Which of the following can NOT be used as collateral?

• A) Inventories
• B) Trade goods
• C) Cash
• D) Intellectual Capital

What kind of activity is taking place when department manager provides a complete tour of company or plant to the new member?

• A) Appraisal
• B) Training
• C) Socialization
• D) Orientation

For what purpose the activity of performance appraisal is NOT conducted in an organization?

• A) To punish employee
• B) To motivate employee
• C) To evaluate employee
• D) To give reward to employee

“Rent of the shop” is an example of which of the following?

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

If a person is evaluated high on many traits because of a belief that the individual is high in one trait. This perception is affected by which of the following effects?

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

Which of the following terms can be defined as “Properties or assets that are offered to secure a loan or other credit”?

• A) Collateral
• B) All of the given options
• C) Guarantee
• D) Mortgage

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