Fundamentals Areas of Business Test 13

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Fundamentals Areas of Business Test 13

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Weekly Quiz Competition

Question 1
1 / -0

Bull dogs bonds are ______________________.

A
Dollar denominated foreign bonds raised in the UK domestic securities market

B
Sterling denominated foreign bonds raised in the UK domestic securities market

C
Sterling denominated foreign bonds raised in the Us domestic securities market

D
Euro denominated foreign bonds raised in the UK domestic securities market

E
None of the above

Solution

Bulldog bonds are sterling denominated foreign bonds which are raised in the UK domestic securities market.
Question 2
1 / -0

______ users are groups outside the business entity, who uses the information to make decisions about the business entity.

A
Mangement

B
Emplyoee

C
Owner

D
External

Solution

There are various stakeholder in the business who want to know about the business performance of the organization. These are internal and external users.

Internal users are management, employees and accountants who wants to analyze the business performance based on various financial reports.

External users are lenders, creditors, investors which are more interested to know about the financial strength to take a decision about the business entity in terms of security of their money.
Question 3
1 / -0

Which one of the following is the responsibility of human resource management?

A
To ensure respect for individual employer

B
To ensure reconciliation of individual goals with those of the organisation.

C
To achieve and maintain high morals among the employees

D
All of the above

Solution

The various objectives of Human resource management are
To effectively achieve organisational objective
To develop and maintain employees
To attend legal, social, ethical issues.
To ensure reconciliation of individual goals with those of the organisation.
Question 4
1 / -0

Financial statements are used by _______ .

A
owners

B
creditors

C
investors

D
all the three

Solution

The users of accounting are mainly classified into two categories
1. Internal Users: Internal users are inside the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.

2. External Users: These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc.
So, accounting is useful for all these users and not just for owners.
Question 5
1 / -0

Market segmentation aims to ________.

A
identify the similarities and differences between groups of customers or users

B
identify the similarities between groups of customers or users

C
identify the differences between organizations and their competitors

D
none of the above
Question 6
1 / -0

Which of these would be considered as external user of the financial statements?

A
Board of directors

B
Shareholders

C
Finance manager

D
Production manager

Solution

Financial statement of the business are prepared on a periodic basis to check the health of the business. This is a statutory requirement also. There are internal and external users to view and refer the financial statement. Banks, financial institutions and investors are considered as external users. Investors are always look for a better returns from the business where they have invested the amount for which they have a tool i.e. financial statement.
Question 7
1 / -0

Film production is done by which method of production?

A
Job method

B
Batch method

C
Flow method

D
Group method

Solution

In this system Products are manufactured to meet the requirements of a specific order. The quality involved is small and the manufacturing of the product will take place as per the specifications given by the customer. It is used when a product is produced with the labour of one or few workers and is scarcely used for bulk and large scale production. Thus this process is always non-standardized.
Question 8
1 / -0

The users of financial statements include _______ .

A
shareholders

B
government

C
lenders

D
all of the above

Solution

The users of financial statement may be classified into internal external users. Internal users refers to mangers who use accounting information in making decisions related to the company's operations. External users, on the other hand, are not involved in the operations of the company but hold some financial interest.
Question 9
1 / -0

Human Resource Department provides a number of services to corporate employees.
Select the one which is an not HR service.

A
Recruitment and selection programmes

B
Purchasing

C
Equal opportunity activities

D
Training and development programmes
Question 10
1 / -0

_________ offers the opportunity to produce goods as per customer and specific need.

A
Job method

B
Batch method

C
Flow method

D
All of the above

User

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Re-Attempt Weekly Quiz Competition

Fundamentals Areas of Business Test 13

Result

Fundamentals Areas of Business Test 13

Score

-

Rank

-

SHARING IS CARING

Question 1

Dollar denominated foreign bonds raised in the UK domestic securities market

Sterling denominated foreign bonds raised in the UK domestic securities market

Sterling denominated foreign bonds raised in the Us domestic securities market

Euro denominated foreign bonds raised in the UK domestic securities market

None of the above

Solution

Question 2

Mangement

Emplyoee

Owner

External

Solution

Question 3

To ensure respect for individual employer

To ensure reconciliation of individual goals with those of the organisation.

To achieve and maintain high morals among the employees

All of the above

Solution

Question 4

owners

creditors

investors

all the three

Solution

Question 5

identify the similarities and differences between groups of customers or users

identify the similarities between groups of customers or users

identify the differences between organizations and their competitors

none of the above

Question 6

Board of directors

Shareholders

Finance manager

Production manager

Solution

Question 7

Job method

Batch method

Flow method

Group method

Solution

Question 8

shareholders

government

lenders

all of the above

Solution

Question 9

Recruitment and selection programmes

Purchasing

Equal opportunity activities

Training and development programmes

Question 10

Job method

Batch method

Flow method

All of the above

User

Question Analysis

My Perfomance

Score

-

Rank

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