Management Notes

Reference Notes for Management

Entrepreneurial culture and growth orientation consists of all of the following except:

Entrepreneurial culture and growth orientation consists of all of the following except:

Entrepreneurial culture and growth orientation consists of all of the following except:

 Options:

A. Encouraging employees to generate ideas
B. Focusing on opportunities.
C. The desire to grow at a slow and controlled pace.
D. Being creative.

The Correct Answer Is:

C. The desire to grow at a slow and controlled pace.

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In case of vouching the auditor is least likely to examine authorization by appropriate authority in case of –

In case of vouching the auditor is least likely to examine authorization by appropriate authority in case of –

In case of vouching the auditor is least likely to examine authorization by appropriate authority in case of –

 Options:

a) bad bads written off
b) sales return
c) purchase return
d) discount allowed to customers as per organizational policy

The Correct Answer Is:

d) discount allowed to customers as per organizational policy

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In case of unclaimed wages the auditor should examine whether-

In case of unclaimed wages the auditor should examine whether-

In case of unclaimed wages the auditor should examine whether-

 Options:

a) the amount has been deposited in a separate bank account
b) deposited with the cashier
c) held in a safe deposit box
d) All of these

The Correct Answer Is:

a) the amount has been deposited in a separate bank account

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Who among the following is eligible to be appointed as an audit of Government Company?

Who among the following is eligible to be appointed as an audit of Government Company?

Who among the following is eligible to be appointed as an audit of Government Company?

 Options:

a) A chartered accountant in practice
b) A chartered accountant whether in practice or not
c) An auditor appointed by the C & AG
d) Any of the above

The Correct Answer Is:

a) A chartered accountant in practice

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A statutory auditor has a right of access at all times to

A statutory auditor has a right of access at all times to

A statutory auditor has a right of access at all times to

 Options:

a) Books and accounts of a company
b) Books, accounts and documents of the company
c) Books, accounts and vouchers of the company
d) Notices and documents of the company

The Correct Answer Is:

c) Books, accounts and vouchers of the company

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Analytical procedures issued in the planning stage of an audit, generally

Analytical procedures issued in the planning stage of an audit, generally

Analytical procedures issued in the planning stage of an audit, generally

 Options:

a) helps to determine the nature, timing and extent of other audit procedures
b) directs attention to potential risk areas
c) indicates important aspects of business
d) All of the above

The Correct Answer Is:

d) All of the above

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The risk of management fraud increases in the presence of :

The risk of management fraud increases in the presence of :

The risk of management fraud increases in the presence of :

 Options:

a) Frequent changes in supplies
b) Improved internal control system
c) Substantial increases in sales
d) Management incentive system based on sales done in a quarter

The Correct Answer Is:

d) Management incentive system based on sales done in a quarter

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Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this?

 Options:

  1. Guaranteed insurability rider
  2. Additional coverage rider
  3. Paid-up option rider
  4. Extended insurability rider

The Correct Answer Is:

a. Guaranteed insurability rider

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Term Life Policies that have the ability to be converted to permanent coverage may do so during a specific time period. This conversion period:

Term Life Policies that have the ability to be converted to permanent coverage may do so during a specific time period. This conversion period:

Term Life Policies that have the ability to be converted to permanent coverage may do so during a specific time period. This conversion period:

 Options:

  1. may be altered by the policyowner
  2. is controlled by the NAIC
  3. is the same in all contracts
  4. varies according to the contract

The Correct Answer Is:

d. varies according to the contract

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Key performance indicators which companies set and measure their progress towards in order to determine whether or not they have improved or maintained their performance over a given period of time are referred to as:

Key performance indicators which companies set and measure their progress towards in order to determine whether or not they have improved or maintained their performance over a given period of time are referred to as:

Key performance indicators which companies set and measure their progress towards in order to determine whether or not they have improved or maintained their performance over a given period of time are referred to as:

 Options:

A. Marketing implementation
B. Marketing program
C. Budgeting
D. Marketing Metrics

The Correct Answer Is:

D. Marketing Metrics

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While defining the industry during the analysis brand managers must consider

While defining the industry during the analysis brand managers must consider

While defining the industry during the analysis brand managers must consider

 Options:

A. The range of products and services offered by the industry
B. A picture of the geographic scope of the industry
C. Both of the given options
D. None of the given options

The Correct Answer Is:

C. Both of the given options

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The movie Babel featured an international cast and was filmed on location in various nations. When it screened in theaters worldwide, it introduced a number of ideas and philosophies about crosscultural connections. This might be an example of:

The movie Babel featured an international cast and was filmed on location in various nations. When it screened in theaters worldwide, it introduced a number of ideas and philosophies about crosscultural connections. This might be an example of:

The movie Babel featured an international cast and was filmed on location in various nations. When it screened in theaters worldwide, it introduced a number of ideas and philosophies about cross-cultural connections. This might be an example of:

 Options:

a. technology
b. conglomerating
c. symbolic interaction
d. media globalization

The Correct Answer Is:

d. media globalization

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