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Q30
____________ involves outlining a vision of what can be achieved, focusing on interpersonal relations by communicating with each employee, and motivating and inspiring people to perform better.
Anonymous Poll
12%
(a) Organizing
36%
(b) Directing
7%
(c) Controlling
44%
(d) Leading
Q32
Mr. Anand buys goods of Rs. 2,50,000 paying cash Rs. 2,00,000. What is the amount of expense as per the accrual concept?
Anonymous Poll
53%
(a) Rs. 2,50,000
19%
(b) Rs. 2,00,000
24%
(c) Rs. 50,000
4%
(d) Nil
Q33
Which of the following are the advantages of Sole proprietorship –
Anonymous Poll
2%
(a) Better control
5%
(b) Quick decision
4%
(c) Easy to form and Shut
90%
(d) All of the above
Q34
Which of the following word did Luther Gulick coin using the initial letters of management functions:
Anonymous Poll
3%
(a) POSBRD
13%
(b) POSDROCB
79%
(c) POSDCORB
5%
(d) None of the above
Q35
An increase in consumer income will increase demand for a _______ but decrease demand for a _________
Anonymous Poll
16%
(a) substitute good, inferior good
66%
(b) normal good, inferior good
12%
(c) inferior good, normal good
7%
(d) normal good, complementary good
Q36
Profit or loss on revaluation of assets and liabilities at the time of admission of partner, is shared among the partners in _______ ratio
Anonymous Poll
76%
(a) Old Profit Sharing
18%
(b) New Profit Sharing
5%
(c) Capital
1%
(d) Equal
Q37
The affairs of the business is managed by head of the family known as Karta in-
Anonymous Poll
96%
(a) Hindu Undivided Family
2%
(b) Partnership firm
1%
(c) Company
1%
(d) Cooperative society
Q38
_______ involve the ability to see the organisation as a whole, understand how the different parts affect each other and recognize how the company fits into or is affected by its environment.
Anonymous Poll
5%
(a) Technical skills
39%
(b) Conceptual skills
19%
(c) Analytical skills
38%
(d) Management Skills
Q40
Which types of error do not affect matching of trial balance, except
Anonymous Poll
30%
(a) Compensating errors
25%
(b) Errors of complete omission
32%
(c) Errors of partial omission
13%
(d) Errors of principle