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Questions in business

📝 Answered - Match items in List I with items in List II using the codes given below the Lists: List I: A. Partner's Current A/c. B. Goodwill Account C. Partner's Drawings A/c. D. Realisation A/c. List II 1. Dissolution of Partnership 2. Admission of a partner 3. Fixed capital of partners 4. Goods taken by a partner for self-consumption

📝 Answered - 18. A database of identified risks in the Bank is referred to as: (a) Risk log (b) Risk compendium (c) Risk register (d) Risk directory 19. A Risk Owner is all of the following except: (a) Person/Office primarily responsible for managing risk (b) Person/Office implementing necessary controls to keep it within the Bank's Risk Appetite (c) All of the above (d) None of the above 20. An ERM provides a .......... framework to identify, assess, manage and monitor key risks across areas of the bank: (a) Disparate (b) Silo (c) Unique (d) Common 21. Criteria used for evaluating and quantifying risk likelihood and impact levels is known as: (a) Risk Parameters (b) Risk Culture (c) Risk rating (d) High risk 22. The Bank is exposed to various risks in the process of delivering its mandate. All of the under-listed are major risk categories as specified by the Bank's Enterprise Risk Management framework except: (a) Policy Risk (b) Reputational Risk (c) Capitalisation Risk (d) Credit Risk

📝 Answered - A side-opening ISO container is loaded with 40 x 48 inch pallets. Which pallet unit number should you use?

📝 Answered - 7) The Taxable GST Purchase transactions recorded in Tally Prime are considered as inward supplies; hence, the tax implication of this transaction can be viewed in Form: a) GSTR-1 b) GSTR-3B c) GSTR-5 d) GSTR-5A 8) To record the GST-compliant transactions in TallyPrime, the Central Tax and State Tax ledger must be grouped under which of the following Accounting Groups? a) Direct Incomes b) Duties and Taxes c) Sundry Creditors d) Sundry Debtors 9) The _______ is a report where we can check the GST e-Invoice status of the transaction in TallyPrime. a) E-Way Bill Report b) e-Invoice - IRN Register c) E-Way Bill - Voucher Register d) E-Invoice - Voucher Register 10) Under which sections of the e-Way Bill report in TallyPrime, the e-Way Bill status of the transactions for a specific period can be viewed? a) Uncertain Transactions (Corrections needed) b) Rejected by e-Way Bill System c) Missing/Invalid Information d) e-Way Bill Register 11) If Rajesh Enterprises Pvt. Ltd. located in Karnataka, received an invoice with a total value amounted to ₹ 59,000 from Sagar Agencies, located in Kerala with applicable Integrated Tax at 18%, what is the Integrated Tax value charged in the invoice? a) ₹ 68,000 b) ₹ 59,000 c) ₹ 10,620 d) ₹ 5,310 12) Which of the following options from the Sales voucher creation screen must be enabled in TallyPrime to enter the e-Way Bill Details, Transporter, Mode, and Vehicle Number? a) Provide GST/e-Way Bill/e-Invoice details b) Bill-wise Details c) Narration d) Description(s) for Item

📝 Answered - 4.1.1 How can an exit of firms in a perfect market affect the economy? (8) 4.1.2 Analyse measures that may be used by the government to promote competition in the economy. (8) 4.1.3 Outline the challenges that the competition policy in South Africa face in achieving their goals. (8)

📝 Answered - 12. Which of the following represents a firm's organizational resources? a. All resources of the organization b. IP and copyrights c. Tangible assets d. Routines and systems 13. The following are definitions of a firm's strategic resources except: a. They help in implementing the firm's strategies b. They grant the firm a competitive advantage c. Helps you achieve your strategic goals d. They are profitable 14. Bootstrapped entrepreneurial ventures denote firms that: a. Operate as joint ventures b. Operate independently without external support c. Operate mainly to meet local needs d. Are operated through coalition building 15. The 4 Ps of Marketing does not include: a. Production b. Place c. Price d. Promotion 16. SMEs are generally labor-intensive. This is a positive feature because: a. It makes workers work harder and intensively b. It caters for local needs c. It creates employment opportunities d. Laborers are within the firms 17. Assembling, as a resource mobilization strategy, means: a. Equipping yourself with venture-specific knowledge and skills b. Assembling all the tools and resources needed to start one's business c. Combining resources with partners to start a venture d. Making sure that all your resources are at one location 18. The system wherein the principles of entrepreneurship are practiced within the boundaries of the firm is called: a. Entrepreneurship b. Sole proprietorship c. Intrapreneurship d. Self-employment 19. The following are examples of a distributorship except: a. Toyota b. Coca Cola c. Miami Dolphins d. KFC 20. Which of the following specifies the geographical limits for a franchisee to operate in? a. Grant b. Term c. Territory d. Transfer

📝 Answered - Find the beginning inventory for June. | | Beginning Inventory | Purchases | Units Sold | | :---- | :------------------ | :-------- | :--------- | | April | 2,200 | 700 | 1,300 | | May | 1,600 | 800 | 600 | | June | {[?]} | 400 | 1,500 |

📝 Answered - In which part of a presentation should you provide background information, ask a thoughtful question, or offer an interesting fact?

📝 Answered - Choose the correct example of opportunity recognition: A. Selling umbrellas during rainy season B. Opening a new store in a saturated market C. Ignoring customer suggestions D. Raising prices unnecessarily

📝 Answered - Why is a bond with a higher interest rate often considered a higher risk investment? A. More secure bonds have higher interest rates. B. A higher interest rate means a higher rate of return on the investment. C. A higher interest rate would provide too much of a return on the investment. D. Some companies promise higher interest rates in order to attract the attention of investors.