
50.Withoutproperfeedbackaboutanemployee’seffortanditseffectonperformance,
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weruntheriskofdecreasinghis/her .
a. Salary
b. Experience
c. Motivation
d. Performanceappraisal
51.The_____problem occurswhensupervisorstendtoratealtheirsubordinates
consistentlyhigh.
a.Centraltendency
b.Leniency
c.Strictness
d.Haloeffect
52.CurrentlyOrganizationsareprovidingbenefitstotheiremployees;
a.Toatractnewbloodintheorganization
b.Tocreatestrongercustomerrelationship
c.Toenhancethemarketshare
d.Aloftheabove
53.FolowingarealexamplesofdirectcompensationEXCEPT;
a.Pension
b.Salary
c.Bonus
d.Income
54.Tobeeffective,leadersmustprovidea_________________thatisageneralstatement
oftheorganization’sintendeddirectionthatevokespositiveemotionalfeelingsin
organizationmembers.
a. Vision
b. Mission
c. Goal
d. Declaration
55.Goalsetingis______________________________________
a.Topdownprocess
b.Botomupprocess
c.Aprocessoftopdownsupportandbotomupdevelopment
d.Afunctionofseniormanagement
56.Whenthefirmchangesthewayitoperates,theprocessisknownas
a.Downsizing
b.Braindrain
c.Restructuring
d.Outsourcing
57.Whichoneisnotincludedinthehiringprocess?
a.Recruitment
b.Socialization
c.Selection
d.Jobspecification
58.Extentsofindividualfreedom anddiscretionemployeeshaveinperformingtheir
jobsisKnownas
a.Capitation
b.Flextime
c.Empowerment
d.Autonomy
59.Whatismeantbytheterm'managementbyobjectives?
a.Asystemofgivingtheauthoritytocaryoutcertainjobsbythoselowerdownthe
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managementhierarchy
b.Thesystemofmanagementthatisbasedonbringingtogetherexpertsintoa team
c.Thesetingofobjectivestobringabouttheachievementofthecorporategoals
d.Thecontroloftheorganizationbythoseinthe'headoffice'
60.Anadvantageofrecruitmentfromoutsidethecompanyis
a.thatitischeaperthaninternalrecruitment
b.thatthereisnoneedtoadvertisethevacancy
c.thatitbringsinnewexperienceandskilstothefirm
d.thatitavoidsjealousywithinthefirm
61.WhendesigninghishierarchyofneedstriangleMaslowdidNOTincludeoneofthese. Wasit?
a.Goodwagesandsalariesandworkingconditions
b.Theneedtofeelsecureatworkwithadequatefinancialrewardssuchas
pensionstoassistonelaterinlife
c.Theneedtobuildacareerpath
d.Opportunitiesforteamworkingandsocialeventsthatalowasenseof
belongingtoemerge
62.Thefirstformalstageofthedisciplinaryprocedureis
a. WritenVerbalWarning
b. WritenWarning
c. EmployeeSeparation
d. Show-CauseNotice
63.ToBecomeaLeaderdoalexcept
a. BuildYourPowerBase
b. DevelopYourJudgment
c. UseYourManagementSkils
d. Donottrustanyone
64.AlternativeworkarangementsincludealofthefolowingEXCEPT;
a.Part-timework
b.Flexiblehours
c.On-sitechildcare
d.Jobsharing
65.Mr.Ahmedisacashierandhefeelsdissatisfiedatwork.Whatbestjustifiesthis situation?
a.Hisjobmaynotbestructuredtosuithispreferences
b.Itinvolvesphysicaltoughness
c.Itrequiresmentaltoughness
d.Itinvolvestoomuchcustomerinteraction
66.Organizationalefficiencyisexpressedas:
a.Planningforlong-rungoals
b.Makingthebestuseofscarceresources
c.Goalatainment
d.Meetingdeadlines
67.WhichoneisnotbasiccomponentofOB(OrganizationalBehavior)Model?
a.Organization
b.Group
c.Team
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d.Individual
68.Essentialcomponentofanorganizationis:
a.Team
b.Structure
c.Individual
d.Noneofthegivenoptions
69.Appraisalofaworker’sperformancecanbedescribedas:
a.PlanningActivity
b.OrganizingActivity
c.ControlingActivity
d.LeadingActivity
70.Processofworkingwithdifferentresourcestoaccomplishorganizationalgoalsis knownas
a.Strategicmanagement
b.HumanResourcemanagement
c.Management
d.Teamwork
71.Theconceptofhowapersonbehavesinagroupcanbeatributedto:
a.Thermodynamics
b.GroupDynamics
c.MBO(Managementbyobjectives)
d.GroupBehavior
72.Ingeneral,accordingtoSalesTaxAct1990,taxperiodisaperiodof
a.onemonth
b.sixmonths
c.ninemonths
d.oneyear
73.Theduedatetofurnishareturnattheendofthetaxperiodisthe_____dayofthe
folowingmonth.
th
a.7
th
b.10
th
c.15
d.18th
74.GeneralSalesTax(GST)ischargedon
a.SelingPrice
b.RetailPrice
c.ManufacturingCost
d.Noneofthese
75.SelingPriceisequalto
a.RetailPrice+GST
b.RetailPrice−GST
c.ManufacturingCost+GST
d.ManufacturingCost−GST
76.AccordingtoIncomeTaxOrdinance2001,theNormaltaxyearisaperiodoftwelve
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monthsfrom_____to .
a.1January,31December
b.1April,30March
c.1July,30June
d.1September,31August
77.Theincomeofaresidentpersoniscomputedbytakingintoaccountamountsthat
are:I.Pakistan-sourceincomeandI.Foreign-sourceincome
a. Ionly
b. Ionly
c. I+I
d. I−I
78.Theincomeofanon-residentpersoniscomputedbytakingintoaccountamounts thatare:
I.Pakistan-sourceincomeandI.Foreign-sourceincome
a.Ionly
b.Ionly
c.I+I
d.I−I
79.Retailermeansa person supplying goodsto __________forthepurposeof
consumption.
a.departmentalstores
b.generalpublic
c.wholesaler
d.shops
80.WhichfromthefolowingtaxesisnotincludedintheRetailPrice?
a.Salestax
b.Exciseduty
c.Utilities
d.Capitalvaluetax
81.Valueofsupplyisequalto
a.TaxableSupply
b.Taxablesupply+AlTaxes
c.TaxableSupply+Altaxes+DutyPaid
d.TaxableSupply+Altaxes−DutyPaid
82.Forthepurposesoftheimpositionoftaxandthecomputationoftotalincome,al
incomeshalbeclassifiedunderthefolowingheadsexcept
a.donation
b.salary
c.incomefromproperty
d.incomefrombusiness
83. meansanyamountreceivedorreceivablebytheowneroflandorabuilding
asconsiderationfortheuseoroccupationof,ortherighttouseoroccupy,theland
orbuilding,andincludesanyforfeiteddepositpaidunderacontractforthesaleof
landorabuilding.
a.Income
b.rent
c.deposit
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d.advance
84.Anyincomefromthehireorleaseoftangiblemovablepropertywilbeaddedtothe head
a.incomefromproperty
b.incomefrommoveableproperty
c.capitalgains
d.incomefrombusiness
85.Apersonaccountingforincomechargeabletotaxunderthehead"Incomefrom
Business"onanaccrualbasisshalderiveincomewhenitisduetothepersonand
shalincurexpenditurewhenitispayablebythepersoniscaled________
a.Accrualtaxaccounting
b.Accrualaccounting
c.Accruedaccounting
d.Accrualbasisaccounting
a.Laborcost
b.costoflabor
c.directlaborcost
d.indirectlaborcost
87.Forthepurposeofrecoveringanytaxduebyataxpayer,the__________mayserve
uponthetaxpayeranoticeintheprescribedform requiringhim topaythesaid
amountwithinsuchtimeasmaybespecifiedinthenotice.
a.Inspectorinlandrevenue
b.Inlandrevenueofficer
c.Commissioner
d.AssistantCommissioner
88.PakistanFiscalyearstartsfrom:
a.1stSeptember
b.1stJanuary
c.1stApril
d.1stJuly
89.WhichisprovincialtaxinPakistan?
a.Excisetax
b.SalesTax
c.ImportDuty
d.Motorstokentax
90.Corporatetaxisleviedon:
a.Landlords
b.Municipalcorporation
c.Jointstockcompanies
d.Importers
91.Ifwedeductdirecttaxfrompersonalincome,weget:
a.Netnationalincome
b.Personalsaving
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c.Disposableincome
d.Percapitaincome
92.Thelargestpartofnationalincomeis
a.Consumption
b.Investment
c.Transferpayments
d.Saving
93.Themostimportantsourceofagovernmentis:
a.Foreignloans
b.Taxes
c.Printingofnewmoney
d.Saleofgovernmentproperty
94.InPakistan,taxesareleviedby:
a.PrimeministerofPakistan
b.PresidentofPakistan
c.FederalCabinetofministers
d.NationalAssembly
95.Governmentfinanceiscaled
a.NationalFinance
b.Publicfinance
c.Privatefinance
d.Bothaandb
96.Adirecttaxisthatwhich:
a.Isheavyburdenonthetaxpayer
b.Canbedirectlydepositedinthebanks
c.Cannotbeevaded
d.Ispaidbythepersononwhomitislevied
97.InPakistangovernmentbudgetispreparedby:
a.NationalAssembly
b.PresidentofPakistan
c.MinistryofFinance
d.StateBankofPakistan
98.Taxesoncommoditiesare:
a.Directtaxes
b.Indirecttaxes
c.Progressivetaxes
d.Proportionaltax
99.Govt.preparesitsbudget:
a)Weekly
b)Monthly
c)Annualy
d)Quarterly
100. DUPONTAnalysisdealswith:
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(a)AnalysisofCurrentAssets
(b)AnalysisofProfit
(c)CapitalBudgeting
(d)AnalysisofFixedAssets.
101. XYZLtd.hasaDebtEquityRatioof1.5ascomparedto1.3Industryaverage.It
meansthatthefirmhas:
(a)HigherLiquidity
(b)HigherFinancialRisk
(c)HigherProfitability
(d)HigherCapitalEmployed.
102. RatioAnalysiscanbeusedtostudyliquidity,turnover,profitability,etc.ofafirm.
WhatdoesDebt-EquityRatiohelptostudy?
(a)Solvency
(b)Liquidity
(c)Profitability
(d)Turnover
103. InInventoryTurnovercalculation,whatistakeninthenumerator?
(a)Sales
(b)CostofGoodsSold
(c)OpeningStock
(d)ClosingStock.
105. XYZLtd.hasearned8%ReturnonTotalAssestsofRs.50,00,000andhasaNet
ProfitRatioof5%.FindouttheSalesofthefirm.
(a)Rs.4,00,000,
(b)Rs.2,50,000
(c)Rs.80,00,000
(d)Rs.83,33,333.
106. SuppliersandCreditorsofafirmareinterestedin
(a)ProfitabilityPosition
(b)LiquidityPosition
(c)MarketSharePosition
(d)DebtPosition
107. FinancialPlanningdealswith:
(a)PreparationofFinancialStatements
(b)PlanningforaCapitalIssue
(c)PreparingBudgets
(d)Aloftheabove.
108. Financialplanningstartswiththepreparationof:
(a)MasterBudget
(b)CashBudget
(c)BalanceSheet
(d)Noneoftheabove.
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109. WhichofthefolowingisnotshowninCashBudget?
(a)ProposedIssueofCapital
(b)LoanRepayment
(c)Interestonloan
(d)Depreciation.
110. WhichofthefolowingmaynotbeapartofprojectedFinancialStatements?
(a)ProjectedIncomeStatement
(b)ProjectedTrialBalance
(c)ProjectedCashFlowStatement
(d)ProjectedBalanceSheet.
111. ProcessofFinancialPlanningendswith:
(a)PreparationofProjectedStatements
(b)PreparationofActualStatements
(c)ComparisonofActualwithProjected
(d)Orderingtheemployeesthatprojectedfigurescometrue.
112. WhichofthefolowingisnottrueforcashBudge?
(a)Thatshortageorexcessofcashwouldappearinaparticularperiod
(b)Alinflowswouldarisebeforeoutflowsforthoseperiods
(c)Onlyrevenuenaturecashflowsareshown
(d)Proposedissueofsharecapitalinshownasaninflow
113. CapitalBudgetingisapartof:
(a)InvestmentDecision
(b)WorkingCapitalManagement
(c)MarketingManagement
(d)CapitalStructure.
114. CapitalBudgetingdealswith:
(a)Long-termDecisions
(b)Short-termDecisions
(c)Both(a)and(b)
(d)Neither(a)nor(b).
115. WhichofthefolowingisnotusedinCapitalBudgeting?
(a)TimeValueofMoney
(b)SensitivityAnalysis
(c)NetAssetsMethod
(d)CashFlows.
116. CapitalBudgetingDecisionsare:
(a)Reversible
(b)Ireversible
(c)Unimportant
(d)Aloftheabove.
117. Savingsinrespectofacostistreatedincapitalbudgetingas:
(a)AnInflow
(b)AnOutflow
(c)Nil
(d)Noneoftheabove.
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118. RiskinCapitalbudgetingissameas:
(a)UncertaintyofCashflows
(b)ProbabilityofCashflows
(c)CertaintyofCashflows
(d)VariabilityofCashflows
119. Whichofthefolowingisariskfactorincapitalbudget¬ing?
(a)Industryspecificriskfactors
(b)Competitionriskfactors
(c)Projectspecificriskfactors
(d)Aloftheabove
120. CashBudgetdoesnotinclude
(a)DividendPayable
(b)PostalExpenditure
(c)IssueofCapital
(d)TotalSalesFigure.
121. Whichofthefolowingisnotamotivetoholdcash?
(a)TransactionaryMotive
(b)PrecautionaryMotive
(c)CapitalInvestment
(d)Noneoftheabove
122. Chequesdepositedinbankmaynotbeavailableforimmediateusedueto
(a)PaymentFloat
(b)ReceiptFloat
(c)NetFloat,
(d)PlayingtheFloat.
123. DifferencebetweenbetweenthebankbalanceasperCashBookandPassBook
maybedueto:
(a)Overdraft
(b)Float
(c)Factoring
(d)Noneoftheabove.
124. ConcentrationBankinghelpsin
(a)ReducingIdleBankBalance
(b)IncreasingColection
(c)IncreasingCreditors
(d)ReducingBankTransactions.
125. DeepDiscountBondsareissuedat
(a)FaceValue
(b)MaturityValue
(c)PremiumtoFaceValue
(d)DiscounttoFaceValue.
126. Principalvalueofabondiscaledthe
(a)MaturityValue
(b)IssuePrice
(c)ParValue
(d)MarketPrice.
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127. Iftherequiredrateofreturnofaparticularbondislessthancouponrate,itis knownas
(a)DiscountBond
(b)PremiumBond
(c)ParBond
(d)JunkBond.
128. Marketinterestrateandbondpricehave
(a)Positiverelationship
(b)Inverserelation
(c)Norelationship
(d)Samerelationship
129. Intheformulake(D1/P0)+g,D1/P0refersto
(a)Capitalgainyield
(b)Dividendyield
(c)Interestyield
(d)Noneoftheabove
130. Therateofinterestpayableonabondisalsocaled
(a)EffectiveRateofInterest
(b)YieldtoMaturity
(c)CouponRate
(d)InternalRateofReturn.
131. Along-termbondissuedwithcolateraliscaled
(a)JunkBond
(b)TreasuryBils
(c)Debenture
(d)PreferenceShare.
132. IfCouponrateislessthanRequiredRateofReturn;asthematurityapproaches
thediscountonbond
(a)Increases
(b)Decreases
(c)RemainsConstant
(d)Noneoftheabove.
133. Aninvestorbuysabondtodayandselsafter3monthstherateofreturnrealised
isknownas
(a)YieldtoMaturity
(b)Currentyield
(c)HoldingPeriodReturn
(d)RequiredRateofReturn.
134. NetProfitRatioSignifies:
(a)OperationalProfitability
(b)LiquidityPosition
(c)Big-termSolvency
(d)ProfitforLenders.
135. InRatioAnalysis,thetermCapitalEmployedrefersto:
(a)EquityShareCapital
(b)Networth
(c)Shareholders'Funds
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(d)Noneoftheabove
136. InNetProfitRatio,thedenominatoris
(a)NetPurchases
(b)NetSales
(c)CreditSales
(d)Costofgoodssold.
137. Thecorectformofaccountingequationis
a.Assets+Liabilities=Equity b.Assets–
Liabilities=Equity c.Assets–Receivable=Equity
d.Assets+Receivable=Equity
b.BookKeeping
c.Economics
d.Auditing
139. Modernsystemofbookkeepingiscaled ?
a.Doubleentrysystem
b.Americansystem
c.Singleentrysystem
d.Italicsystem
140. Discountreceivedisan:
a.Asset
b.Expense
c.Liability
d.Revenue
141. ObligationsoftheBusinessareknownas ?
a.Liabilities
b.Revenues
c.Expenses
d.Asset
142. Theamountinvestedbytheproprietortostartthebusinessiscaled:
a.Drawings
b.Capital
c.Financing
d.Alofthem
b.Returninward
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c.Sales
d.Returnoutwards
144. Salesreturnisalsoknownas ?
a.Returnoutward
b.Returninward
c.Returnreceived
d.ReturnPayed
145. Theconcessionreceivedonthepriceofdefectivegoodsiscaled:
a.Discount
b.Cashdiscount
c.Alowance
d.Tradingdiscount
b.Fictitiousasset
c.Tangibleasset
d.Fixedassets
147. Assetshavingphysicalexistencearecaled ?
a.Currentasset
b.Intangibleasset
c.Tangibleasset
d.Liquidasset
b.Quickasset
c.Fictitiousassets
d.Realassets
149. Debtswhicharepayablewithinayeararecaled?
150. Theunsoldgoodsare ?
151. CashsaletoMr.Awilcreditedto
152. Cariageinwardis
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a.Indirect b.Direct c.Seling d.Operating
expense expense expense expense
153. Debtorsarealsoknownas
154. Netsalesareequaltosalesminus
155. Transactionwhichisanaccountantforgettorecordisknownas
159. Whatstandardsareusedtopreparefinancialstatementsbymostofthe
countriesandcompanies?
a.International b.International c.International d.International
Financial Financial Accounting& Risk
Reporting Accounting Auditing Management
Standards Standards Standards Standards
160. Theaccountingprocessofalocationcostofintangibleassetsiscaled
164. CategoriesofaccountsunderAmericanapproachare
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a.3 b.4 c.5 d.6
165. Goodslostbyfireshouldbecreditedto
a.Goods b.Purchase c.Drawings d.Noneof
account account account these
166. Anentryinwhichmorethanoneaccountisdebitedandmorethanoneaccount
iscreditediscaled
a.Singleentry b.Doubleentry c.Compound d.Simpleentry
entry
167. Thechequewhichisreturnedbythebankunpaidiscaled
a.Cross b.Bearer c.Ordercheque d.Dishonour
cheque cheque cheque
169. Bankreconciliationstatementisusualyprepared
a.Anytime b.Weekly c.Monthly d.Yearly
170. Chequedepositedintobankbutnotcolectedarecaled
a.Unpresented b.Uncredited c.Dishonour d.Noneof
cheque cheque cheque these
171. Whenapersonselshisbilofexchangetobankbeforematurityitiscaled
177. Whichbankfocusonpromotingeconomicgrowthratherthanearningprofit?
18
a.Microfinance b.Islamic c.Central d.Commercial
178. Achequeispaidon?
180. Whenacustomer“Pledges”hisgoodsordocumentswithbanktherelationshipis
knownas?
a.Mortgagor b.Bailor c.Pawner d.Lessor
Mortgagee Bailee Pawnee Lessee
181. GraceDaysarealowedonthematurityof?
value valued
187. Whichofthefolowingenjoyslimitedliability?
proprietorshi partnership
p
188. Thepurposeoffinancialmarketsisto:
Market
19
190. Agencyproblemsareleastlikelytoariseinwhichorganizationalform?
191. _____measuresthefirm’sabilitytomeetitsshorttermobligations
192. Whichoneisanotcurentasset?
193. LiquidRatioisalsoknownas_____
194. Netprofitratioisalsocaled_____
196. WhichofthefolowingwilNOTequatethefuturevalueofcashinflowstothe
presentvalueofcashoutflows?
197. 84.WhenFOHisunderappliedandchargedtoNetProfit,thetreatmentwouldbe:
a.Under b.Under c.Under d.Noneof
appliedAdd appliedLess appliedLess these
netprofit netprofit operating
expense
198. Factoryoverheadcostisthetotalof?
199. Fixedcostperunitdecreaseswhen:
20
increases
200. Primecost+Factoryoverheadcostis:
201. Thecostexpendedinthepastthatcannotberetrievedonproductorservice
202. Islamicbankingstructureisbasedon
a.Premium b.Interest c.Risk d.Noneof
sharing sharing sharing these
203. Ageneralriseinthepricesofgoodsandservicesovertime?
a.Inflation b.Deflation c.Reinflation d.Stagflation
204. WhatdoesGDPstandfor?
a.Good b.Gross c.Global d.Global
Distributi Domestic Detection DataPool
on Product Probabilit
Practice y
205. Whichofthefolowingbusinesstype,hastopaydoubletaxestothegovernment?
a.Sole b.Partnership c.Jointstock d.Noneof
proprietorshi company these
p
206. Simplydefinedissatisfyinghumanandsocialneedsprofitably
a.Marketing
b.Marketingmix
c.Market
d.Management
207.Statesofdeprivationthatcanbe:Physical—food,clothing,warmth,safety: Social—
belongingandaffection:Individual—knowledgeandself-expressionare knownas
a.Needs
b.Wants
c.Wish
d.Demand
208.Formthatneedstakeastheyareshapedbycultureandindividualpersonality
a.Needs
b.Wants
c.Wish
d.Demand
209.Wantsbackedbybuyingpower
a.Needs
b.Wants
21
c.Wish
d.Demand
210.Somecombinationofproducts,services,information,orexperiencesofferedtoa
markettosatisfyaneedorwantarecaled
a.Marketingvalue
b.Marketingimage
c.Marketofferings
d.Marketingmyopia
211.Focusingonlyonexistingwantsandlosingsightofunderlyingconsumerneeds is
a.Marketingvalue
b.Marketingimage
c.Marketofferings
d.Marketingmyopia
212.Theactofobtainingadesiredobjectfrom someonebyofferingsomethingin returnis
a.Exchange
b.Transfer
c.Sale
d.Swapping
213.Thesetofactualandpotentialbuyersofaproduct
a.Market
b.Product
c.Targeting
d.Segments
214.The artand science ofchoosing targetmarkets and building profitable
relationshipswiththemis
a.FinancialManagement
b.Marketingmanagement
c.HumanResourceManagement
d.Management
215.Whichofthefolowingreferstodividingthemarketsintosegmentsofcustomers
a.Valueproposition
b.TargetMarket
c.Marketsegmentation
d.MarketingOffering
216.Setofbenefitsorvaluesacompanypromisestodelivertocustomerstosatisfy theirneeds
a.Valueproposition
b.TargetMarket
c.Marketsegmentation
d.MarketingOffering
217.Whichofthefolowingistheideathatconsumerswilfavorproductsthatare
availableorhighlyaffordable
a.Productionconcept
b.Marketingconcept
22
c.Selingconcept
d.Productconcept
218.Whichoneistheideathatconsumerswilfavorproductsthatofferthemost
quality,performance,andfeatures. Organizationshouldthereforedevoteits
energytomakingcontinuousproductimprovements.
a.Productionconcept
b.Marketingconcept
c.Selingconcept
d.Productconcept
219.Whichconceptisoftheideathatacompanyshouldmakegoodmarketing decisions
byconsidering consumers’wants,the company’s requirements, consumers’long-
terminterests,andsociety’slong-runinterests
a.Productionconcept
b.Marketingconcept
c.Selingconcept
d.Societalmarketingconcept
220.Comprehensiveplanthatcommunicatesanddeliverstheintendedvalueto
chosencustomers.
a.Marketingmix
b.Marketintegration
c.Integratedmarketingprogram
d.Marketingbuzz
221.Whichistheoveralprocessofbuildingandmaintainingprofitablecustomer
relationshipsbydeliveringsuperiorcustomervalueandsatisfaction
a.Customerpromise
b.Customerengagement
c.Customerfriendship
d.Customerrelationshipmanagement
222.Folowingisusedtodirectandcoordinatethemarketingeffortandiscreatedat
thestrategicandtacticallevel
a.Planning
b.StrategicPlan
c.MarketingPlan
d.Aloftheabove
223.Thesystematicdesign,colection,analysis,andreportingofdataandfindings
relevanttoaspecificmarketingsituationfacingthecompany.
a.MarketingResearch
b.Designresearch
c.Relevantresearch
d.Situationresearch
224.Alreadycolecteddatacanbeusedforaresearchwhichiscaled
23
a.SecondaryData
b.Primarydata
c.Availabledata
d.Dataset
225._______________istheperceivedmonetaryvalueofthebundleofeconomic,
functional,andpsychologicalbenefitscustomersexpectfrom agivenmarket
offeringbecauseoftheproduct,service,people,andimage
a.Customerperceivedvalue
b.CustomerLifetimeValue
c.CustomerDeterminingValue
d.Customerbase
226.___________isthetotalityoffeaturesandcharacteristicsofaproductorservice
thatbearonitsabilitytosatisfystatedorimpliedneeds.
a.Quality
b.Standard
c.Need
d.Performance
a.HorizontalIntegration b.VerticalIntegration
c.Bothofabove d.Noneoftheabove
228. Themainpurposeofadoptingforwardverticalintegrationstrategyisto
a.Gainbeteranddirectaccesstoendusersandbetermarketvisibility
b.Achievethesamescaleeconomiesaswholesaledistributorsand/orretail dealers
c.Controlpricesintheindustry
d.Toimproveproductionefficiency
229. AGoodexampleofverticalintegrationis
a.A globalpublicaccountingfirm acquiringasmallocalorregionalpublic accountingfirm
b.Alargesupermarketchaintransformingintoconveniencefoodstores
c.Acrudeoilrefinerpurchasingafirmengagedindrilingandexploringforoil
d.SonyandEricsoncombiningtheirtechnologicalcapabilities
230. Productdifferentiationreferstothe:
a.abilityofthebuyersofaproducttonegotiatealowerprice.
b.beliefbycustomersthataproductisunique.
c.responseofincumbentfirmstonewentrants.
d.factthatasmoreofaproductisproducedthecheaperitbecomesperunit.
231. Asustainedorsustainablecompetitiveadvantagerequiresthat:
a.thevaluecreatingstrategymustbeinaformulationstage.
b.competitorsmustbesimultaneouslyimplementingthestrategy.
c.othercompaniesmustnotbeabletoduplicatethestrategy.
24
d.averagereturnsmustbeearnedbythecompany.
232. Introducingpresentproductsorservicesintonewgeographicareasisreferredto as
a.MarketDevelopmentStrategy b.ProductDevelopmentstrategy
c.MarketPenetrationStrategy d:RetrenchmentStrategy
233. Seekingownershiporincreasedcontrolofafirm’ssuppliersisknownas
a.forwardverticalintegration. b.backwardverticalintegration.
c.HorizontalIntegration d.Diversificationstrategy
234. _______________isnotafeatureofTotalQualityManagementParadigm.
a.Accuratemeasurementofthebusinessprocess
b.Concernforcontinualimprovement c.Improvementinthequalityofeverything
d.Centralizationofdecisionmaking
235. OrganizationalcultureisNOT__________________
a.Perception
b.Shared
c.valuebased
d.Quantifiable
236. Whichofthefolowingisrelativelydifficulttochangethantherest?
a.OrganizationalCulture
b.OrganizationalStructure
c.Organizationalstrategy
d.Technology
237. Directsupervisionoftheworkforceistheresponsibilityof
a.FirstLineManagers
b.MiddleLineManagers
c.TopManagement
d.BoardofDirectors
238. OrganizationalDesignisaprocessofmakingdecisionsrelatingtoalofthe
folowingEXCEPT
a.Departmentalization
b.Chainofcommand
c.OrganizationalBehavior
d.Centralizationanddecentralization
239. Groupingjobsonthebasisofterritory/regioniscaled
a.FunctionalDepartmentalization
b.ProcessDepartmentalization
c.GeographicalDepartmentalization
d.CustomerDepartmentalization
240. Inordertoenhancecreativityandinnovationwithinorganizations,organizations
25
needtoapplyalofthefolowingEXCEPT
a.Freeflowofinformation
b.Centralization
c.EmployeeEmpowerment
d.LowFormalization
241. ChenabTextiles,beingaleadingtextilemanufacturerandexportertookan
initiativetotakecontrolofthedistributionbymakingconceptstoresunderbrand
nameofChenOne.Thisgrowthstrategyiscaled
a.Backwardverticalintegration
b.Forwardverticalintegration
c.Concentration
d.Noneoftheabove
242. Usingacostorqualityadvantagetoexploitaparticularmarketsegmentrathera
largermarketiscaled
a.CostLeadershipStrategy
b.DifferentiationStrategy
c.FocusStrategy
d.Noneoftheabove
243. Zonghasrelativelylowmarketsharebuthighmarketgrowthrate.Wherewould
youplaceZongonBCGMatrix?
a.Stars
b.CashCows
c.QuestionMarks
d.Dogs
244. AlofthefolowingarecharacteristicsofChange-CapableOrganizations,EXCEPT
a.supporttoday-to-dayimprovementsandchanges. b.IntegratingTechnology
c.Talorganizationalstructure
d.Diverseteams.
245. Interloopisplanningtoraiseitsproductioncapacityfrom10,000unitsamonth
to100,000amonthinabidtoreduceitsperunitproductioncost.Whatexactlyare
theyaimingfor?
a.EconomiesofScope b.MarketPenetration
c.Economiesofscale d.Noneoftheabove 246.
Whichofthefolowinghasmorelongtermorientationinrelationtoothers?
a.Mission b.WorkPractice
c.Policy d.Strategy
247. Folowingarethebenefitsofmissionstatements,EXCEPT
a.Tohelporganizationscreateunanimityofpurpose
b.Tohelpinresourcealocation.
c.Toprovidecompetitiveadvantagetocompetitororganizations.
d.Toserveasafocalpointfortheworkstructure
26
248. ThefolowingparadigmofManagementparticularlyemphasizestheimportance
offinding‘onebestway’todoeveryjob.
a.StrategicManagement b.ScientificManagement
c.MarketingManagement d.OrganizationalBehavior
249. Authoritywithinorganizationsis
a.Theconceptthatapersonshouldhaveonebossandshouldreportonlytothat
person.
b.Therightsinherentinamanagerialpositiontotelpeoplewhattodoandto
expectthemtodoit.
c.Theobligationorexpectationtoperformfromtheworkforce.
d.Aloftheabove
250. _______________meansthatdecisionmakingauthorityisbeingpusheddownto
themanagerswhoareclosesttotheaction
a.Centralization b.Decentralization
c.EmployeeEmpowerment d.Aloftheabove
251. OrganicOrganizationalStructuresarebestsuitedfor
a.StableandSimpleenvironments b. Dynamic and Complex
environments
c.Centralizedorganizations d.Noneoftheabove
252. FolowingisNOTaCorporatelevelStrategy
a.CostLeadership b.Verticalintegration
c.Horizontalintegration d.Diversification
253. Organizationswithhighmarketshareandlowmarketgrowthrateareplacedin
_________QuarterofBCGMatrix.
a.CashCows b.QuestionMarks
c.Stars d.Dogs
254. Atemptingtocreateauniqueanddistinctiveproductorserviceforwhich
customerswilpayapremiumpriceisknownas
a.DifferentiationStrategy b.FocusStrategy
c.RetrenchmentStrategy d.Noneoftheabove
255. Folowing types of organizations are characterized by free flow of communication
a.TalOrganizations b.Leanorganizations
c.MechanisticOrganizations d.StrongDepartmentalization
256. Afirm'smission
a.isastatementofafirm'sbusinessinwhichitintendstocompeteandthe
customerswhichitintendstoserve.
b.isaninternaly-focusedaffirmationoftheorganization'sfinancial,social,and ethicalgoals.
c.ismainlyintendedtoemotionalyinspireemployeesandotherstakeholders.
d.isdevelopedbyafirmbeforethefirmdevelopsitsvision.
257. ThegeneralenvironmentoftheorganizationstypicalyDONOTinclude
a.Demographicfactors.b.Socioculturalfactors.
c.Substituteproductsorservices.d.Technologicalfactors.
258. Tobeacorecompetency,acapabilitymustsatisfyalofthefolowingcriteria
EXCEPT:
a.havingnumberofsubstitutes. b.be hard forcompeting firms to
27
duplicate.
c.betechnologicalyinnovative. d.bevaluabletocustomers.
259. The__________environmentiscomposedofelementsinthebroadersocietythat
caninfluenceanindustryandthefirmswithinit.
a.Competitor b.General
c.Sociocultural d.Industry
260. Tangibleresourcesinclude:
a.assetsthatarepeopledependentsuchasknow-how.
b.assetsthatcanbeseenandquantified.
c.organizationalculture.
d.afirm'sreputation
261. Mostcrucialandfirststepinmarketingprocessis
a.Designingamarketingstrategy
b.Createcustomerdelight
c.Understandingcustomerneedsandwants
d.Capturingvaluefromcustomers
262. Mr.Junaidisopeningitsretailkurtaoutletsacrossdifferentregionsaroundthe
worldAccordingtoAnsoff’sProduct-MarketExpansionGridwhatkindofstrategyis this
a.Productdevelopmentstrategy
b.DiversificationStrategy
c.MarketDevelopmentstrategy
d.Noneoftheabove
263. ABCInc.isplanningtolaunchanewwar-strategy-basedcomputergameforthe
maleteenagers.Whatkindofsegmentationisthis?
a.Demographicsegmentation
b.Socio-culturalsegmentation
c.Lifestylesegmentation
d.Geodemographicsegmentation
264. Tocreateprofits,companymust
a.Createloyalcustomers
b.Increasemarketshareofmarket
c.Capturelifetimevaleofcustomer
d.Alofabove
265. Folowingareexamplesofinternalconsumerinfluences,EXCEPT
a.Learning b.Demographic;IncomeandSocialclass
c.Perceptionandmemory
d.Motivation
266. OfthefourPsofthemarketingmix,“place”includes .
a.Valuechain b.Publicrelations
c.Distributioncenters d.Financialresources
28
267. Tanyaandhermarketingteam atafastfoodrestaurantarebreakingtheir
company'stargetaudienceintogroupsthathavesharedneedsthataredifferent
fromtheneedssharedbyothergroups.Theyareengagedin .
a.Markettargeting b.ProductPositioning
c.Marketsegmentation d.ProductPlacement
268. -referstothedevelopmentofadistinctimagefortheproductinthe
mindoftheconsumer.
a.Targeting b.Segmenting
c.Placement d.Positioning
269. Whichofthefolowingisanexampleofanon-adjustingevent?
a. Saleofinventoryforlessthanitscaryingvalueshortlyafterthereportingperiod
b. Amountsreceivedinrespectofaninsuranceclaimbeingnegotiatedatthe
periodend
c. Destructionofamachinebyfireafterthereportingperiod
d. Bankruptcyofamajorcustomerwithabalanceowingattheperiodend
270. Whenaleasetransferssubstantialyaltherisksandrewardsofownershipto
lessee,thisiscaled…
a. Afinancelease
b. Anoperatinglease
c. Abuy-to-letagreement
d. Arentalagreement
271. Aleasedassetshouldbedepreciatedoverthe…
a. Shorteroftheleasetermandtheasset’susefullife
b. Longeroftheleasetermandtheasset’susefullife
c. Entireleaseterm
d. Usefullifeoftheasset
272. Operatingleasesaremostly______agreements.
a. Longterm
b. Mediumterm
c. Shortterm
d. Verbal
273. Revenueofentityshalbemeasuredat:
a. Costofsales
b. FairValue
c. Costofproduction
d. Noneoftheabove
274. Whentheoutcomeofthetransactioninvolvingtherenderingofservicescannot
beestimatedreliably,thenrevenueshal:
a. Notberecognized
b. Recognizedtotheextentofexpensesrecognisedarerecoverable
c. Bedefered
d. Recognizedfulyirespectiveoftheoutcome
e. Noneoftheabove
275. Revenuefromsaleofgoodsisrecognizedwhen:
a. Thecashhasbeenreceivedforthesaleofgoods
b. Thesignificantrisksandrewardsofownershiphavebeentransferedtothe buyer
c. Saleorderhasbeenreceived
d. Noneoftheabove
276. Royaltiesshouldberecognisedon:
29
a. Cashbasis
b. Receiptbasis
c. Paymentbasis
d. Accrualbasis
277. Revenueaccruingtoanentityincludes:
a. Investmentcapitalflowingintoanentity
b. Dividendspaidbytheentity
c. Grossinflowofeconomicbenefitsofordinaryactivities
d. Noneoftheabove
278. Whatisthetermusedtodescribethetimebetweentheacquisitionofassetsfor
processingandtheirrealizationincashorcashequivalents?
a. Processingcycle
b. Turnover
c. Operatingcycle
d. Turnaround
279. Cashpaymentstoandonbehalfofemployeesisanexampleofcashflowsfrom
a. Operatingactivities
b. Financingactivities
c. Investingactivities
d. Noneofthese
280. Theprincipalrevenue-producingactivitiesofanentityarecaled…
a. Operatingactivities
b. Investingactivities
c. Financingactivities
d. Noneofthese
281. In2002StateBankofPakistanissuedtheFirstLicenseofIslamicBank
to………………………….
a.BurjIslamicBank
b.MeezanBanklimited
c.BankIslami
d.DawoodIslamicBank
282. TheframeworkofanIslamicfinancialsystemisbasedonelementsofShari'ah
which………….Riba(Usury)andGharar(uncertainty).
a.Tolerate
b.Prohibit
c.Alocate
d.Surender
283. Thecategoryofharamisthe…….…statusofprohibitioninIslam.
a.Lowest
b.Medium
c.Moderate
30
d.highest
284. …………………isajointenterpriseorpartnershipstructureinIslamicfinanceinwhich
partnersshareintheprofitsandlossesofanenterprise.
a.Muswama
b.Salam
c.Musharakah
d.Itqad
a.Fixratio
b.Anyratio
c.Variableratio
d.Prefixed
a.Mudarbah
b.Murabah
c.Muswama
d.partnership
287. …………………couldbedefinedas,theExchangeofathing(subjectmater)ofvalue
withanotherthingofvalue,withmutualconsent”
a.Sale
b.Purchase
c.Value
d.goods
288. Foravalidsalethesubjectmaterofsaleshouldbeinthe………….atthetimeof
Sale.
a.ownershipoftheseler
b.OwnershipofthePurchaser
c.Possessionofthethirdparty
d.inthehandofLabor
289. Thepriceofasoldthings……………………………………foravalidsale.
a.don’tcertain
b.mustbecertain
31
c.alwayshidden
d.knowntotheseleronly
290. IslamicFinanceisaneconomicalsystembasedon………………………………………….
a.Frequency
b.risksharing
c.Profit
d.Fixrateofreturn.
291. …………………isunjustifiedincrementinborrowingorlendingmoney,paidinkindor
inmoneyabovetheamountofloan,asaconditionimposedbythelenderor
voluntarilybytheborrower.
a.Ghurar
b.Inhamac
c.Riba
d.Risk
292. Thewordshariameans"thepath“,thesearethesetofruleswhicharederived
fromthe………………….
a.Quran&Hadis
b.HadisOnly
c.Quranonly
d.IslamicHistory
293. Theabilitytoworkwelwithotherpeople
a.Technicalskils b.Conceptualskils
c.Humanskils
d.Planningskils
294. Doingthingsdifferently,exploringnewterritory,andtakingrisks
a.MarketingManagement
b.Financialmanagement
c.HRM
d.Innovation
295. Whichofthefolowingfactorsdoesnotinfluenceissueintensity?
a.Proximitytovictim
b.Immediacyofconsequences
c.Concentrationofeffect
d.Theindividual'slocusofcontrol
296. Whichofthefolowingisnotanargumentforsocialresponsibility?
a.Ethicalobligation
32
b.Lackofaccountability.
c.Balanceofresponsibilityandpower
d.Possessionofresources
297. Arrangingandstructuringworktoaccomplishanorganization’sgoals?
a.Planning
b.Organizing
c.Leading
d.Controling
298. ___________isaprocessthatinvolvesdefiningtheorganization'sobjectivesor
goals,establishingstrategy,anddevelopingahierarchyofplans.
a.Managing
b.MBO
c.Informalplanning
d.Planning
299. Plansthatspecifydetailsonhowoveralobjectivesaretobeachievedare
a.Standing
b.Strategic
c.Directional
d.Operational
300. Flexibleplansthatsetoutgeneralguidelinesare:
a.Directional
b.Strategic
c.Specific
d.Operational
301. Anapproachtosetingobjectivesfrom topmanagersdownwardthroughthe
organizationis:
a.Statedobjective
b.Realobjective
c.MBO
d.Traditionalgoalseting
302. Theprocessofmonitoring,comparing,andcorectingiscaled?
a.Controling
b.Coordinating
c.Leading
d.Organizing
303. Assuringtherightpeoplesareonthejob&motivated
a.Planning
b.Leading
c.Organizing
33
d.Controling
304. Thinoutpoolofapplicantstofindthebestchoiceiscaled_________________
a.Recruiting
b.Training&development
c.Selection
d.Motivation
305. Teachtherules,regulations,goals,andcultureofthecompany
a.Employeedevelopment
b.EmployeeTraining
c.Careerdevelopment
d.Orientation
306. ActivitiesinHRMconcernedwithhelpingemployeesexertathighenergylevels
a.Communications
b.Motivations
c.Employeemaintenance
d.Compensation
307. Helpemployeestomaximizetheirpotential
a.Training&Development
b.Research&Development
c.ConflictManagement
d.Strategicmanagement
308. Determiningwhatjobsneedtobedoneandbywhom
a.Structure
b.Strategy
c.Mission
d.people
309. Includesthedevelopmentofreplacementcharts
a.Strategicplanning b.Successionplanning
c.HRplanning
d.noneofabove
310. Involveslinkingstaffinglevelstoorganizationalgoals
a.Downsizing
b.Rightsizing
c.Recruitment
d.WorkSpecialization
311. Aselectiondevice’sconsistencyofmeasurementiscaled
a.Validity
b.Reliability
34
c.CutScore
d.noneofabove
312. Future-orientedtrainingthatfocusesonemployeepersonalgrowth
a.Employeetraining
b.Employeedevelopment
c.Jobrotation
d.Changeagent
313. Documentsthatoutlinehowgoalsaretobeaccomplished?
a.Objectives
b.Goals
c.Plans
d.Strategies
314. Establishtheorganization’soveralgoals
a.StrategicPlans
b.OperationalPlans
c.DirectionalPlans
d.SpecificPlans
315. KeyelementofMBO?
a.Goalspecificity
b.Participativedecisionmaking
c.Anexplicitperformance/evaluationperiod&feedback
d.Aloftheabove.
316. Arepetitivedecisionthatcanbehandledbyaroutineapproach?
a.ProgrammedDecision b.Non-
programmedDecision
c.Intuitivedecision
d.Rationaldecision
317. Whatmanagersdotodeveloptheorganization’sstrategies?
a.StressManagement
b.Talentmanagement
c.ConflictManagement
d.Strategicmanagement
318. Arrangingandstructuringworktoaccomplishanorganization’sgoals?
a.Planning
b.Organizing
c.Leading
d.Controling
319. Theformalarangementofjobswithinanorganization?
a.OrganizationalDesign
35
b.OrganizationalStructure
c.Formalization
d.Noneofabove
320. Thenumberofemployeeswhocanbeeffectivelyandefficientlysupervisedbya
manager?
a.SpanofControl
b.UnityofCommand
c.ChainofCommand
d.WorkSpecialization
321. Someonewhocaninfluenceothersandwhohasmanagerialauthority?
a.Manager
b.Leader
c.Folower
d.Controler
a.UnityofCommand
b.Leadership
c.Authority
d.Centralization
a.Centralization
b.Decentralization
c.EmployeeEmpowerment
d.Departmentalization
324. ASWOTanalysisisanexampleofa:
a.Positionanalysis
b.Strategicanalysis
c.Shareholdervalueanalysis
d.Customerprofitabilityanalysis
325. Researchhasfolowingcharacteristic/characteristics.
a.Dataarecolectedsystematicaly
b.Dataareinterpretedsystematicaly
c.Thereisaclearpurposetofindthingsout
d.Aloftheabove.
326. Tocolectandanalysedatafromeverypossiblecaseorgroupmember(Entire
Population);thisistermeda.
a.Sample
b.Cluster
c.Quote
d.Census
327. The_____________foranyprobabilitysampleisacompletelistofalthecasesin
36
thepopulationfromwhichyoursamplewilbedrawn.
a.SamplingFrame
b.SampleSize
c.SampleCase
d.SampleRecord
328. ______________samplinginvolvesyouselectingthesampleatregularintervals
fromthesamplingframe.
a.Simplerandom
b.Systematic
c.Cluster
d.Quote
329. ____________________samplingenablesyoutouseyourjudgementtoselect
casesthatwilbestenableyoutoansweryourresearchquestion(s)andtomeet
yourobjectives.
a.QuotaSampling
b.ClusterSampling
c.Snowbalsampling
d.PurposiveSampling
330. A______________variablechangesinresponsetochangesinothervariables.
a.Mediator
b.Moderator
c.Independent
d.Dependent
331. _____________datarefertodatawhosevaluescannotbemeasurednumericaly
butcanbeeitherclassifiedintosets.
a.NumericalData
b.CategoricalData
c.IntervalData
d.RatioData
332. Todescribeandcomparetheextentbywhichvaluesdifferfrom themean,we
use__________
a.StandardDerivation
b.Mode
c.Corelation
d.Regression
333. _______________________issupplementarymaterialattheendofabook,article,
documentoranyotherreport,usualyofexplanatory,statisticalorbibliographic nature.
a.Appendices
b.References
c.Discussion
d.FutureDirections
334. WhichoneisnotaWirelesscommunicationtechnology?
a) WiFi c) BlueTooth.
b) WiMax d) LAN
335. WhichfunctionisnottheresponsibilityofagoodFinancialInformationSystem?
37
a) Budgeting b) FundsManagement
c) MarketSurveys d) AssetManagement
336. WhichofthefolowingisNOTacashoutflowforthefirm?
a.depreciation.
b.dividends.
c.interestpayments.
d.taxes.
337. Whichofthefolowingarenotamongthedailyactivitiesoffinancial
management?
a.saleofsharesandbonds
b.creditmanagement
c.inventorycontrol
d.thereceiptanddisbursementoffunds
338. Reserves&Surplusarewhichformoffinancing?
a.SecurityFinancing
b.InternalFinancing
c.LoansFinancing
d.InternationalFinancing
339. Theadditionofalcurrentassetsinvestmentisknownas.
a.NetWorkingCapital
b.GrossWorkingcapital
c.TemporaryWorkingCapital
d.Alofthese
340. Anassetisa-
a.Sourceoffund
b.Useoffund
c.Inflowoffunds
d.noneoftheabove.
341. Usesoffundsincludea(an):
a.decreaseincash.
b.increaseinanyliability.
c.increaseinfixedassets.
d.taxrefund.
342. Whichofthefolowingstatementsiscorrect?
a.IftheNPVofaprojectisgreaterthan0,itsPIwilequal0.
b.IftheIRRofaprojectis0%,itsNPV,usingadiscountrate,k,greaterthan0,wil be0.
c.IfthePIofaprojectislessthan1,itsNPVshouldbelessthan0.
d.IftheIRRofaprojectisgreaterthanthediscountrate,k,itsPIwilbelessthan1
anditsNPVwilbegreaterthan0.
343. Infinance,"workingcapital"meansthesamethingas
38
a.totalassets.
b.fixedassets.
c.curentassets.
d.curentassetsminuscurrentliabilities.
344. ____________isdefinedasthelengthoftimerequiredtorecovertheinitialcash out-
lay.
a.Payback-period
b.Inventoryconversionperiod
c.Discountedpayback-period
d.Budgetperiod
345. ____________isthelengthoftimebetweenthefirm’sactualcashexpenditureand
itsowncashreceipt.
a.Netoperatingcycle
b.Cashconversioncycle
c.Workingcapitalcycle
d.Grossoperatingcycle
346. _______________referstothelengthoftimealowedbyafirmforitscustomersto
makepaymentfortheirpurchases.
a.Holdingperiod
b.Pay-backperiod
c.Averagecolectionperiod
d.Creditperiod
347. Amountsduefromcustomerswhengoodsaresoldoncreditarecaled
.
a.Tradebalance
b.Tradedebits
c.Tradediscount
d.Tradeoff
348.Theprocesswhichisconcernedwiththeacquisition,financingandmanagement
ofassetsiscaled
a.CapitalBudgeting
b.FinancialManagement
c.WorkingCapital
d.CapitalStructure
349.ThemajorfunctionsofaFinancialmanagerare
a.Investment
b.Financing
c.AssetManagement
d.Aloftheabove
350.Anindividualauthorizedbyanotherperson,caledtheprincipal,toactinthe
later’sbehalfiscaled
a.Management
39
b.Shareholder
c.Agent
d.Alofabove
351. Thesystembywhichthecorporationsaremanagedandcontroledidcaled
a.CorporateSocialResponsibility
b.CorporateGovernance
c.AgencyTheory
d.FinancialManagement
a.SimpleInterest
b.CompoundInterest
c.Discount
d.Noneofabove
353. Interestpaid(earned)onanypreviousinterestearned,aswelasontheprincipal
borrowed(lent)iscaled
a.SimpleInterest
b.CompoundInterest
c.Alofabove
d.Noneofabove
354. TheratiosthatShowafirm’sabilitytocoveritscurentliabilitieswithitscurrent
assetsarecaled
a.CurrentRatio
b.FinancialRatio
c.LeverageRatio
d.SolvencyRatio
355. TheratiosthatShowafirm’sabilitytomeetcurrentliabilitieswithitsmostliquid
assetsarecaled
a.CurrentRatio
b.AcidTestRatio
c.LeverageRatio
d.SolvencyRatio
356. Showstheextenttowhichthefirmisfinancedbydebt.
40
a.CurrentRatio
b.AcidTestRatio
c.LeverageRatio
d.DebttoEquityRatio
357. Showsthepercentageofthefirm’sassetsthataresupportedbydebtfinancing.
a.CurrentRatio
b.DebttoTotalAssetsRatio
c.LeverageRatio
d.DebttoEquityRatio
358. Thefolowingisthemethodofcapitalbudgeting
a.CostofCapital b.InternalRateofReturn
c.WorkingCapital
d.Perpetuity
359. Therealownersofafirmarethe
a.Management
b.Agents
c.Shareholders
d.Alofabove
360. _____isasystemofmarketingbywhichorganizationscommunicatedirectly
withtargetcustomerstogeneratearesponseand/oratransaction.
a.Advertising
b.Salespromotion
c.Directmarketing
d.Publicity
361. Thepersontowhomgoodsaresoldoncreditiscaled ?
a.Buyer
b.Seler
c.Debtor
d.Creditor
362. Whenownerwithdrawcashforitsprivateuse,itiscaled ?
a.Profit
b.Income
c.Expense
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d.Drawings
363. Outstandingincomewilappearinbalancesheetas?
364. Aldirectexpendituresaretakento
a.Trading b.Profitand c.Balance d.Noneof
account lossaccount sheet these
365. Theprocessoftransferingbusinesstransactionsfromjournaltoledgeriscaled
a.Posting
b.Journalizing
c.Classifying
d.Entry
366. Incomereceivedinadvancebutnotearnediscal
a.Unearned b.Outstanding c.Accrued d.Prepaid
income expenses income expenses
MARKETINGSPECIALIZATION
367. Themajordifferencebetweenalow-costleaderstrategyandafocusedlow-cost
strategyis
a.Whethertheproductisstronglydifferentiatedorweaklydifferentiatedfromrivals
b.Thedegreeofbargainingpowerthatbuyershave
c.Thesizeofthebuyergroupthatacompanyistryingtoappealto
d.Nomajordifferencebetweenthem
368. Themarketingemphasisofacompanypursuingalow-costleadershipstrategy
usualyisto
a. Beatrivalbrandsonpricewithcomparablefeatures
b.publicizedifferentiatingfeaturesandchargeapremiumprice c.Out-
advertiserivalsandmakefrequentuseofdiscountcoupons
d.Beatcompetitiononproductquality
369. Advertisingisamajorpromotionmixingredientthatisa.?
a.Paidformofpersonalcommunication.
b.Paidformofnonpersonalcommunication.
c.Nonpaidformofpersonalcommunication.
d.Nonpaidformofnonpersonalcommunication.
370. ABankairsaseriesofradioadsthatclaim "Wearethelisteningbank."This
campaignwouldbebestdescribedas__________advertising.
a.Pioneer
b.Target
c.Product
d.Institutional
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371. Advertisingthatpromotesorganizationalimages,ideas,andpoliticalissuesis
__________advertising.
a.defensive
b.Competitive
c.comparative
d.Institutional
372. Softdrinkcompaniesadvertisethattheirproductsbeatthecompetitionin
national"tastetests,"andtheyrefertotherivalbrandsbyname.Thistypeof
advertisingisbestdescribedas…?
a.Pioneer.
b.Competitive.
c.comparative.
d.Selective.
373. Theinitialstageinthedevelopmentofanadvertisingcampaignis…?
a.Creatingthemessage.
b.Setingthebudget.
c.Identifyingandanalyzingtheadvertisingtargetaudience.
d.Creatingtheadvertisingplatform.
374. Thetargetaudienceforanadvertisingcampaignisthe….?
a.Informationbaseonwhichtodevelopthecampaign.
b.Locationandgeographicdistributionofpersons.
c.Groupofpeopletowardwhomtheadvertisementsaredirected.
d.Overalgoaloftheadvertisingcampaign.
375. Purposesofadvertisingagenciesinclude:
a.Advise&counselonmarketingstrategy
b.Advise&counselonadvertisingandmediastrategy
c.Help&counselonsalespromotion&othercommunicationtasks
d.Alofthegivenoptions
376. _______istheprocessandactivitiespeopleengagein-whensearchingfor,
purchasing,using,evaluatinganddisposingofproductsandservicessoasto
satisfytheirneedsanddesires.
a.ConsumerBehavior
b.DecisionMaking
c.Advertising
d.Feedback
377. Aname,term,sign,designoraunifyingcombinationofthem,intendedtoidentify
anddistinguishtheproductorservicefrom competingproductsorservicesis caled .
a.PersonalName
b.TradeName
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c.Brand
d.Trademark
378. ________istheartandscienceoffitingtheproductsorservicestooneormore
segmentsofthebroadmarketinsuchawayastosetitmeaningfulyapartfrom
competition.
a.Positioning
b.Branding
c.Marketing
d.Segmentation
379. Price,product,placeandpromotiontogetherformthe:
a.Value
b.promotionalmix
c.marketingmix
d.integratedmarketingcommunication.
a.Advertising
b.Personalseling
c.Thepromotionalmix
d.Publicity
382. _____advertisingisdonebylocalmerchantstoencourageconsumerstoshopat
aspecificstore,usealocalservice,orpatronizeaparticularestablishment.
a.Trade
b.Professional
c.Directresponse
d.Retail
383. _____advertisingistargetedatindividualswhoinfluencethepurchaseofgoods
andservicesusedtomakeotherproducts.
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a.Professional
b.Primarydemand
c.Retail
d.Business-to-Business
384. _____includesthosemarketingactivitiesthatprovideextravalueorincentivesfor
purchasingaproductsuchascouponsandpremiums.
a. Advertising
b. Publicrelations
c. Salespromotion
d. Brandequity
385. _____isaformofperson-to-personcommunicationinwhichaseleratemptsto
assistand/orpersuadeprospectivebuyerstopurchasethecompany'sproductor
serviceortoactonanidea.
a.Advertising
b.B.Salespromotion
c.Directmarketing
d.Personalseling
386. Geographicsegmentationisaboutdividing:
a.consumersbasedonlifestyle
b.marketsbasedonlocation
c.consumersbasedonusage
d.consumersbasedonincome.
387. Dividingthemarketonthebasisofpersonalityand/orlifestylesisreferedtoas
.
a.geographicsegmentation
b.demographicsegmentation
c.psychographicsegmentation
d.socioeconomicsegmentation
388. _____involvesignoringsegmentdifferencesandofferingjustoneproductor
servicefortheentiremarket.
45
a.Marketingmix
b.Positioning
c.Concentratedmarketing
d.Undifferentiatedmarketing
a.Differentiatedmarketing
b.Undifferentiatedmarketing
c.Concentratedmarketing
d.Behavioristicsegmentation
390. Productpositioningisabout:
a.theperceptionofaproductfromtheviewofcompetitors
b.thepositionoftheproductontheshelfofaretailstore
c.thewaytheproductispacked
d.developingaperceptionaboutaproductorserviceinthemindoftheconsumers.
391. Abrand'smarketpositionreferstoits:
a.relativemarketshare
b.locationonstoreshelves
c.imageinthemindofthecustomers
d.distributionintensity.
392. _____isabundleofbenefitsorvaluesthatsatisfiestheneedsofconsumers.
a.Productusepositioning
b.Market
c.Product
d.Channel
393. Problemrecognitionispartof:
46
a.Thedecisionprocess
b.Personalinfluence
c.Themarketingmix
d.noneofthese
394. Post-purchaseevaluationmeans:
a.Researchingconsumerswhohavepreviouslyboughttheproduct.
b.Comparingthepurchaseoutcomewithpreviousexpectations.
c.Feelingsofdisappointmentfolowingapurchase. d.BothAandB
395. Obtainingsatisfactionthroughfulfilingone'spotentialiscaled:
a.Esteem.
b.Self-actualisation
c.Perception
d.Noneofthese
396. Thecomponentofatituderelatingtobeliefsanddisbeliefsiscaled:
a. Conative.
b. Cognitive.
c. Affective.
d. Perception
397. Thecomponentofatituderelatingtoemotioniscaled:
a. Conative.
b. Affective.
c. Cognitive.
d. Perception.
398. …………….aresociety'srelativelypermanentandordereddivisionswhosemembers
sharesimilarvalues,interests,andbehaviors.
47
a. Subcultures
b. Socialclasses
c. Perceptions
d. Purchasedecisions
399. Familyisoneofthe………….factorsthatinfluenceconsumerbehavior.
a. social
b. personal
c. psychological
d. cultural
400. _______includesaltheactivitiesinvolvedinselinggoodsorservicestothefinal
consumersforpersonal,nonbusinessuse.
a)merchandisingc)procurementc)retailingd)alofthese
401. Purposeofretailmanagementisto .
a)savecustomer’stimeb)retaincustomerc)satisfycustomerd)botha&b
402. Retailersoftenactasthecontactbetweenmanufacturers,wholesaleand_______
a)tradersb)intermediariesc)customersd)distributor
403. A¬______storeisasetupwhichofferswiderangeofproductstoendusersunder oneroof.
a)discountb)specialityc)departmentd)botha&b
404. Astoreformatwhichgeneralyselsfoodproductsandhouseholditems,properly
placedandarrangedinspecificdepartments .
a)conveniencestoreb)grocerystorec)supermarketd)mals
405. ______pricingfixoccurswhenagroupofcompetingretailersestablishesafixed
priceatwhichtoselcertainbrandsofproducts.
a)dyadicb)verticalc)horizontald)monopolistic
406. ______pricefixoccurswhenaretailercolaborateswiththemanufactureror
wholesalertoreselanitematanagreed-onprice.
a)dyadicb)verticalc)horizontald)monopolistic
407. _______waranties is eitherwriten orverbalized agreements aboutthe
performanceofaproductandcancoveralatributesofthemerchandiseoronly
oneatribute.
a)explicitb)implicitc)expressedd)implied
408. ______________referstothemanagementofmerchandisecategories,orlines,
ratherthanindividualproducts,asstrategicbusinessunit.
a)CategoryManagement,b)MerchandiseManagement,c)retailmanagement,d)
bothb&c
409. Thenumberofmerchandisebrandsthatarefoundinamerchandiselineis knownas
a)breadth,b)depth,c)assortment,d)botha&c
410. Whichoneofthefolowingaremerchandiseconstrainingfactors?
a)CurencyConstraints,b)SpaceConstraints,c)TurnoverConstrains,d)alof these
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411. Consignmentiswhenthevendorretainstheownershipofthegoodsandusualy
establishestheselingprice;itispaidonlywhenthegoodsare______bythe retailer.
a)bought,b)sold,c)owned,d)notsold
412. Maintainhighmerchandiseturnoverwhilemaintaining_______margingoalsisan
importantconflictinstockplanning. a)high,b)low,c)equal,d)adequate
414. A ___________isofferedasaninducementtopurchaselargequantitiesof
merchandiseinquantitydiscount.
a)pricereduction,b)productreduction,c)pricecontrol,d)increasedprice
415. A discountprovided to retailers ifthey purchase and take delivery of
merchandiseintheoffseason.
a)tradediscount,b)cashdiscount,c)seasonaldiscount,d)promotional
discount.
416. _____________occurswhenanemployeeofoneoftheretailer’svendorssteals
merchandiseasitisdeliveredtotheretailer.
a)Vendorcolusion,b)shrinkage,c)employeetheft,d)customertheft
417. Inthesuppliesdecisionstageacompanyshouldnotin-sourcewhen
a)Uncertaintyofeconomyislow b)uncertaintyofeconomyishighc)Low
competitioninmarketplaced)Lowtransparencyofsupplier
418. Thingstoconsiderinthesupplierevaluationinsupplymanagementarefolowing
except______
a)financialstatusb)procurementmethodsc)trackrecordd)costofproduction
419. InthetotalcostofownershipanalysiswhichoneisnotaDirectcost.
a)materialb)labourc)machineryd)freight
420. InthetotalcostofownershipanalysiswhichoneisnotaIndirectcost.
a)administrationb)depreciationc)variableoverheadd)lease
421. E-martisanexampleof
a)Corporateretailchains,b)Franchises,c)Independents,singlestore,d)
companysponsored
422. IntegrationofTechnologyinvolves
a)Supply Chain Management,b)CustomerManagement,c)Customer
Satisfaction,d)alofthese
FINANCESPECIALIZATION
423. Afirm'soperatingcycleisequaltoitsinventoryturnoverindays(ITD)
a.plusitsreceivableturnoverindays(RTD).
b.minusitsRTD.
c.plusitsRTDminusitspayableturnoverindays(PTD).
d.minusitsRTDminusitsPTD
424. XYZCompanyhadsaleslastyearofRs.265milion,includingcashsalesofRs.
49
25milion.Ifitsaveragecolectionperiodwas36days,itsendingaccounts
receivablebalanceisclosestto.(Assumea365-dayyear.)
a.Rs.26.1milion
b.Rs.23.7milion
c.Rs.7.4milion
d.Rs.18.7milion
425. Inlastyearthecurrentratiowas3:1andquickratiowas2:1.Presentlycurent
ratiois3:1butquickratiois1:1.Thisindicatescomparably
a.highliquidity
b.higherstock
c.lowerstock
d.lowliquidity
426. Youareconsideringtwomutualyexclusiveinvestmentproposals,projectAand
projectB.B'sexpectedvalueofnetpresentvalueis$1,000lessthanthatforAandA
haslessdispersion.Onthebasisofriskandreturn,youwouldsaythat
a.ProjectAdominatesprojectB.
b.ProjectBdominatesprojectA.
c.ProjectAismoreriskyandshouldoffergreaterexpectedvalue.
d.Eachprojectishighononevariable,sothetwoarebasicalyequal.
427. Whatarethedifferentoptionsotherthancashusedfordistributingprofitsto
shareholders?
a.Bonusshares
b.Stocksplit
c.Stockpurchase
d.Alofthese
428. InWaltermodelformulaDstandsfor
a.Dividendpershare b.DirectDividend
c.DividendEarning
d.Noneofthese
429. Whentotalcurrentassetsexceedstotalcurentliabilitiesitrefersto.
a.GrossWorkingCapital
b.TemporaryWorkingCapital
c.Bothaandb
d.NetWorkingCapital
430. Iftheweightingofequityintotalcapitalis1/3,thatofdebtis2/3,thereturnon
equityis15%thatofdebtis10%andthecorporatetaxrateis32%,whatisthe
WeightedAverageCostofCapital(WACC)?
a.10.533%
b.7.533%
c.9.533%
d.11.350%
431. Whichofthefolowingwouldnotbefinancedfromworkingcapital?
a.Cashfloat.
50
b.Accountsreceivable.
c.Creditsales.
d.Anewpersonalcomputerfortheoffice.
432. Whatisthedifferencebetweenthecurentratioandthequickratio?
a.Thecurrentratioincludesinventoriesandthequickratiodoesnot.
b.Thecurrentratiodoesnotincludeinventoriesandthequickratiodoes.
c.Thecurrentratioincludesphysicalcapitalandthequickratiodoesnot.
d.Thecurrentratiodoesnotincludephysicalcapitalandthequickratiodoes.
433. Whichofthefolowingisnottheresponsibilityoffinancialmanagement?
a.alocationoffundstocurrentandcapitalassets
b.obtainingthebestmixoffinancingalternatives
c.preparationofthefirm'saccountingstatements
d.developmentofanappropriatedividendpolicy
434. BanksgeneralypreferDebtEquityRatioat:
a.1:1
b.1:3
c.2:1
d.3:1
435. Ifacompanyissuesbonussharesthedebtequityratiowil
a.Remainunaffected
b.Wilbeaffected
c.Wilimprove
d.noneoftheabove.
436. InthebalancesheetamountoftotalassetsisRs.10lac,currentliabilitiesRs.5
laccapital&reservesareRs.2lac.Whatisthedebtequityratio?
a.1;1
b.5:1
c.2:1
d.noneoftheabove.
437. Whichofthefolowingwouldbeincludedinacashestimation/budget?
a.depreciationcharges.
b.dividends.
c.goodwil.
d.patentamortization.
438. Whichofthefolowingwouldbeconsideredanapplicationoffunds?
a.adecreaseinaccountsreceivable.
b.adecreaseincash.
c.anincreaseinaccountpayable.
d.anincreaseincash.
439. AlofthefolowinginfluencecapitalbudgetingcashflowsEXCEPT:
a.accelerateddepreciation.
b.salvagevalue.
51
c.taxratechanges.
d.methodofprojectfinancingused.
440. Theestimatedbenefitsfromaprojectareexpressedascashflowsinsteadof
incomeflowsbecause:
a.itissimplertocalculatecashflowsthanincomeflows.
b.itiscash,notaccountingincome,thatiscentraltothefirm'scapitalbudgeting
decision.
c.thisisrequiredbytheInternalRevenueService.
d.thisisrequiredbytheSecuritiesandExchangeCommission.
441. Aprofitabilityindexof.85foraprojectmeansthat:
a.thepresentvalueofbenefitsis85%greaterthantheproject'scosts.
b.theproject'sNPVisgreaterthanzero.
c.theprojectreturns85centsinpresentvalueforeachcurentdolarinvested.
d.thepaybackperiodislessthanoneyear.
442. Aproject'sprofitabilityindexisequaltotheratiooftheofaproject'sfuturecash
flowstotheproject's.
a.presentvalue;initialcashoutlay
b.netpresentvalue;initialcashoutlay
c.presentvalue;depreciablebasis
d.netpresentvalue;depreciablebasis
443. ThediscountrateatwhichtwoprojectshaveidenticalisreferredtoasFisher's
rateofintersection.
a.presentvalues
b.netpresentvalues
c.IRRs
d.profitabilityindexes
444. Toincreaseagivenpresentvalue,thediscountrateshouldbeadjusted
a.upward.
b.downward.
c.Nochange.
d.constant
445. Whichofthefolowingwouldbeconsistentwithamoreaggressiveapproachto
financingworkingcapital?
a.Financingshort-termneedswithshort-termfunds.
b.Financingpermanentinventorybuildupwithlong-termdebt.
c.Financingseasonalneedswithshort-termfunds.
d.Financingsomelong-termneedswithshort-termfunds.
446. Whichasset-liabilitycombinationwouldmostlikelyresultinthefirm'shavingthe
greatestriskoftechnicalinsolvency?
a)Increasingcurrentassetswhileloweringcurentliabilities.
b)Increasingcurrentassetswhileincuringmorecurentliabilities.
c)Reducingcurentassets,increasingcurrentliabilities,andreducinglong-termdebt.
d)Replacingshort-termdebtwithequity.
52
447. _______________referstotheamountinvestedinvariouscomponentsofcurrent
assets.
a.Temporaryworkingcapital
b.Networkingcapital
c.Grossworkingcapital
d.Permanentworkingcapital
448. _______________referstoafirmholdingsomecashtomeetitsroutineexpenses
thatareincuredintheordinarycourseofbusiness.
a.Speculativemotive
b.Transactionmotive
c.Precautionarymotive
d.Compensatingmotive
449. CapitalManagement,Cashmanagement,Creditmanagementarethefunctions of
a.Treasurerb.Controlerc.botha&b d.Noneofthem
450. Costaccounting,preparationofbudgets,preparationoffinancialstatements,
forecastingandinternalcontrolarethefunctionsof
a.Treasurerb.Controlerc.BothA&B d.Noneofabove
451. Thevalueatsomefuturetimeofapresentamountofmoney,oraseriesof
payments,evaluatedatagiveninterestrateiscaled
452. Thecurrentvalueofafutureamountofmoney,oraseriesofpayments,
evaluatedatagiveninterestrateiscaled
453. Mr.AliwantstoknowhowlargehisdepositofRs.10,000todaywilbecomeata
compoundannualinterestrateof10%for5years.
454. Aseriesofequalpaymentsorreceiptsoccurringoveraspecifiednumberof
equidistantperiodsiscaled
455. Paymentsorreceiptsoccurattheendofeachperiodiscaled
a.OrdinaryAnnuityb.AnnuityDue c.BothA&B d.Annuity
456. Paymentsorreceiptsoccuratthebeginningofeachperiodiscaled
a.OrdinaryAnnuityb.AnnuityDue c.BothA&B d.Annuity
457. Theactualrateofinterestearned(paid)afteradjustingthenominalratefor
factorssuchasthenumberofcompoundingperiodsperyeariscaled
458. Atableshowingtherepaymentscheduleofinterestandprincipalnecessaryto
payoffaloanbymaturityiscaled
53
a.PresentValue b.FutureValue c.AmortizationSchedule d.Annuity
459. APersonisborrowingRs.10,000atacompoundannualinterestrateof12%.
Whatwilbetheannualinstalmentifannualpaymentsaremadefor5years?
460. Anordinaryannuitywhosepaymentsorreceiptscontinueforeveriscaled
461. A______________isanindexthatrelatestwoaccountingnumbersandisobtained
bydividingonenumberbytheother.
a.LiquidityRatiob.FinancialRatioc.LeverageRatiod.SolvencyRatio
462. ______________Indicatestheeffectivenessoftheinventorymanagementpractices
ofthefirm.
a.CurrentRatio
b.DebtorsTurnoverRatio
c.CreditorsTurnoverRatio
d.InventoryTurnoverRatio
463. _____________Indicatesthefirm’sprofitabilityaftertakingaccountofalexpenses
andincometaxes.
a.CurrentRatio
b.NetProfitRatio
c.LeverageRatio
d.DebttoEquityRatio
464. Thediscountratethatequatesthepresentvalueofthefuturenetcashflows
fromaninvestmentprojectwiththeprojectinitialcashoutflowiscaled
a.InternalRateofReturn
b.PaybackPeriod
c.NetPresentValue
d.ProfitabilityIndex
465. Thepresentvalueofaninvestmentprojectnetcashflowsminusprojectinitial
cashoutflowiscaled
a.InternalRateofReturn
b.PaybackPeriod
c.NetPresentValue
d.ProfitabilityIndex
466. Theratioofpresentvalueofprojectnetfuturecashflowstotheprojectinitial
cashoutflowsiscaled
54
a.InternalRateofReturn
b.PaybackPeriod
c.NetPresentValue
d.ProfitabilityIndex
467. Ifnetpresentvalueofaprojectinvestmentiszeroormore,thenprojectwil
a.Accepted
b.Rejected
c.NoneofAbove
d.BothA&B
468. InMurbahaagreement,thefinancermayappointagentwhich………………
a.Mustbecustomeritself
b.maybethecustomeritself
c.mustbethirdparty
d.mustbeseleritself.
469. Murbahacouldbeusedonlyforthepurchasingof…………………….
a.Freshassets
b.usedasset
c.oldassets
d.futuremadegoods
a.Murabaha
b.Salam
c.Muswama
d.Normalsale
471. Contractof…………doesn’tvalidfortheproductsthataremustbedeliveredatthe
spot.
a.Salam
b.Muswama
c.Murabah
d.Ijarah
472. …………isasimplesalethatweareusedinourdailyroutinelife.
55
a.Ijarah
b.Istisna
c.paralelsalam
d.Muswama
473. Saleofdebtis………………………
inShariah, a.Alowed
b.notalowed
c.alowedwithsomeconditions
d.notstrictlyalowed
a.IjarahFund
b.Mixedfund
c.equityfund
d.murbahafund
475. Murabahaisakindofsalewherethecertainprofitaddedtotheactualcostofthe
goodswhichis………………………………
a.hiddenfromthebuyer
b.knowbythebuyer
c.knowntotheseler
d.don’tknowanyone
ACCOUNTINGSPECIALIZATION
476. ___________meansthegeneralyacceptedaccountingprincipleunderwhichthe
valuationofstock-in-tradeisbasedonaweightedaveragecostofunitsonhand
a.Centralaveragemethod
b.Weightedaverage
c.Stockintrademethod
d.Averagecostmethod
477. __________meansthecostofmaterialsthatbecomeanintegralpartofthestock-
56
intrademanufacturedorproduced,orwhichareconsumedinthemanufacturing
orproductionprocess
a.fixedcost
b.productcost
c.directmaterialcost
d.stock-intrade
478. Theassetswhichcomeintoexistenceuponthehappeningofacertaineventare
caled?
a.Contingentassets
b.Fixedassets
c.Fictitiousassets
d.Quickassets
479. Paymentforfreightonrawmaterialpurchasediscaled
480. WhatfromthefolowingisNOTacurrentasset?
a.Patentrights b.Inventory c.Cash d.Trade
receivables
481. Depreciableamount=
a.Costofanasset+Residualvalue
b.Costofanasset–Residualvalue
c.Residualvalue–Costofanasset
d.Noneofthese
482. Accordingtotheconcept,expensesarematchwithrevenuetostudythe businessresults
484. Debitbalanceofcashbookisalsocaled
a.Favourable b.Unfavourable c.Credit d.Alofthese
balance balance balance
485. Acopyofcustomeraccountinthebankledgeriscaled
a.Balance b.Bank c.Deposit d.Withdrawal
statement statement statement statement
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sheets statement production requisitionform
Report
488. Weightedaveragecostperunitiscalculatedbywhichofthefolowingformula?
c.Investors
d.Aloftheabove
491. Whichofthefolowingisanexampleofanon-adjustingevent?
a. Saleofinventoryforlessthanitscaryingvalueshortlyafterthereportingperiod
b. Amountsreceivedinrespectofaninsuranceclaimbeingnegotiatedatthe
periodend
c. Destructionofamachinebyfireafterthereportingperiod
d. Bankruptcyofamajorcustomerwithabalanceowingattheperiodend
492. Aconstructioncontractinwhichthecontractorisreimbursedforpre-defined
costs,plusapercentageoftheseorafixedfeemark-up,iscaled…
a. Fixedpricecontract
b. Pre-definedcontract
c. Costpluscontract
d. Negotiatedcontract
493. Acontractinwhichthecontractoragreestoapre-determinedcontractprice,
whichinsomecasesissubjecttocostescalationclausesiscaleda…
a. Fixedpricecontract
b. Pre-definedcontract
c. Costpluscontract
d. Negotiatedcontract
494. Whichofthefolowingcostscannotbealocatedtoaconstructioncontractcost?
a. Materialusedinconstruction
b. Selingcosts
c. Rectificationwork
d. Designwork
496. Revenueandcostswhicharerecognizedaccordingtothestageofcompletionof
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acontractiscaledthe:
a. Estimatedvaluemethod
b. Percentageofcompletionmethod
c. Reliableestimatemethod
d. Costplusmethod
497. Contractrevenueismeasuredat____ofreceivedorreceivablerevenue
a. Fairvalue
b. Presentvalue
c. Cost
d. Amortizedvalue
498. Whichofthefolowingisnotacostrelatingtoaconstructioncontract?
a. Wagesforsitesupervisors
b. Costsofmachinerental
c. Depreciationofidlemachinery
d. Costsofmaterialsused
499. Thechangeinforecastedcontractrevenueorcostsis…
a. achangeinaccountingpolicy
b. achangeinaccountingestimate
c. aneror
d. Noneofthese
500. Afixedpricecontractisacontractinwhichthecontractoragreestoa…
a. Fixedcontractprice,butmustbeartheescalationcosts
b. Fixedcontractpricewhichmightbesubjecttoescalationcosts
c. Fixedrateperunitofoutputwhichisnotsubjecttoescalationcosts
d. Fixedrateperunitofoutputandbearsescalationcosts
501. Whichofthefolowingisnotamethodindeterminingthestageofcompletionof
aconstructioncontract?
a. Proportionofcontractcostsincured
b. Progresspaymentsreceived
c. Surveysofworkperformed
d. Physicalproportionofworkcompleted
502. Whenthecontractcostsarelikelytoexceedcontractrevenue,thenthelosses
shalberecognized…
a. Immediately
b. Withinthesameperiod
c. Withinthenextperiod
d. Whenthelossesareactualyincurred
503. Alocationofgeneraloverheadstoaconstructioncontractshouldbebasedon
____activitylevels.
a. Abnormal
b. Expected
c. Normal
d. Actual
504. Financeleasesareaccountedforinthebooksoflessorinasimilarmannerto
a. Credittransactions
b. Cashtransactions
c. Saleandleasebackagreements
d. Loanforgiveness
505. Inanoperatinglease,ifarebateisreceived,howshoulditberecordedinthe
financialstatements?
a. TreatasdeferedincomeandreleasetoP&Lovertheleaseterm
b. Recognizeimmediatelyasincome
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c. Deductfromthevalueoftheleasepayments
d. Ignore
506. Thepaymentovertheleasetermthelesseecanormustmakeiscaled…
a. Principal
b. Interest
c. Presentvaluepayments
d. Minimumleasepayments
507. Whenaleasetransferssubstantialyaltherisksandrewardsofownershipto
lessee,thisiscaled…
a. Afinancelease
b. Anoperatinglease
c. Abuy-to-letagreement
d. Arentalagreement
508. Whichofthefolowingisnotadisclosurerequirementforfinanceleases?
a. Caryingamountofasset
b. Marketvalueofasset
c. Generaldescriptionofsignificantleasingarrangements
d. Reconciliationbetweentotalminimumleasepaymentsandtheirpresentvalue
509. Aleasedassetshouldbedepreciatedoverthe…
a. Shorteroftheleasetermandtheasset’susefullife
b. Longeroftheleasetermandtheasset’susefullife
c. Entireleaseterm
d. Usefullifeoftheasset
510. Whichofthefolowingisnotanindicationaleaseisafinancelease?
a. Theleasetransfersownershipoftheassettothelesseeattheendofthelease
b. Theleasetermisforashortpartoftheeconomiclifeoftheasset
c. Theleasedassetsarespecialisedinnature
d. Thepresentvalueofminimumleasepaymentamountstosubstantialyalofthe
fairvalueoftheasset
511. Operatingleasesaremostly______agreements.
a. Longterm
b. Mediumterm
c. Shortterm
d. Verbal
512. Revenueofentityshalbemeasuredat:
a. Costofsales
b. FairValue
c. Costofproduction
d. MarketValue
513. ALimitedshipsgoodsbyseatoaforeigncompany,BLimited.Aspertheterms
ofthecontract,anylossordamagetothegoodsuntilitreachesthefactoryofB
LimitedshalbebornebyALimited.InthiscasewhendoesALimitedrecognize revenue?
a. WhenthegoodsleavethefactoryofALimited
b. WhenthegoodsreachthecountryinwhichBislocated
c. Whenthegoodsarepackedandreadyforsale
d. WhengoodsreachthefactoryofBLimited
514. Whentheoutcomeofthetransactioninvolvingtherenderingofservicescannot
beestimatedreliably,thenrevenueshal:
a. Notberecognized
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b. Recognizedtotheextentofexpensesrecognisedarerecoverable
c. Bedefered
d. Recognizedfulyirespectiveoftheoutcome
515. Inanagencytransaction:
a. Onlytherevenuefromsaleisrecognized
b. Revenuefromsalenetofcommissionisrecognized
c. Commissionisaddedtothesalevalueandthetotalisrecognized
d. Onlycommissionisrecognized
516. Whentheselerretainsanobligationforunsatisfactoryperformancenotcovered
bynormalwarranty:
a. Theyaresaidtohaveretainedinsignificantrisk
b. Theyaresaidtohaveretainedsignificantriskandrewardsofthesale
c. Theyaresaidtohavetransferredtheriskandrewardofsaletothebuyer
d. Theyaresaidtohavetransferredperformanceriskstothebuyer
517. Revenuefromsaleofgoodsisrecognizedwhen:
a. Thegoodshavebeendeliveredtothebuyer
b. Thecashhasbeenreceivedforthesaleofgoods
c. Thesignificantrisksandrewardsofownershiphavebeentransferedtothe buyer
d. Saleorderhasbeenreceived
518. Royaltiesshouldberecognisedon:
a. Cashbasis
b. Receiptbasis
c. Paymentbasis
d. Accrualbasis
519. Revenueaccruingtoanentityincludes:
a. Investmentcapitalflowingintoanentity
b. Grossinflowofeconomicbenefitsofordinaryactivities
c. Proceedsfromissueofstockandshares
d. Noneoftheabove
520. WhichofthefolowingsecuritiesdonotinfluencedilutedEPS?
a. Equitysharesnotentitledtodividend,butwhichmayinthefuture
b. Ordinarypreferenceshares
c. Convertibleloanstock
d. Shareoptions
521. Whichofthefolowingisnotanexampleofapotentialordinaryshare?
a. Standardpreferedshare
b. Convertiblepreferredshare
c. Sharewarants
d. Convertibledebt
522. WhichofthefolowingshouldbeadjustedwhencalculatingdilutiveEPS?
a. Preferencedividendspayableonconvertiblepreferenceshares
b. Interestpaidonconvertibledebt
c. Paymentstonon-discretionaryemployeeprofitsharingplans
d. Alofthese
523. BasicEPSiscalculatedusingthenetprofitoflossfortheperiodatributableto…
a. Ordinaryshareholders
b. Preferredshareholders
c. Debentureholders
d. Securedcreditors
524. WhereshouldbasicEPSbepresentedinthefinancialstatements?
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a. StatementofComprehensiveIncome
b. StatementofFinancialPosition
c. StatementofChangesinEquity
d. Notestothefinancialstatements
525. DilutedEPSshows
a. TheexpectedEPSifalsecuritieswithanequityinterest,exercisethose
interests
b. TheexpectedEPSifthesharepricefals
c. TheexpectedEPSifalloansaredischarged
d. TheexpectedEPSifequityoptionsandwarantsareredeemed
526. Ordinarysharesoutstandingduringtheperiodare
a. Basedontheoutstandingsharesinthepreviousperiod
b. Basedontheoutstandingsharesatthestartoftheperiod
c. Basedontheoutstandingsharesattheendoftheperiod
d. Theweightedaveragenumberofsharesoutstandingduringtheperiod
527. Acurentassetorliabilityisexpectedtoberecoveredorsetledwithin.
a. Threemonths
b. Sixmonths
c. Twelvemonths
d. Twentyfourmonths
528. Whichofthefolowingisacurentliability?
a. Bankoverdraft
b. Mortgage
c. Preferenceshares
d. Retainedearnings
529. WhichofthefolowingisnotacomponentofaStatementofFinancialPosition?
a. Non-currentassets
b. Inventories
c. Costofgoodssold
d. RetainedEarnings
530. Whichofthefolowingareexamplesofcurrentassets?
a. Motorvehicles
b. Prepayments
c. Sharepremium
d. Goodwil
531. Whatisthetermusedtodescribethetimebetweentheacquisitionofassetsfor
processingandtheirrealizationincashorcashequivalents?
a. Processingcycle
b. Turnover
c. Operatingcycle
d. Turnaround
532. Cashpaymentstoandonbehalfofemployeesisanexampleofcashflowsfrom
a. Operatingactivities
b. Financingactivities
c. Investingactivities
d. Noneofthese
533. Theprincipalrevenue-producingactivitiesofanentityarecaled…
a. Operatingactivities
b. Investingactivities
c. Financingactivities
d. Noneofthese
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