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GAT Subject Test (Management Sciences)
National Testing Service Pakistan
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What are the factors related to the risk structure of interest rates?
asked
3 months ago
in
GAT Subject Test (Management Sciences)
by
Financial Management
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Double entry book-keeping was fathered by?
A. F.W.Taylor.
B. Lucas Pacioli.
C. Henry Fayol.
D. Edward Saeed.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Funds Flow Statement and sources and application statement are:
A. Antagonistic.
B. Synonymous.
C. None of these.
D. All of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Depreciation in spirit is similar to
A. Depletion.
B. Depression.
C. Amortization.
D. Deletion.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Balance Sheet is always prepared
A. For the year ended.
B. As on a specified date.
C. Till date.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
In Insurance, the following Profit and Loss Accounts are prepared
A. Consolidated for Fire, Marine, and Accidents etc..
B. Separate for Fire, Marine, and Accidents etc.
C. Partially consolidated for Governments.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Flexible budget is a budget with the following features
A. Changes with variable expenses.
B. Changes with fixed expenses.
C. Changes with volume of production.
D. Remains the same.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Break Even can be calculated as under
A. FC I- VC TR.
B. ______VC_______ FC - TR TC.
C. All of these.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Quick Ratio can be computed as under
A. Quick assets / Quick liabilities .
B. Quick assets / Current liabilities.
C. Current assets / Current liabilities.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under
A. 10% of the total value.
B. Rupee 0.
C. Half of the total cost.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Sales budget must be prepared
A. Depending on production capacity.
B. Based on marketing efforts.
C. Based on average market volume.
D. Based on Sales forecasts of market.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Consolidation of subsidiary accounts in the balance sheet of a unlisted Holding company is at present in Pakistan
A. Voluntary.
B. Compulsory.
C. Not required.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Retained earning is synonymous to
A. Net profit of the year.
B. Accumulated profit and loss.
C. Net loss of one year.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
The requirements of an audit report for a Banking Company in Pakistan is under
A. Under the Banking Companies Ordinance, 1962.
B. Under the Companies Ordinance, 2017.
C. Under the Companies Ordinance, 2017.
D. A & B above.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Deferred Taxation is part of
A. Fixed assets.
B. Variable assets.
C. Owner's equity.
D. Creditors account.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Investment Corporation of Pakistan follows
A. Open-end mutual funds.
B. Closed-end mutual funds.
C. Partial-ended mutual funds.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Directors Report is mandatory in respect of financial report constituent of
A. Limited compnay.
B. Partnership.
C. Firm.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Every limited Company in Pakistan is required by law to include the following along with financial reports
A. Chairman's review.
B. Cost analysis.
C. Ratio analysis.
D. Financial analysis.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Cash budget excludes the following
A. Cash items.
B. Non-Cash items.
C. Purchase on Credit items.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
NGOs are legally required to
A. Prepare accounts in a prescribed manner under the law.
B. Prepare accounts as desired by donors.
C. None of these.
D. All of these.
Anna
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Many find it strange that her writing is thought to be tortuous; her recent essays, although longer than most of her earlier essays, are extremely_______.
A. Insightful.
B. Tedious.
C. Painstacking.
D. Sophisticated.
Anna
IQ APTITUDE & ABILITY
-
Verbal Reasoning
The author presents the life of Zane Grey with _____ unusual in a biographer: he is not even convinced that Grey was a good writer.
A. Deftness.
B. A Zeal.
C. A Detachment.
D. An eloquence.
Bashir Farooqi
IQ APTITUDE & ABILITY
-
Verbal Reasoning
During their operational lifetimes, the majority of spacecraft currently face minimal risk of collision with space junk, but given the number of new satellites launched each year, the orbital environment is likely to be less ________ in the future.
A. Defective.
B. Invoked.
C. Protected.
D. None of these.
Bashir Farooqi
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Florence Nightingale was ___ in the development of modern medicine, ___ such practices as sanitization of hospital wards and isolation of actively infected patients.
A. an innovator…initiating.
B. rejecting…a collaborator.
C. a maverick…protesting.
D. An individualist…standardizing .
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Fixed Cost
A. remains the same if rent increase.
B. changes with production.
C. Never changes even if production capacity is doubled.
D. None of these.
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Conversion cost is equal to
A. Labour Cost + Overhead Cost.
B. Direct Labour + Material Cost.
C. Material Cost + Overhead Cost.
D. None of these.
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Process Costing method is related to
A. Flour industry.
B. Furniture industry.
C. Cement industry.
D. All of these.
Jamal Khan
MANAGEMENT SCIENCES
-
Financial Accounting
Operating Profit is
A. After deducting taxes.
B. Profit after deducting normal operating expenses including depreciation.
C. After deducting Financial expenses.
D. None of these.
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
A good Cost Accounting System is
A. If it enables management to increase productivity and rationalize cost structure.
B. If it cannot be reconciled with financial accounts.
C. If it computes estimated cost only.
D. If it only calculate cost figures.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Management
Sources of funds can be increased by
A. Increasing selling prices.
B. decreasing revenues.
C. Increasing expenses.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Corporate Finance
Short-term loan can be described as having maximum period
A. Less than a year.
B. More than a year.
C. Only half of a year.
D. One and half of a year.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Books of original entry are called
A. Journal.
B. Ledger.
C. Trial Balance.
D. Income Statement.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
For preparing balance sheets prepaid expenses are shown as part of
A. Revenue.
B. Expenses.
C. Assets.
D. Liability.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Unpaid and unrecorded expenses are called
A. Prepaid Expenses.
B. Unearned Revenue.
C. Accrued Expenses.
D. Deferred Cost.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Amount, cash, or other assets removed from business by owner is called
A. Drawings.
B. Self-Help.
C. Capital.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Under the diminishing balance method, depreciation amount is
A. Deficit.
B. Surplus.
C. Reciept.
D. Expenditure.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Users of accounting information includes
A. Tax department.
B. Shareholders.
C. Creditors.
D. All of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The business form(s) in which the owner(s) is (are) personally liable is (are) the
A. Limited liability company.
B. Soleproprietor .
C. Partnership.
D. Both B &C.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The investment of personal assets by the owner
A. Decreases liabilities.
B. Increases expenses.
C. Has no effect on assets but increases owner’s equity.
D. Increases total assets and increases owner’s equity.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
All of the following are forms of organizations except
A. Corporation.
B. Partnership.
C. Properitorship.
D. Retailer.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Management
Economic resources of a business that are expected to be of benefit in the future are referred to as
A. Assets.
B. Liabilities.
C. Owner's equity.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Management
An owner investment of land into the business would
A. Increase owner’s equity.
B. Increase withdrawls.
C. Decrease liabilities.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
A cash purchase of supplies would
A. Decrease owner’s equity.
B. Increase liabilities.
C. Have no effect on total assets.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
An owner investment of each into the business would
A. Increase assets.
B. Decrease liabilities.
C. Increase withdrawals.
D. Decrease owner’s equity.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
The payment of rent each month for office space would
A. Decrease total assets.
B. Increase liabilities.
C. Increase owner’s equity.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Real accounts are related to
A. Expenses and incomes.
B. Assets.
C. Customers and Creditors etc.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Which one of the following accounts would usually have a debit balance?
A. Cash.
B. Salaries.
C. Creditors.
D. Debtors.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Financial Accounting
Quick assets include which of the following?
A. Cash.
B. Debtors.
C. Inventories.
D. A & B.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Net income plus operating expenses is equal to
A. Cost of goods available for sale.
B. Net sales.
C. Gross profit.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Cost & Management Accounting
The maximum number of partners in Pakistan can be fixed at the following
A. 10.
B. 20.
C. 30.
D. 40.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Accounting principles are generally based on the principle of
A. Subjectivity.
B. Ease of recording.
C. Practibility.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Rent paid to the land lord should be credited to
A. Cash account.
B. Rent account.
C. Landlord account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
In the event of dissolution of a partnership firm the provision for doubtful debts is transferred to
A. Liquidation account.
B. Suspense account.
C. Realization account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A prospectus for share can be issued only by
A. A private company.
B. A public company.
C. Semi Government.
D. Autonomous bodies.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Preliminary expenses are
A. Deferred cost.
B. Prepaid expenses.
C. Ficticous assets.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
The valuation of closing stock is at
A. Market price or cost whichever is lower.
B. Market price.
C. Cost price.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
The master budget comprises of
A. A balance sheet.
B. An income statement.
C. Cash budget.
D. All of above.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Cost volume profit analysis is the method used to estimate the impact on profit is of changes in
A. Sale volume.
B. Unit sale price.
C. Unit variable cost.
D. All of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
In a manufacturing company product cost include
A. Material + Labour + Overhead cost.
B. Labor + overhead cost.
C. All of these.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A liability in the amount of Rs. 500/- is paid in cash which of the fallowing is true
A. Asset decreased liability increased.
B. Asset decreased liability decreased.
C. Asset increase liability decreased.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Which one of the following account normally have a credit balance?
A. Cash account.
B. Creditors account.
C. salaries account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A company collected one year’s rent in advance on October 1st ,2022 the entries Rs 1200 was credited to unearned revenue account the adjusting entry at the December 31,2022 year ended would include
A. A debit to rent earned for Rs 600.
B. A credit to unearned revenue for Rs 300.
C. A debit to unearned revenue for Rs 600.
D. A debit to unearned revenue for Rs 300.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
When purchase merchandise is returned under a perpetual inventory system a credit would be made to
A. Purchases.
B. Purchase return.
C. Carriage in.
D. Stock.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Which of the fallowing accounts would not be included in the computation of the cost of goods sold
A. Purchases.
B. Freight in.
C. Purchase discount lost.
D. Purchase discount.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Total manufacturing cost for a period includes all of the fallowing except
A. Total material cost.
B. Total labour cost.
C. Total overhead cost.
D. Cost of finished goods.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Management
Quick Asset includes which of the fallowing
A. Cash.
B. Marketable securities.
C. Debtors.
D. A & B above.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
When a small stock dividend is declared which of the fallowing accounts is credited
A. Accumulated profit.
B. Dividend account.
C. Common stock dividend distributable.
D. Common stock.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
An advantages of the partnership form of business organization is its
A. Mutual agency.
B. Ease of formation.
C. Liquidity.
D. Solvency.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Linda Greenhouse's articles for the New York Times are an outstanding example of ___, capsulizing prose into a necessarily limited space.
A. Callousness.
B. Brevity.
C. Intuition.
D. None of these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Roberto Clement was seen as ___ during his life because of both his selflessness on the baseball field and his humanitarian work in his native Nicaragua
A. a grandstander.
B. An individualist.
C. . a sybarite .
D. an opportunist.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
His habit of spending more than he earned left him in a state of perpetual------ but he------------hoping to see a more affluent day
A. motion: responded.
B. enervation: retaliated by.
C. confusion: compromised by.
D. indigence: persevered in.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Known for his commitment to numerous worthy causes, the philanthropist deserved------ for his-----------
A. Credit: altruism.
B. Reward: modesty .
C. blame: hypocrisy.
D. recognition: folly.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
You should --------this paragraph in order to make your essay more-----
A. Remove, discursive.
B. Enlarge, redundant .
C. Delete, succinct.
D. Revise, abstruse.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
A------glance pays-----attention to details
A. Furtive: meticulous.
B. Cursory: little.
C. Cryptic: close.
D. Keen: scanty.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Surprisingly enough, it is more difficult to write about the--------than about the---and strange.
A. simple, routine.
B. commonplace, exotic.
C. abstract, prosaic.
D. specific, foreign.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
A-----response is one that is made with----------.
A. harmful, grimaces.
B. sure, slowness.
C. speedy, alacrity.
D. stupid, fear.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
3. A----is a-------.
A. doctrine, follower.
B. discipline, school.
C. criterion, mistake.
D. norm, standard.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
It is widely believed that a nuclear war could ____ enough smoke and dust to block out the sun and freeze the earth.
A. Generate.
B. Extinguish.
C. Billow.
D. None of these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Consumption of red meat has ____ because its fat content has become a worrisome and ____ matter.
A. Skyrocketed ... stressful.
B. Abated ... dubious .
C. Declined ... controversial.
D. None these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
It takes ____ character to ____ the extremities of the arctic region.
A. A nomadic ... espouse.
B. An unflappable ... sustain.
C. An inimitable ... resist.
D. None of these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Consumers refused to buy meat products from the company because of rumors that the water supply at the meat processing plant was ______; the rumors, however, were quite ______, with no hard evidence to back them up.
A. Contaminated .. unsubstantiated.
B. Impure .. damaging.
C. Misdirected .. scandalous.
D. Unscrupulous .. vicious.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Many kinds of harmful viruses are unhindered when passing through different parts of the host organism; indeed, there are few organic substances which such viruses’ cannot______.
A. exterminate.
B. perforate.
C. aerate.
D. None of these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Their conversation was unsettling, for the gravity of their topic contrasted so oddly with the ______ of their tone
A. rapidity.
B. lightness.
C. precision.
D. None of these.
Muhammad Tayyab Ikhlas
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Throughout the animal kingdom, ____ bigger than the elephant.
A. only the whale is.
B. is the whale only.
C. whale is only the.
D. whale is only.
Fani Warraich
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Although its publicity has been ___, the film itself is intelligent, well-acted, handsomely produced and altogether ___
A. perfect … spectacular.
B. sophisticated … moderate.
C. extensive … moderate.
D. tasteless … respectable.
Fani Warraich
IQ APTITUDE & ABILITY
-
Verbal Reasoning
The Inuit natives of Alaska's North Slope worry that ___ oil exploration might ___their sensitive natural environment.
A. unregulated…damage.
B. curtailed…shatter.
C. current…bolster.
D. additional…assist.
Fani Warraich
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Ants live in colonies based on ___; each member contributes to the good of all by actively working with others in performing necessary tasks.
A. Heredity.
B. Cooperation.
C. Reasoning.
D. Instinct.
Diginy Dash
MANAGEMENT SCIENCES
-
Financial Accounting
In balance sheet accumulated loss of company shown as
A. an asset.
B. a liability.
C. an expense.
D. a revenue.
Diginy Dash
MANAGEMENT SCIENCES
-
Financial Accounting
Double Entry Book Keeping was fathered by
A. Yoyji Ijiri.
B. Luca Paioli.
C. Yoyji Ijiri.
D. Yugene Fama.
Sidis
IQ APTITUDE & ABILITY
-
Verbal Reasoning
In the given sentence, identify the gerund phrase: "Running marathons in extreme weather conditions requires immense determination and endurance."
A. Running marathons.
B. Marathons in extreme weather conditions.
C. Requires immense determination.
D. And endurance.
Sidis
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Identify the logical fallacy in the following argument: "I've never seen a black swan; therefore, black swans do not exist."
A. Circular Reasoning.
B. Hasty Generalization.
C. False Cause.
D. Appeal to Ignorance.
Sidis
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Choose the word that best completes the analogy: Adorn: Decorate :: _______ : Amass
A. Squander.
B. Preserve.
C. Hoard.
D. None of the above.
Sidis
IQ APTITUDE & ABILITY
-
Verbal Reasoning
Identify the figure of speech used in the following sentence :"The stars danced playfully in the sky."
A. Simile.
B. Hyperbole.
C. Personification.
D. Metaphor.
Sidis
IQ APTITUDE & ABILITY
-
Analytical Reasoning
An office building has five floors, numbered one through five. Each floor has a different color carpet: red, blue, green, yellow, and white. The following conditions must be met: i. The red carpet cannot be on the top floor. ii. The blue carpet must be above the green carpet but below the yellow carpet. iii. The white carpet must be on a higher floor than the green carpet but cannot be on the top floor. In which of the following arrangements is the sequence of floors correctly matched with the colors of their respective carpets?
A. Floor 1: Red, Floor 2: Blue, Floor 3: Green, Floor 4: Yellow, Floor 5: White.
B. Floor 1: Green, Floor 2: Blue, Floor 3: Red, Floor 4: White, Floor 5: Yellow.
C. Floor 1: Yellow, Floor 2: Blue, Floor 3: Green, Floor 4: White, Floor 5: Red.
D. Floor 1: Blue, Floor 2: Green, Floor 3: Red, Floor 4: Yellow, Floor 5: White.
Sidis
IQ APTITUDE & ABILITY
-
Analytical Reasoning
In a certain company, there are seven executives: Adam, Ben, Chris, David, Emily, Fiona, and Grace. They are seated in a row of chairs. The following conditions must be met: i. Adam cannot sit next to Chris or Emily. ii. Ben must sit next to David. iii. Fiona cannot sit at either end of the row. Which of the following is a valid arrangement of the executives?
A. Adam, Ben, Chris, David, Emily, Fiona, Grace.
B. Fiona, Emily, Ben, David, Adam, Chris, Grace.
C. Grace, Fiona, Emily, Ben, David, Adam, Chris.
D. Chris, David, Ben, Emily, Adam, Grace, Fiona.
Sidis
IQ APTITUDE & ABILITY
-
Analytical Reasoning
Five friends – Alex, Brian, Chris, David, and Eric – are participating in a singing competition. They will perform one after the other. The following conditions must be met: i. Alex cannot perform before David or Eric. ii. Brian must perform before Chris. iii. David cannot be the first or last to perform. In which of the following sequences can the friends perform according to the given conditions?
A. Eric, Alex, David, Brian, Chris.
B. Chris, David, Brian, Alex, Eric.
C. Brian, Eric, Chris, David, Alex.
D. David, Eric, Alex, Chris, Brian.
Sidis
IQ APTITUDE & ABILITY
-
Analytical Reasoning
In a chess tournament, there are six players: Alice, Bob, Carol, David, Emily, and Frank. Each player plays exactly once against each of the other players. The following conditions must be met: i. Alice must play against Bob and Emily. ii. Carol cannot play against David or Frank. iii. Emily must play against Alice and David. How many different matches can be played in total?
A. 15.
B. 18.
C. 12.
D. 21.
Sidis
IQ APTITUDE & ABILITY
-
Analytical Reasoning
Five books – A, B, C, D, and E – are placed on a shelf. The following conditions must be met: i. Book A cannot be placed next to book B. ii. Book C must be placed between books B and D. iii. Book E must be placed somewhere to the right of book A. Which of the following represents a valid arrangement of the books on the shelf, from left to right?
A. B, A, E, C, D.
B. B, C, D, E, A.
C. D, C, B, E, A.
D. A, B, D, E, C.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Which of the following statements is NOT true about the relationship between the chronological journal and the general journal?
A. The chronological journal records transactions in the order they occur..
B. Transactions are first recorded in the chronological journal before being posted to the general ledger. pen_spark.
C. The general journal provides a detailed explanation for each transaction..
D. Both journals are essential for maintaining a complete record of financial activities..
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
A company mistakenly recorded a purchase of inventory for $10,000 as an expense. How can a strong internal control system help identify this error most effectively?
A. Segregation of duties between purchasing and accounting departments is crucial..
B. Daily bank reconciliations will highlight the discrepancy..
C. Reviewing general ledger accounts for unusual activity is sufficient..
D. Both (a) and (b) are correct..
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Company A uses a single general journal for all transactions, while Company B utilizes a sales journal and a purchases journal. Which company is likely to be more efficient in recording transactions?
A. Company A, as it simplifies the recording process..
B. It depends on the transaction volume; neither has an inherent advantage..
C. Company B, as special journals improve efficiency..
D. Both companies will have the same level of efficiency..
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
A company has a trial balance that balances perfectly. Does this guarantee the absence of errors in the journals and general ledger?
A. It depends on the type of error; some might not affect the trial balance..
B. Yes, a balanced trial balance confirms no errors..
C. No, errors can still exist and cancel each other out..
D. The trial balance doesn't provide any information about journal errors..
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
A company pays rent for a full year upfront on January 1st for $12,000. How should this transaction be recorded in the journals?
A. Debit Rent Expense $12,000, Credit Cash $12,000..
B. Debit Prepaid Rent $12,000, Credit Cash $12,000..
C. Debit Rent Expense $1,000 (monthly rent), Credit Cash $1,000 (recorded monthly for 12 months)..
D. The recording depends on the company's accounting policy for prepaid expenses..
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
What is the primary purpose of calculating the Cost of Goods Sold (COGS)?
A. To determine the cost of producing goods.
B. To determine the selling price of goods.
C. To determine the profit margin of goods sold.
D. To determine the value of inventory.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
A company has the following costs: Direct Materials: Rs. 100,000 Direct Labor: Rs. 150,000 Overheads: Rs. 50,000 (25% of which is fixed) Opening Inventory: Rs. 20,000 Closing Inventory: Rs. 30,000 What is the COGS?
A. 250,000.
B. 240,000.
C. 260,000.
D. None of the above.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
A company has two products, A and B. The cost of producing one unit of A is Rs. 100, and the cost of producing one unit of B is Rs. 150. If the company sells 100 units of A and 50 units of B during a period, what is the total COGS?
A. 20,000.
B. 22,000.
C. 30,000.
D. 40,000.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
What is the effect on COGS if the opening inventory is overvalued?
A. COGS remains the same.
B. COGS is understated.
C. COGS is overstated.
D. COGS is not affected.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
A company is evaluating a project with a positive NPV (Net Present Value) but significant upfront investment. The project also has the flexibility to be abandoned after year 2 if market conditions worsen. How can this flexibility be best incorporated into the capital budgeting decision?
A. Increase the discount rate to account for the project's risk..
B. Conduct a real options analysis to assess the value of the abandonment option. .
C. Ignore the flexibility; a positive NPV justifies the project regardless..
D. Use the IRR (Internal Rate of Return) instead of NPV, as it considers the time value of money..
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
Company A has a debt-to-equity ratio of 0.5, while Company B has a ratio of 2.0. Which company is likely to have a higher weighted average cost of capital (WACC)?
A. Both companies will have the same WACC if their equity risk premium is equal..
B. Company B, due to the increased financial risk associated with higher leverage. .
C. Company A, as it relies more on equity financing, which is typically more expensive..
D. The answer depends on the current interest rates for debt and equity financing..
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
A company with strong future growth prospects unexpectedly announces a significant increase in its dividend payout. According to signaling theory, what might this decision signal to investors?
A. The company's management is confident about future profitability and cash flow generation..
B. The increased dividend payout is unrelated to the company's future prospects..
C. The company is experiencing short-term financial difficulties and needs to attract cash..
D. None of the above.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
Company X is considering acquiring Company Y. Synergies from the M&A are expected to arise from combining their sales forces. However, significant integration costs are also anticipated. How should these factors be best considered when evaluating the M&A?
A. Focus solely on the cost savings from combining sales forces to assess synergy benefits..
B. Conduct a comprehensive analysis that considers both the synergy benefits and the integration costs..
C. Ignore the integration costs if the projected cost savings from sales force consolidation are high..
D. Synergies from M&A only arise from cost savings, not revenue enhancements..
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
A company has a debt-to-equity ratio of 2:1 and a cost of debt of 6%. If the tax rate is 30% and the cost of equity is 12%, what is the company's weighted average cost of capital (WACC)?
A. 10.1%.
B. 8.4%.
C. 9.2%.
D. None of the above.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
A project has an initial investment of Rs. 100,000 and is expected to generate cash flows of Rs. 30,000 per year for 5 years. What is the project's payback period?
A. 3.67 years.
B. 4.17 years.
C. 5.00 years.
D. 3.33 years.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
Which of the following capital budgeting techniques takes into account the time value of money?
A. Payback Period.
B. Net Present Value.
C. Net Present Value.
D. Average run rate.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
A company has a beta of 1.2 and the market return is 10%. What is the company's cost of equity using the Capital Asset Pricing Model (CAPM)?
A. 12.4%.
B. 11.2%.
C. 13.2%.
D. 10.4%.
Fani Warraich
MANAGEMENT SCIENCES
-
Corporate Finance
What is the main advantage of using debt financing over equity financing?
A. Reduced financial leverage.
B. Reduced financial risk.
C. Increased financial leverage.
D. Increased financial risk.
Fani Warraich
MANAGEMENT SCIENCES
-
Marketing
Which of the following marketing strategies involves creating a series of small, incremental product improvements to maintain customer interest and loyalty?
A. Brand Revitalization.
B. Disruptive Innovation.
C. Continuous Innovation.
D. Product Line Extension.
Fani Warraich
MANAGEMENT SCIENCES
-
Marketing
Which of the following consumer behavior models suggests that consumers go through a process of need recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation?
A. Hierarchy of Needs.
B. Consumer Decision-Making Process.
C. Theory of Reasoned Action.
D. Maslow's Hierarchy of Motivation.
Fani Warraich
MANAGEMENT SCIENCES
-
Marketing
Which of the following marketing metrics measures the return on investment (ROI) of a marketing campaign by comparing the revenue generated to the cost of the campaign?
A. Customer Acquisition Cost (CAC).
B. Customer Retention Rate (CRR).
C. Return on Ad Spend (ROAS).
D. Marketing Return on Investment (MROI).
Fani Warraich
MANAGEMENT SCIENCES
-
Marketing
Which of the following marketing strategies involves creating a unique and memorable brand identity to differentiate a product or service from competitors?
A. Positioning.
B. Branding.
C. Targeting .
D. Segmentation.
Fani Warraich
MANAGEMENT SCIENCES
-
Marketing
Which of the following marketing channels involves using opinion leaders to promote products or services to their followers?
A. Word-of-Mouth Marketing.
B. Social Media Marketing.
C. Influencer Marketing.
D. Content Marketing.
Josh Mini
MANAGEMENT SCIENCES
-
Financial Accounting
What is the name of email.
A. A.
B. B.
C. C.
D. D.
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