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Questions in business

📝 Answered - Monalisa solutions support which of the following business areas? A) Revenue Accounting B) Route Profitability Analyzer C) Audit D) All of the Above

📝 Answered - 1. Write "TRUE" if the statement is correct and "FALSE" otherwise. 1) The work of auditing begins after the work of accounting ends. 2) Internal auditors do not satisfy independent in appearance. 3) One of the differences between accounting and auditing is that financial statements are the input for the former and the output for the latter one. 4) In the early periods, auditing was conducted through a public hearing and its objective was verification of true and fair view of an organization. 5) The development of auditing was not closely related to the development of accounting. II. Choose the correct answer for the following multiple choice questions. 6) Review of any part of an organization's operation procedures and method for the purpose of evaluating effectiveness and efficiency is; a. Compliance audit b. Operational audit c. Internal Audit d. Financial statement audit e. None of the above 7) Independent auditing can best be described as; a. A branch of accounting. b. A discipline that attests to the results of accounting and other functional operations and data. c. A professional activity that measures and communicates financial and business data. d. A regulatory function that prevents the issuance of improper financial information. e. None of the above

📝 Answered - Regular collection of industry marketing cost data is ____. A. necessary to achieve effective sales B. a valuable set of information to remain competitive C. nice if there is time but not essential D. None of these answers is correct.

📝 Answered - When are marketing plans usually developed? A) As often as needed. B) A month in advance C) A year in advance D) None of the answers are correct as each company and marketing department is different.

📝 Answered - Based on the above chart, which industry's average annual rate of change is projected to decrease the most in the 2006-2016 period as compared to its average annual rate of change during 1996-2006? a. Utilities b. Educational services c. Federal government d. State and local government

📝 Answered - 4. ____ is the task of buying goods of right quality, in the right quantities, at the right time and at the right price. (A) Supplying (B) Purchasing (C) Scrutinizing (D) None of the above

📝 Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?

📝 Answered - Converting a group plan to permanent life insurance requires: A. submitting proof of insurability B. converting to term life insurance C. paying a lower premium D. the conversion being applied for within 31 days of termination

📝 Answered - Moon Ltd. produces products 'X', 'Y', and 'Z' and has decided to analyze its production mix for these products. Direct Materials Rs. (per unit): X: 160, Y: 120, Z: 80 Variable Overheads Rs. (per unit): X: 8, Y: 20, Z: 12 Direct Labour: Departments: Rate per Hour (Rs.), Hours per unit for X, Y, Z Department-A: 4 Rs/hr, 6 hrs (X), 10 hrs (Y), 5 hrs (Z) Department-B: 8 Rs/hr, 15 hrs (X), 11 hrs (Y), no data for Z Current Budget Details: Annual Production (units): X: 10,000, Y: 12,000, Z: 20,000 Estimated Selling Price per unit (Rs.): X: 312, Y: 400, Z: 240 Sales department estimate of possible sales in the coming year (units): X: 12,000, Y: 16,000, Z: 24,000 There is a constraint on labor supply in Department-A; manpower cannot be increased beyond the present level. Required: (i) Identify the best possible product mix of Moon Ltd.

📝 Answered - Insurance represents the process of risk A. transference B. selection C. assumption D. avoidance