GuideFoot - Learn Together, Grow Smarter. Logo

Questions in business

📝 Answered - What is an advantage of taking out a long-term loan instead of a short-term loan? A. A long-term loan usually requires a low debt-to-income ratio. B. A long-term loan usually requires no credit check. C. A long-term loan usually has a lower total cost. D. A long-term loan usually has a lower interest rate.

📝 Answered - The first quarter of Real GDP was higher than the fourth quarter of Real GDP in the year 2007. A. True B. False

📝 Answered - Among the following, which one is not a cause of failure in implementing a strategy? A. An articulated strategy. B. Inadequate understanding of the strategy. C. Little attention by the management. D. A disconnected strategy.

📝 Answered - Problem No. 19 The following data are available in a manufacturing company for a yearly period. At present the company is utilizing only 60% of the plant capacity. Sales revenue: Rs. 3,00,000 Selling price per unit: Rs. 10 Variable cost per unit: Rs. 5 Fixed cost: Rs. 50,000 Step fixed cost: Rs. 20,000 Additional information: (i) At above 60% capacity, the selling price falls by 10%. (ii) The step fixed cost will remain constant (or unchanged) at 50% to 75%, but will increase by Rs. 5,000 between 76% and 100% capacity. Required: Flexible budget for 70% and 90% of capacity

📝 Answered - Which of the following is not a non-verbal communication for an interview? A. Listening attentively B. Smiling and nodding appropriately C. Maintaining eye contact D. Clapping

📝 Answered - What percentage of job openings are published? A. 10%-15% B. 15%-20% C. 30%-35% D. 35%-40%

📝 Answered - Name two ways of identifying communication needs.

📝 Answered - Which of these is required by an interviewee before an interview? A. Researching into the company B. Researching into the industry C. All of the above D. Preparing for any anticipated question

📝 Answered - Choose the appropriate answer from the given alternatives. 1. What is the primary objective of IFRS? a) Increase complexity in financial reporting b) Enhance transparency, comparability, and consistency c) Provide guidelines for national GAAP d) Apply only to publicly traded companies 2. Which method of accounting for inventory costs is permitted under both GAAP and IFRS? a) LIFO b) FIFO c) Weighted Average d) Specific Identification 3. What is the primary focus of IFRS principles in comparison to GAAP? a) Strict adherence to rules b) Substance of the transaction c) Industry-specific guidance d) Conservative accounting practices 4. What is the primary purpose of preparing for the first-time adoption of IFRS? a) Introduce new accounting principles b) Align with local regulatory requirements c) Evaluate the impact on financial statements d) Increase disclosure requirements 5. Which IFRS principle emphasizes caution when there is uncertainty about the realization or measurement of assets or income? a) Fair Presentation b) Prudence c) Going Concern d) Substance over Form 6. What is the basis for recording transactions and events in financial statements under the accrual basis principle? a) When the cash is received or paid b) When they occur c) Only at the end of the financial year d) As per the legal form of the transaction 7. Which of the following is a key characteristic of IFRS for SMEs?

📝 Answered - The following are characteristics of effective communication except one. Which one? A. Concise B. Coherence C. Clear D. Shallow