Management Notes

Reference Notes for Management

In A Competitive Market, Perceived Value Is Determined By Consumers Mostly

In A Competitive Market, Perceived Value Is Determined By Consumers Mostly

In A Competitive Market, Perceived Value Is Determined By Consumers Mostly

 Options:

A. by quantitative analysis of brand personalities.
B. in relationship to the value of competitors’ offerings.
C. by weighing primary versus secondary benefits.
D. by trying out different products.
E. through brand association and brand licensing.

The Correct Answer Is:

B. in relationship to the value of competitors’ offerings.

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What does research suggest about the comparative effectiveness of psychotherapeutic techniques?

What does research suggest about the comparative effectiveness of psychotherapeutic techniques?

What does research suggest about the comparative effectiveness of psychotherapeutic techniques?

 Options:

A) A meta-analysis suggests that psychodynamic psychoanalysis is the least effective approach.
B) Data regarding the comparative effectiveness of psychotherapeutic techniques is unavailable.
C) No studies have found one psychotherapeutic approach more effective than another.
D) Research shows that cognitive-behavioral therapy is the most effective approach.

The Correct Answer Is:

C) No studies have found one psychotherapeutic approach more effective than another.

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If a tariff and import quota lead to equivalent increases in the domestic price of steel then:

If a tariff and import quota lead to equivalent increases in the domestic price of steel then:

If a tariff and import quota lead to equivalent increases in the domestic price of steel then:

 Options:

a. the quota results in efficiency reductions but the tariff does not
b. the tariff results in efficiency reductions but the quota does not
c. they have identical impacts on how much is produced and consumed
d. they have identical impacts on how income is distributed

The Correct Answer Is:

c. they have identical impacts on how much is produced and consumed

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If a nation fitting the criteria for the large nation model imposes an import tariff

If a nation fitting the criteria for the large nation model imposes an import tariff

If a nation fitting the criteria for the large nation model imposes an import tariff

 Options:

a. the domestic price of the product will increase by more than the tariff itself
b. the domestic price of the product will increase by the same amount as the tariff
c. the domestic price of the product will increase by less than the tariff
d. none of the above

The Correct Answer Is:

c. the domestic price of the product will increase by less than the tariff

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One of the predictions of the Heckscher-Ohlin model is that:

One of the predictions of the Heckscher-Ohlin model is that:

One of the predictions of the Heckscher-Ohlin model is that:

 Options:

a. countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other.
b. countries will tend to specialize, but not completely, in their comparative advantage good.
c. reciprocal demand leads to an equilibrium terms of trade by inducing changes in both demand and supply.
d. all of the above.

The Correct Answer Is:

d. all of the above.

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The trade model of the Swedish economists Heckscher and Ohlin maintains that:

The trade model of the Swedish economists Heckscher and Ohlin maintains that:

The trade model of the Swedish economists Heckscher and Ohlin maintains that:

 Options:

a. Absolute advantage determines the distribution of the gains from trade.
b. Comparative advantage determines the distribution of the gains from trade.
c. The division of labor is limited by the size of the world market.
d. A country exports goods for which its resource endowments are most suited.

The Correct Answer Is:

d. A country exports goods for which its resource endowments are most suited.

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What is the role of a Business Ange?

What is the role of a Business Ange?

What is the role of a Business Ange?

 Options:

A. To provide small business advice.
B. To provide capital for business development in exchange for a stake in the Business ownership.
C. To set up a franchise business.
D. To assist an entrepreneur to open a lifestyle business.

The Correct Answer Is:

B. To provide capital for business development in exchange for a stake in the Business ownership.

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All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:

All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:

All of the following are suitable questions to ascertain Product/Service Desirability EXCEPT:

 Options:

A. Does it make sense?
B. Is the product or service financially feasible?
C. Is this a good time to introduce the product or service in the market?
D. Are there any fatal flaws in the product or service’s basic design or concept?

The Correct Answer Is:

B. Is the product or service financially feasible?

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While vouching how will the auditor ensure himself that all credit sales transactions have been recorded by the entity?

While vouching how will the auditor ensure himself that all credit sales transactions have been recorded by the entity?

While vouching how will the auditor ensure himself that all credit sales transactions have been recorded by the entity?

 Options:

a) Examining cut-off points
b) Matching entries in the sales book against renumbered sales invoices and goods outward notes
c) Counting the number of invoices and matching the number with entries on sales book
d) Both (a) and (b)

The Correct Answer Is:

d) Both (a) and (b)

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The C & AG some years ago gave adverse comments on expenditure incurred on buying coffins for soldiers killed in a war. In his opinion the coffins cases imported could have been replace with less expensive domestically produced ones. This is an aspect of –

The C & AG some years ago gave adverse comments on expenditure incurred on buying coffins for soldiers killed in a war. In his opinion the coffins cases imported could have been replace with less expensive domestically produced ones. This is an aspect of –

The C & AG some years ago gave adverse comments on expenditure incurred on buying coffins for soldiers killed in a war. In his opinion the coffins cases imported could have been replace with less expensive domestically produced ones. This is an aspect of –

 Options:

a) Audit of sanctions
b) Audit of stores and stocks
c) Propriety audit
d) Both (b) and (c)

The Correct Answer Is:

d) Both (b) and (c)

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If any director is disqualified from being appointed under section 274(1) (g) the auditor should mention this fact in his audit report. For this purpose how does he determine their eligibility :

If any director is disqualified from being appointed under section 274(1) (g) the auditor should mention this fact in his audit report. For this purpose how does he determine their eligibility :

If any director is disqualified from being appointed under section 274(1) (g) the auditor should mention this fact in his audit report. For this purpose how does he determine their eligibility :

 Options:

a) He obtains a representation from each director
b) He obtains a management representation
c) He enquiries from Registrar of Companies
d) Any one of the above

The Correct Answer Is:

a) He obtains a representation from each director

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Which of the following statements is not correct regarding removal of first auditor before expiry of the term?

Which of the following statements is not correct regarding removal of first auditor before expiry of the term?

Which of the following statements is not correct regarding removal of first auditor before expiry of the term?

 Options:

a) He is removed at a general meeting
b) The shareholders are authorized to do so
c) The approval of the Central Government is required for such removal
d) The provisions for such removal are contained in section 224(7)

The Correct Answer Is:

c) The approval of the Central Government is required for such removal

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