Number of employees can be used as “basis of allocation” for which of the following costs?

• A) Works management
• B) All of the given options
• C) Works canteen
• D) Payroll office

Zero inventory and zero defects are maintained in which of the following costing systems?

• A) Benchmarking
• B) Traditional costing
• C) Just-in-time
• D) Activity based costing

______________ refer(s) to the objective of innovation process.

• A) Improving product quality
• B) Increasing process efficiency
• C) Decreasing processing cost
• D) Increasing the number of new products

_______ measures are incorporated in the balanced scorecard.

• A) political
• B) Critical
• C) Economical
• D) Nominal

Sales revenue per employee is a measure of _______________.

• A) employee retention
• B) employee empowerment
• C) employee productivity
• D) employee satisfaction

Which of the following refers to the measure of employee retention?

• A) Survey
• B) Sales revenue per employee
• C) Annual percentage of key staff that leave
• D) Employee satisfaction

Strategic decisions normally taken for _________.

• A) Long term
• B) Short term
• C) All of the given options
• D) Mid term

__________ are the listed prices of identical or similar products.

• A) Marginal cost transfer prices
• B) Market-based transfer prices
• C) Full cost transfer prices
• D) Negotiated transfer prices

Which of the following is NOT a type of transfer pricing method?

• A) Cost-plus transfer prices
• B) Full cost transfer prices
• C) None of the given options
• D) Marginal cost transfer prices

__________ can be used to measure the customer profitability.

• A) Life-cycle costing
• B) Life-cycle profitability analysis
• C) Kaizen costing
• D) Benchmarking

If inspection cost is Rs. 1,250 per production run and 20% decrease is expected by implementation of JIT system. What will be net effect when total number of production runs are 3500?

• A) Rs. (8,750)
• B) Rs. 875,000
• C) Rs. (875,000)
• D) Rs. 8,750

________ is a strategic management technique for the communication and evaluation of the achievement of the mission and strategy of the organization.

• A) Just-in-time
• B) Zero based budgeting
• C) Balanced scorecard
• D) Benchmarking

Usage of employer stockholder program is carried out in the ________ perspective of balanced scorecard.

• A) Financial
• B) Customer
• C) Internal
• D) Learning

Which one of the following is the first stage of Activity based cost management?

• A) Identifying major activities that take place
• B) None of the given options
• C) Assigning cost to cost pools
• D) Determining the cost drivers for each major activity

A Non Banking Finance Company can not be incorporated without prior approval of:

• A) The Federal Government
• B) The Provincial Government
• C) State Bank
• D) Securities and Exchange Commission

Which of the following businesses are considered to be non banking finance companies?

• A) Housing Finance Services
• B) Leasing
• C) Investment Finance Services
• D) All of the given options

Authority vested in the __________ where registered office of the company is proposed in the memorandum of association to be situated.

• A) District
• B) Province
• C) Division
• D) City

How shall a prosecution for any offence under SECP Act against any person be instituted?

• A) With the consent of commission
• B) At the will of any two Commissioners
• C) By the appeal of aggrieved party
• D) By suo moto action of the court

Which of the following is NOT addressed by the Companies Ordinance, 1984?

• A) Issuance of shares
• B) Issuance of prospectus
• C) Protection of customers
• D) Incorporation of companies

Which of the following is not true about Memorandum of Association?

• A) It constitutes the conditions upon which the company is granted incorporation
• B) It is the constitution of the company in relation to outside world
• C) It is a fundamental legal document of a company
• D) Memorandum can be altered only by the Board of Directors