McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
| 101. |
Cost Audit is comprised in which of the following steps? |
| A. | Verification, Review, Reporting |
| B. | Planning, Review, Reporting |
| C. | Review, Verification, Reporting |
| D. | Planning, Conducting, Reporting |
| Answer» C. Review, Verification, Reporting | |
| 102. |
The financial statements of the company shall be authenticated by |
| A. | Chief executive officers even he is not the director |
| B. | Chief financial officer only if he is director. |
| C. | Chairperson only if he is authorized by the board. |
| D. | Statutory Body |
| Answer» C. Chairperson only if he is authorized by the board. | |
| 103. |
The compares the dollar return generated by the firm to the return expected by the investors of the capital invested by them in the firm. |
| A. | EBIT |
| B. | EVA |
| C. | ROI |
| D. | DuPont Chart |
| Answer» B. EVA | |
| 104. |
Which one of the following is a ‘lag’ performance indicator |
| A. | Number of training hours per employee |
| B. | Return on capital employed |
| C. | Number of complaints received from customers |
| D. | Output per employee |
| Answer» B. Return on capital employed | |
| 105. |
Economic Value Addition was developed by |
| A. | Stern & Stewart |
| B. | Peter Drucker |
| C. | Koontz & O'Donnel |
| D. | Anthony & Govindrajan |
| Answer» A. Stern & Stewart | |
| 106. |
The Tata Group of Industries have modified and internalised the Baldridge Criteria and is known as the |
| A. | Porter Prize for Excellence |
| B. | Jamsetji Tata Award |
| C. | Tata Business Excellence Model (TBEM) |
| D. | Annual Awards of Business Excellence (AABE) |
| Answer» C. Tata Business Excellence Model (TBEM) | |
| 107. |
Which of the following pair about Paradigm Shifts in the contemporary Business Environment is incorrect? |
| A. | Control to Decontrol |
| B. | Competition to Opening Up |
| C. | Production to Marketing |
| D. | Volume to Profit |
| Answer» B. Competition to Opening Up | |
| 108. |
Intangible benefits in capital budgeting would include all of the following except increased …..….. |
| A. | Product quality |
| B. | Employee loyalty |
| C. | Salvage value |
| D. | Product safety |
| Answer» C. Salvage value | |
| 109. |
Which of the following is not typical cash flow related to equipment purchase and replacement decision? |
| A. | Increase operating costs |
| B. | Overhaul of equipment |
| C. | Salvage value of equipment when project is complete |
| D. | Depreciation expense |
| Answer» D. Depreciation expense | |
| 110. |
As per the RBI Internationals Banks have to maintain a Capital Adequacy Ratio of |
| A. | 8% |
| B. | 9% |
| C. | 12% |
| D. | 10% |
| Answer» B. 9% | |
| 111. |
Which of the following is not a part of loan assets classification |
| A. | Standard Assets |
| B. | Earning Assets |
| C. | Loss Assets |
| D. | Doubtful Assets |
| Answer» B. Earning Assets | |
| 112. |
Earliest finish time can be regarded as |
| A. | Earliest start time + duration of activity |
| B. | Earliest start time duration of activity |
| C. | Latest finish time + duration of activity |
| D. | Latest finish time duration of activity |
| Answer» A. Earliest start time + duration of activity | |
| 113. |
The first use of the term “Social Audit” is generally attributed to ……………… |
| A. | Peter Drucker |
| B. | George Coyder |
| C. | Charles Medawar |
| D. | Amartya Sen |
| Answer» B. George Coyder | |
| 114. |
The stipulations as regards maintenance of accounts of / by NGOs / NPOs are stipulated by which of the following? |
| A. | The Societies Registration Act |
| B. | The Public Trust Act |
| C. | The Companies Act |
| D. | The Indian Trust Act |
| Answer» D. The Indian Trust Act | |
| 115. |
PERT is based on the assumption that an activity's duration follows |
| A. | Binomial Distribution |
| B. | Probability Distribution |
| C. | Uniform Distribution |
| D. | Exponential Distribution |
| Answer» B. Probability Distribution | |
| 116. |
of the Companies Act, 2013 provides that the Internal Auditor shall be a Chartered Accountant or a Cost Accountant or any other professional as may be decided by the Board of Directors. |
| A. | Section 148 |
| B. | Section 138 |
| C. | Section 142 |
| D. | Section 146 |
| Answer» B. Section 138 | |
| 117. |
Cost Audit is applicable in case of the companies falling under certain specific categories of industries and for those companies who have been asked by the central government to maintain the cost accounting records and get these cost accounting records audited as per the provisions of of the Companies Act, 2013 |
| A. | Section 148 |
| B. | Section 138 |
| C. | Section 142 |
| D. | Section 146 |
| Answer» A. Section 148 | |
| 118. |
Section 139 provides that the first auditor of the company shall be appointed by Board of Directors of the company within days |
| A. | 60 |
| B. | 30 |
| C. | 120 |
| D. | 45 |
| Answer» B. 30 | |
| 119. |
International auditing standards are issued by the: |
| A. | International Accounting Standard Board |
| B. | Financial Accounting Audit Board |
| C. | International Audit and Assurance Standards Board |
| D. | Auditing Practices Board |
| Answer» C. International Audit and Assurance Standards Board | |
| 120. |
In a responsibility report for a profit center, controllable fixed costs are deducted from contribution margin to show: |
| A. | Profit center margin |
| B. | Controllable margin |
| C. | Net income |
| D. | Income from operations |
| Answer» B. Controllable margin | |
| 121. |
Internal Perspective is part of the Complete Balanced Scorecard Strategy. This is a correct sub item for this perspective |
| A. | Regulatory and Society Theme |
| B. | Customer solutions |
| C. | Strategic Technologies |
| D. | Revenue Growth Strategy |
| Answer» A. Regulatory and Society Theme | |
| 122. |
Learning & Growth Perspective: role for intangible assets -- people, systems, climate and culture is part of the BSC Strategy. Identify which of the following is a sub item of Learning & Growth Perspective |
| A. | Improve shareholder value |
| B. | Low total cost |
| C. | Operations theme |
| D. | Strategic technologies |
| Answer» D. Strategic technologies | |
| 123. |
Which of the following would have a low likelihood of being organized as a profit center? |
| A. | A maintenance department that charges users for its services |
| B. | The billing department of an Internet Services Provider (ISP). |
| C. | The mayor's office in a large city |
| D. | Both "C" and "D" above. |
| Answer» D. Both "C" and "D" above. | |
| 124. |
Cash Inflows from a project include |
| A. | Tax Shield of Depreciation |
| B. | After-tax Operating Profits |
| C. | Raising of Funds |
| D. | Both (a) and (b). |
| Answer» C. Raising of Funds | |
| 125. |
If capital expense is recorded as revenue expense then which calculation will be wrong? |
| A. | Bank balance |
| B. | Debtors |
| C. | Creditors |
| D. | Net profit |
| Answer» D. Net profit | |
| 126. |
In Capital Budgeting, Sunk cost is excluded because it is |
| A. | Of Small Amount |
| B. | Not Incremental |
| C. | Not Reversible |
| D. | Reversible |
| Answer» B. Not Incremental | |
| 127. |
Which of the following is not a capital budgeting decision? |
| A. | Expansion Programme |
| B. | Merger |
| C. | Replacement of an Asset |
| D. | Inventory Level |
| Answer» D. Inventory Level | |
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