Adda247 Commerce Class 12
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On what basis are financial statements prepared?
Anonymous Quiz
28%
Market prices
57%
Recorded facts
11%
Personal opinions
4%
Creative imagination
❀1
Which postulates form the basis for preparing financial statements?
Anonymous Quiz
4%
Hypothetical assumptions
10%
Imaginary assumptions
83%
Going concern, money measurement, realisation
3%
Public opinion
What is the main purpose of Schedule III to the Companies Act, 2013?
Anonymous Quiz
0%
To confuse parties
27%
To simplify practices
7%
To facilitate creativity
66%
To prescribe a standard format
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Everyone wants to do everything at once…but only the consistent one wins πŸ†Choose focus over chaos.

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Wishing you a blessed Guru Nanak Jayanti filled with joy, peace, and divine guidance.

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According to AICPA, how are financial statements described?
Anonymous Quiz
5%
Artistic creations
50%
Periodical reviews
44%
Legal documents
1%
Fictional stories
❀2
Just start, the path will make itself clear.

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Jane, a manager, notices that one of her team members, Mike, is not performing to his potential despite having the ability. To understand and address this issue, Jane should primarily focus on:
Anonymous Quiz
16%
Setting higher performance targets for Mike
67%
Understanding Mike's motives and needs
9%
Transferring Mike to another department
8%
Implementing stricter monitoring of Mike's work
Tom, a supervisor, is dealing with a team member who consistently misses deadlines. Tom decides to use negative motivation by warning of a possible suspension. This approach is an example of:
Anonymous Quiz
59%
Negative motivation
19%
Goal setting
13%
Positive reinforcement
9%
Internal motivation
In an attempt to boost productivity, a manager implements a policy where top performers can choose their next project. This policy is primarily aimed at satisfying which type of need among employees?
Anonymous Quiz
38%
Physiological needs
20%
Security needs
12%
Social needs
30%
Esteem needs
Rebuilding yourself is never easy, but it’s worth it πŸ’ͺ

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What is the highest level of need in Maslow’s Need Hierarchy?
Anonymous Quiz
23%
Esteem Needs
23%
Affiliation/Belonging Needs
7%
Safety/Security Needs
48%
Self Actualization Needs
A manager notices that an employee, who was previously enthusiastic, has become indifferent and less productive. According to Maslow, the manager should first:
Anonymous Quiz
10%
Offer a salary raise to the employee
49%
Check if basic needs like job security are being met
22%
Immediately assign the employee to more challenging tasks
19%
Provide opportunities for social interactions at work
❀1
A manager uses praise and recognition to motivate his team. According to Maslow, these actions primarily satisfy which type of needs?
Anonymous Quiz
35%
Affiliation/Belonging Needs
34%
Esteem Needs
16%
Safety/Security Needs
15%
Self Actualization Needs