Management Notes

Reference Notes for Management

Financial auditor is not concerned with propriety of business transactions. However, the exceptions to this rule are contained for audit of limited companies in_

Financial auditor is not concerned with propriety of business transactions. However, the exceptions to this rule are contained for audit of limited companies in_

Financial auditor is not concerned with propriety of business transactions. However, the exceptions to this rule are contained for audit of limited companies in_

 Options:

a) Section 227 (IA) of the Companies Act, 1956
b) Section 227 (IA) and section 227(4A) of the Act
c) CARO, 2003
d) Section 227 (IA) and CARO, 2003

The Correct Answer Is:

d) Section 227 (IA) and CARO, 2003

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The use of an audit engagement letter is the best method of assuring the auditor will have which of the following?

The use of an audit engagement letter is the best method of assuring the auditor will have which of the following?

The use of an audit engagement letter is the best method of assuring the auditor will have which of the following?

 Options:

a) Auditor will obtain sufficient appropriate audit evidence.
b) Management representation letter
c) Access to all books, accounts and vouchers required for audit purpose
d) Cooperation from other auditors

The Correct Answer Is:

c) Access to all books, accounts and vouchers required for audit purpose

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P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. What type of policy should P purchase?

P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. What type of policy should P purchase?

P is looking to purchase a life insurance policy that will pay a stated monthly income to his beneficiaries for 20 years after he dies and a lump sum of $20,000 at the end of that 20 year period. What type of policy should P purchase?

 Options:

  1. Family Benefit policy
  2. Family Maintenance policy
  3. Family Income policy
  4. Family Survivor policy

The Correct Answer Is:

b. Family Maintenance policy

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K purchased a Life insurance policy in 1986 which paid 10% interest in the early years of the policy. Twenty years after the purchase, she received a notice from the insurer stating that the policy will soon terminate unless a much-higher premium is paid because of falling interest rates. This type of policy is known as a(n) __________ policy.

K purchased a Life insurance policy in 1986 which paid 10% interest in the early years of the policy. Twenty years after the purchase, she received a notice from the insurer stating that the policy will soon terminate unless a much-higher premium is paid because of falling interest rates. This type of policy is known as a(n) __________ policy.

K purchased a Life insurance policy in 1986 which paid 10% interest in the early years of the policy. Twenty years after the purchase, she received a notice from the insurer stating that the policy will soon terminate unless a much-higher premium is paid because of falling interest rates. This type of policy is known as a(n) __________ policy.

 Options:

  1. Whole
  2. Universal
  3. Graded
  4. Increasing

The Correct Answer Is:

b. Universal

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Whole Life Insurance policies are contractually guaranteed to provide each of the following, EXCEPT:

Whole Life Insurance policies are contractually guaranteed to provide each of the following, EXCEPT:

Whole Life Insurance policies are contractually guaranteed to provide each of the following, EXCEPT:

 Options:

  1. cash value that will ultimately replace the death benefit
  2. nonforfeiture benefit options
  3. premiums that remain fixed for the life of the policy
  4. partial withdrawal features beyond a surrender charge period

The Correct Answer Is:

d. partial withdrawal features beyond a surrender charge period

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The print medium continues to rely heavily on CPM to determine scheduling. What is CPM?

The print medium continues to rely heavily on CPM to determine scheduling. What is CPM?

The print medium continues to rely heavily on CPM to determine scheduling. What is CPM?

 Options:

A. A percentage of impressions that results in a click
B. A percentage of households tuned to TV
C. The relative average cost to reach one thousand people
D. A payment received for each action

The Correct Answer Is:

C. The relative average cost to reach one thousand people

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Brand management came into being for which of the following reasons:

Brand management came into being for which of the following reasons:

Brand management came into being for which of the following reasons:

 Options:

A. Companies wanted to achieve scale economies.
B. It supplemented financial management practices
C. It suited production and operations personnel
D. Companies wanted to differentiate their products and highlight distinctions in a competitive environment.

The Correct Answer Is:

D. Companies wanted to differentiate their products and highlight distinctions in a competitive environment.

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When it comes to media and technology, a functionalist would focus on:

a. the symbols created and reproduced by the media b. the association of technology and technological skill with men c. the way that various forms of media socialize users d. the digital divide between the technological haves and have-nots

When it comes to media and technology, a functionalist would focus on:

 Options:

a. the symbols created and reproduced by the media
b. the association of technology and technological skill with men
c. the way that various forms of media socialize users
d. the digital divide between the technological haves and have-nots

The Correct Answer Is:

c. the way that various forms of media socialize users

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What is a disadvantage of the National Crime Victimization Survey (NCVS)?

. What is a disadvantage of the National Crime Victimization Survey (NCVS)?

What is a disadvantage of the National Crime Victimization Survey (NCVS)?

 Options:

a. The NCVS doesn’t include demographic data, such as age or gender.
b. The NCVS may be unable to reach important groups, such as those without phones.
c. The NCVS doesn’t address the relationship between the criminal

The Correct Answer Is:

b. The NCVS may be unable to reach important groups, such as those without phones.

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Which materials are considered secondary data?

Which materials are considered secondary data?

Which materials are considered secondary data?

 Options:

a. Photos and letters given to you by another person
b. Books and articles written by other authors about their studies
c. Information that you have gathered and now have included in your results
d. Responses from participants whom you both surveyed and interviewed

The Correct Answer Is:

b. Books and articles written by other authors about their studies

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When utilizing the percentage of sales approach managers

When utilizing the percentage of sales approach managers

When utilizing the percentage of sales approach managers

 Options:

A. Estimate company sales based on a desired level of net income and the current profit margin.
B. Consider only those assets that vary directly with sales.
C. Consider the current production capacity level.
D. Can project both net income and net cash flows.
E. Both C and D.

The Correct Answer Is:

E. Both C and D.

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