Which of the following is defined as “A formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals”?

• A) Business Plan
• B) None of the given
• C) Financial Statement
• D) Business Forecast

Which one of the following is not considered as a source of financial information?

• A) Cash flow statement
• B) Customer profile statement
• C) Balance sheet
• D) Profit & Loss statement

If company has made sales and has yet to collect the money form purchaser then it is recorded as ___________?

• A) Bad debt
• B) Accounts Receivables
• C) Accounts Payables
• D) None of the given options

Which of the following terms is defined as “When a person considered good (or bad) in one category, likely to be evaluated similar in other categories”?

• A) Perceptual Effect
• B) Contrast Effect
• C) Halo Effect
• D) Dominance Effect

Current ratio is the ratio of current assets to current liabilities, how these two terms can be expressed?

• A) Current liabilities ÷ current assets
• B) Both relations are same
• C) None of the given options
• D) Current assets ÷ current liabilities

On which of the following cash disbursements have an effect?

• A) Cash inflows
• B) Uncertain
• C) No change on cash
• D) Cash outflows

If liquidity ratio is sound in terms of net working capital i.e 2:1, what does it indicate?

• A) More payments than receipts
• B) More receipts than payments
• C) None of the given options
• D) Can not be concluded with this information

Which of the following express the characteristics like qualification, skills, education and experience of a job holder?

• A) Job Specification
• B) Job Evaluation
• C) Job Description
• D) Job Design

Through which of the following fundamental strategies businesses can earn a high rate of return?

• A) Product differentiation and cost advantage
• B) Cost advantage and industry factors
• C) Cost advantage and efficient markets
• D) Product differentiation and cash management

Trained labour reduces all of the following aspects EXCEPT:

• A) Workplace accident
• B) Production time
• C) Workplace conflicts
• D) Raw Material Wastage

In general, which of the following financial documents is NOT required by bank before sanctioning a loan?

• A) Profit-and-Loss Account
• B) Balance Sheet
• C) Cash-Flow Statement
• D) Statement of Retain earnings

The information about chief accountant, particulars of directors and the chief executive are mention in a legal document provided under Company Ordinance 1984 to a private limited company. The legal document is called:

• A) Declaration
• B) Letter of memorandum
• C) Letter of association
• D) Form – 29

If the current assets of a company are of worth Rs 9000 and current liabilities are Rs.3000 and working capital is Rs 6000, what will be the current ratio of the company?

• A) 1 : 1
• B) 2 : 3
• C) 3 : 1
• D) 1 : 2

Current ratio is the relationship of which of the following two terms?

• A) Current Assets + Current Expense
• B) Current assets ÷ current liabilities
• C) Current Drawings – current Investment
• D) Current Expense × current liabilities

Which of the following tests is conducted to analyze employment traits like self-confidence, sociability, flexibility, creativity, and curiosity?

• A) Aptitude test
• B) Personality test
• C) Intelligence test
• D) Achievement test

Which of the following can be defined as “Immediate payments made by customer/importer to the seller/exporter by presenting correct documents in the required time frame?

• A) Revocable Letter of Credit (LC)
• B) Sight Letter of Credit (LC)
• C) Irrevocable Letter of Credit (LC)
• D) Insight Letter of Credit (LC)

All of the following are true regarding the cash flow statement EXCEPT:

• A) This statement explains the causes of the change in the cash balance
• B) This statement classifies cash transactions as operating, investing, or financing
• C) This statement reports information as of a certain date and therefore, is dated like the balance sheet
• D) Cash outflows are shown in parentheses to indicate that payments must be subtracted

Which of the following is the best indicator to understand the liquidity of a company?

• A) Net working capital
• B) Fixed working capital
• C) Regular working capital
• D) Variable working capital

All of the following are general credentials for your lending bank EXCEPT:

• A) Letter of credit
• B) Proof of company ownership
• C) Brochure on your business
• D) Letters of introduction

Which of the following is a cost which remains fix in total but varies per unit of sales?

• A) Selling Price
• B) Breakeven Point
• C) Variable cost
• D) Fixed cost