BS14 Archives - Management Notes

According to the text, current research indicates that creative problem solving

November 21, 2023October 10, 2022 by Smirti

According to the text, current research indicates that creative problem solving

Options:

a) draws on heuristics and analogies in the same way as does ordinary problem solving.
b) requires unconscious work that goes on after one has consciously put the problem to the side.
c) draws on mental processes that are distinct from the processes relevant to more ordinary problem solving.
d) depends on divergent thinking.

The Correct Answer Is:

a) draws on heuristics and analogies in the same way as does ordinary problem solving.

Research on obesity and weight control indicates that

November 21, 2023October 10, 2022 by Smirti

Research on obesity and weight control indicates that

Options:

a) when an obese person has lost weight, a diet and exercise program are no longer necessary for maintaining the lower weight
b) fat tissue is maintained by fewer calories than is lean tissue
c) overweight people typically suffer from a lack of willpower and self discipline
d) the settling point for out body weight increases after people complete weight loss diets

The Correct Answer Is:

b) fat tissue is maintained by fewer calories than is lean tissue

Which of the following is not true of project management structures?

November 22, 2023October 3, 2022 by Smirti

Which of the following is not true of project management structures?

Options:

A) They provide a framework for launching and implementing projects.
B) They appropriately balance the needs of both the parent organization and the project.
C) In selecting a management structure, the culture of the organization is not a huge consideration.
D) The project itself should be considered when determining which structure is best.
E) They help determine who has most authority in regard to managing the project.

The Correct Answer Is:

C) In selecting a management structure, the culture of the organization is not a huge consideration.

In Continuous manufacturing system, we need:

November 22, 2023October 1, 2022 by Smirti Bam

^{In Continuous manufacturing system, we need:}

Options:

A. General purpose machines and Skilled labours
B. Special machine tools and highly skilled labours
C. Semi automatic machines and unskilled labours
D. General purpose machines and unskilled labours.

The Correct Answer Is:

B. Special machine tools and highly skilled labours

Concerning a government’s trade policy all of the following generally apply except

November 22, 2023September 29, 2022 by Smirti Bam

Concerning a government’s trade policy all of the following generally apply except

Options:

a. economic downturn and recession generally result in greater protectionism
b. because domestic consumers outnumber domestic producers, policy makers usually enact Free-trade policies to satisfy the consumer majority
c. when domestic exporting companies are organized, policy tends to favor freer trade
d. policy tends to favor freer trade in countries whose imports are inputs into critical
industries

The Correct Answer Is:

b. because domestic consumers outnumber domestic producers, policy makers usually enact Free-trade policies to satisfy the consumer majority

If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos

November 22, 2023September 29, 2022 by Smirti Bam

If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos

Options:

a. the price of autos within the nation will rise by 10 percent
b. the price of autos within the nation will rise by less than 10 percent
c. the price of autos within the nation will rise by more than 10 percent
d. the price of autos will not rise because of internal competition

The Correct Answer Is:

a. the price of autos within the nation will rise by 10 percent

Intra-industry trade theory

November 22, 2023September 29, 2022 by Smirti Bam

Intra-industry trade theory

Options:

a. explains why the United States might export autos and import clothing
b. explains why the United States might export and import differentiated versions of the same product, such as different types of autos
c. assumes that transport costs are very low or do not exist
d. ignores seasonal considerations for agricultural goods

The Correct Answer Is:

b. explains why the United States might export and import differentiated versions of the same product, such as different types of autos

The distinction between an “entrepreneur” and “small business owner” , if made, revolves around:

November 22, 2023September 28, 2022 by Smirti Bam

The distinction between an “entrepreneur” and “small business owner” , if made, revolves around:

Options:

A. really nothing; they are truly one and the same
B. the Small Business Administration definitions
C. whether the business is an Internet based one or not
D. the risk taking or re-invention of a business vs. someone who “simply” starts a business or buys an existing one

The Correct Answer Is:

B. the Small Business Administration definitions

Vendors should be approved by Management before purchase department executes an order. If this is not done then which of the following situations may arise-

November 22, 2023September 27, 2022 by Smirti Bam

Vendors should be approved by Management before purchase department executes an order. If this is not done then which of the following situations may arise-

Options:

a) purchases could be made from vendors whose product quality may not be good
b) Purchases may be made from related parties without management’s knowledge
c) Purchases could be made from vendors who may have offered price to vice-president purchases
d) Any of these

The Correct Answer Is:

d) Any of these

While vouching wages auditor should examine whether there is proper segregation of duties. Which of the following activities should not be done by same department?

January 8, 2024September 27, 2022 by Smirti Bam

While vouching wages auditor should examine whether there is proper segregation of duties. Which of the following activities should not be done by same department?

Options:

a) Maintaining personnel records and approving changing in wages rates
b) Proposing pay roll summary and disbursement of wages
c) Making salary statements and filing tax returns
d) Comparing time clock records with time reports prepared by supervisors and preparing

The Correct Answer Is:

b) Proposing pay roll summary and disbursement of wages

Which of the following would prevent double payment of the same voucher?

November 22, 2023September 27, 2022 by Smirti Bam

Which of the following would prevent double payment of the same voucher?

Options:

a) The person signing the cheque should cancel the supporting documents
b) Cheques should be signed by at best two persons
c) The data of payment of vouchers of similar nature should be the same or close to each other
d) All of the above

The Correct Answer Is:

a) The person signing the cheque should cancel the supporting documents

Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

November 23, 2023September 27, 2022 by Smirti Bam

Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

Options:

a) Such powers have been conferred upon it by section 224(3)
b) If a company fails to appoint an auditor at a general meeting
c) If an auditor refuses to accept appointment, the powers of the Central Government can be exercised.
d) None of the above

The Correct Answer Is:

b) If a company fails to appoint an auditor at a general meeting

According to the text, current research indicates that creative problem solving

The Correct Answer Is:

Research on obesity and weight control indicates that

The Correct Answer Is:

Which of the following is not true of project management structures?

The Correct Answer Is:

In Continuous manufacturing system, we need:

The Correct Answer Is:

Concerning a government’s trade policy all of the following generally apply except

The Correct Answer Is:

If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos

The Correct Answer Is:

Intra-industry trade theory

The Correct Answer Is:

The distinction between an “entrepreneur” and “small business owner” , if made, revolves around:

The Correct Answer Is:

Vendors should be approved by Management before purchase department executes an order. If this is not done then which of the following situations may arise-

The Correct Answer Is:

While vouching wages auditor should examine whether there is proper segregation of duties. Which of the following activities should not be done by same department?

The Correct Answer Is:

Which of the following would prevent double payment of the same voucher?

The Correct Answer Is:

Which of the following statement is not true regarding appointment of statutory auditor by the Central Government?

The Correct Answer Is:

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