Management Notes

Reference Notes for Management

Which of the following is most crucial to a purchase department?

Which of the following is most crucial to a purchase department?

Which of the following is most crucial to a purchase department?

 Options:

a) Reducing the cost of acquisition
b) Selecting supplies
c) Authorizing the acquisition of goods
d) Assuring the quality of goods

The Correct Answer Is:

c) Authorizing the acquisition of goods

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The “Guidance Note on Revenue” issued by the ICAI does not deal with

The “Guidance Note on Revenue” issued by the ICAI does not deal with

The “Guidance Note on Revenue” issued by the ICAI does not deal with

 Options:

a) Sales revenue
b) Revenue rendering service
c) Revenue from sale of fixed assets
d) Income from interest, dividend

The Correct Answer Is:

c) Revenue from sale of fixed assets

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The income Tax Department has sent Mr. X double refund of advance tax. The Government Auditor detected this while conducting

The income Tax Department has sent Mr. X double refund of advance tax. The Government Auditor detected this while conducting

The income Tax Department has sent Mr. X double refund of advance tax. The Government Auditor detected this while conducting

 Options:

a) audit of expenditure
b) performance audit
c) audit of stores and stock
d) audit of receipts

The Correct Answer Is:

d) audit of receipts

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If in the above question the inventory consisted of about ten per cent of total assets other conditions remaining same the auditor should issue __

If in the above question the inventory consisted of about ten per cent of total assets other conditions remaining same the auditor should issue __

If in the above question the inventory consisted of about ten per cent of total assets other conditions remaining same the auditor should issue __

 Options:

a) unqualified opinion
b) qualified opinion
c) disclaimer of opinion
d) adverse opinion

The Correct Answer Is:

c) disclaimer of opinion

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The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by__

 Options:

a) the C & AG
b) the shareholders
c) the shareholders at an annual general meeting
d) the board of directors

The Correct Answer Is:

b) the shareholders

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A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of _

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of _

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of _

 Options:

a) Error of omission
b) Error of commission
c) Compensating error
d) Error of principle

The Correct Answer Is:

b) Error of commission

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A rehabilitation benefit is intended to

A rehabilitation benefit is intended to

A rehabilitation benefit is intended to

 Options:

a) prepare the insured to return to employment
b) minimize the insurer’s liability
c) give the insured time to find a new career
d) increase the overall benefits given to the insured

The Correct Answer Is:

a) prepare the insured to return to employment

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Which statement about a whole life policy is true?

Which statement about a whole life policy is true?

Which statement about a whole life policy is true?

 Options:

  1. Beneficiary may be charged only with the consent of the premium payor
  2. Death benefit can usually be adjusted
  3. Cash value may be borrowed against
  4. Premiums are flexible

The Correct Answer Is:

c. Cash value may be borrowed against

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_________ is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

_________ is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

_________ is the study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

 Options:

A. Target marketing
B. Psychographic segmentation
C. Product Differentiation
D. Consumer behavior

The Correct Answer Is:

D. Consumer behavior

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