Business
Learn the fundamentals of economics, entrepreneurship, marketing, finance, and management. This subject equips learners with essential skills to understand how businesses operate and make informed decisions in a competitive market.
Questions Overview
House's (1996) concept of ____ is quite similar to consideration behavior.
A. directive behaviors
B. participative behaviors
C. supportive behaviors
D. achievement-oriented behaviors
partnership firm has 50 members. All the partners have agreed to
admit Ram and Mohan as new partners. Can Ram and Mohan be
admitted? Give reason in support of your answer.
Which statement best summarizes what happens in the problem-solving step called "implementing a solution"?
A. Implementing a solution involves putting a plan into action based on several factors.
B. Implementing a solution involves asking if a solution was effective and fixed a problem.
C. Implementing a solution involves proposing several alternatives in order to solve a problem.
D. Implementing a solution involves weighing advantages and disadvantages to make a decision.
The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
c. Let your friends know how your job search is going
d. Obtain references from your network
Please select the best answer from the choices provided
In which part of a cover letter does the applicant explain the purpose of the letter?
A. Heading
B. Introduction
C. Argument
D. Closing
Use the information below to answer Exercise 1 questions.
| Corporation 1 | Corporation 2 | |
|---|---|---|
| Sales Revenue | $20,500 | |
| Expenses | 40,900 | |
| Net Income | $700 | $3,000 |
| Return on Sales (ROS) |
Show your answer rounded to one decimal place, do not write a percentage sign, and use general rounding.
Describe any FIVE (5) criteria that your organization may consider when evaluating its suppliers pepkor
Now, share your top takeaways regarding these logistics capabilities, how they were built, and why they are so effective. Discuss the following: Why has it been hard for other companies to benchmark and bring these capabilities to the market? How could you turn your takeaways into action to help your company improve its workflow and value-creation capabilities?
Alissa would like to make a deposit into her savings account. She filled out a deposit ticket and handed it to the teller at her bank. The teller apologizes to Alissa and explains that she cannot accept the deposit ticket in its current form. Determine what, if anything, Alissa will have to change in order for her deposit ticket to be accepted.
a. The sub total is calculated incorrectly
perform an Internet search to examine how it has used logistics to develop unique business models and achieve a competitive advantage. Specifically, assess how your chosen company has used logistics to design and execute unique value-added workflows to meet customer needs. Now, share your top takeaways regarding these logistics capabilities, how they were built, and why they are so effective. Discuss the following: Why has it been hard for other companies to benchmark and bring these capabilities to the market? How could you turn your takeaways into action to help your company improve its workflow and value-creation capabilities?
How many stores does Tran own?
Illustration 1: Explain the tax treatment following allowances.
Mr. J is a Govt. employee and he receives an entertainment allowance of ₹ 5,000 for the entertainment of clients of the Govt. He spends ₹ 3,000 p.m. for the entertainment of the clients of the Govt.
- Write the two importance of Natural Resources?
2. What are mining?
3. How can we conserve petrol?
4. How can a country utilise its extra natural resources?
5. State two uses of Coal?
The Net profit of Mr. Mohan as per his profit and loss account after charging the following items was Rs. 3,40,000.
a) Interest on capital Rs. 20,000
b) Salary to staff Rs. 1,16,000
c) Office expenses Rs. 3,000
d) Bad debts written off Rs. 13,000
e) Provision for bad debts Rs. 10,000
f) Provision for income Tax Rs. 16,000
g) Donation Rs. 10,000
h) Depreciation Rs. 17,000 (allowable as per IT Rs. 12,000)
Compute his income from business for the assessment year 2024-25.
Danny thought he was done with buying mobile phones until his daughter told him she had dropped her phone in the sho while listening to her favorite podcast. No amount of rice was going to bring her flooded phone back to life, so he loaded h up with a sigh and drove to their local mobile phone ______. As he looked at the retail prices, he found himself longing for the lower wholesale prices associated with business products.
A) factory
B) reseller
C) straight rebuy office
D) raw material supply store
An incentive should be which of the following?
- Reasonable and proportionate
- Carry a valid business purpose
- Designed to achieve targets
Two partners invested Rs 50,000 and Rs 70,000 respectively in a business and agreed that 70% of the profits should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs 90 more than the other, find the total profit made in the business.
The Following trial balance was extracted from James Bond's Business as at 31 December 2022:
| ACCOUNT | DR | CR |
|---|---|---|
| Sales Revenue | 394100 | |
| Sales Returns | 18000 | |
| Purchases | 296000 | |
| Purchases Returns | 24000 | |
| Inventory: 1.1.2022 | 20000 | |
| Salaries and wages: | ||
| Administration staff | 6750 | |
| Sales staff | 11250 | |
| Electricity expenses: | ||
| Administration area | 4700 | |
| Sales division | 4300 | |
| General office expenses | 6000 | |
| cleaning and maintenance | 3000 | |
| Insurance expense | 5000 | |
| Stationery expense | 4000 | |
| Advertising expense | 4000 | |
| Security expenses: | ||
| Admin office | 800 | |
| Sales office | 1200 | |
| Bank loan interest | 1650 | |
| Interest incoome | 1350 | |
| Furniture and fittings | 100000 | |
| Motor Vehicles | 100000 | |
| Office Equipment | 50000 | |
| Trade receivables | 12000 | |
| Trade payables | 18000 | |
| Cash at bank | 46000 | |
| Sales commission received | 800 | |
| Discount received | 1200 | |
| Capital: 1.1.2022 | 280000 | |
| Drawings | 24800 | |
| 719450 | 719450 |
Additional Information
1. Closing inventory was valued at K25000
2. Write off of bad debts
3. Provision for doubtful debts is 5%.
4. Insurance expenses of K1200 were prepaid.
5. Accrued Advertising expenses K500
6. Depreciation Mota vehicu 10/0
Required:
a. Prepare the classified income statement for the year ended 31 December 2022.
b. Prepare the statement of Owner's equity for the year ended 31 December 2022.
Select all the correct answers.
Which two factors directly affect the price of a stock?
A. coupon rate
B. the company's business performance
C. compound interest
D. investor demand for the stock
E. unemployment rate
What is considered a good credit score?
A. 700
B. 100
C. 1,000
D. 500
Deputy Director
Operations and
Construction
Deputy Director
Properties and HR
Maintenance
Foreman
Public Safety
And Noise
Manager
Administrative
Assistant
Maintenance
Aircraft Rescue
Personnel
Fire Fighting
Airport
Security
Deputy Director
Finance
A memo from the deputy directors to the Airport Board is an example of which type of organizational message?
a. upward
b. downward
c. lateral
d. grapevine
Select the correct answer.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.
A. equilibrium
B. law of demand
C. law of supply
D. negative externality
E. positive externality
Deputy Director Operations and Construction
Airport Director
Deputy Director Properties and HR
Deputy Director Finance
Maintenance Foreman
Public Safety And Noise Manager
Administrative Assistant
Maintenance Aircraft Rescue
Airport Personnel
Fire Fighting Security
A Board approved Safety manual for Airport Security is an example of
a. formal upward message
b. formal downward message
c. formal lateral message
d. informal grapevine message
Which activity would most likely damage your credit report?
A. Staying in the same job for several years
B. Paying all of your bills on time
C. Not applying for any credit cards
D. Having several credit cards, but never using them
House's (1996) concept of ____ is quite similar to consideration behavior.
A. directive behaviors
B. participative behaviors
C. supportive behaviors
D. achievement-oriented behaviors
C) supportive behaviors
partnership firm has 50 members. All the partners have agreed to
admit Ram and Mohan as new partners. Can Ram and Mohan be
admitted? Give reason in support of your answer.
No
Which statement best summarizes what happens in the problem-solving step called "implementing a solution"?
A. Implementing a solution involves putting a plan into action based on several factors.
B. Implementing a solution involves asking if a solution was effective and fixed a problem.
C. Implementing a solution involves proposing several alternatives in order to solve a problem.
D. Implementing a solution involves weighing advantages and disadvantages to make a decision.
A) Implementing a solution involves putting a plan into action based on several factors.
The main purpose of a cover letter is to:
a. Get hired for a position
b. Be called in for an interview
c. Let your friends know how your job search is going
d. Obtain references from your network
Please select the best answer from the choices provided
b. Be called in for an interview
In which part of a cover letter does the applicant explain the purpose of the letter?
A. Heading
B. Introduction
C. Argument
D. Closing
B) Introduction
Use the information below to answer Exercise 1 questions.
| Corporation 1 | Corporation 2 | |
|---|---|---|
| Sales Revenue | $20,500 | |
| Expenses | 40,900 | |
| Net Income | $700 | $3,000 |
| Return on Sales (ROS) |
Show your answer rounded to one decimal place, do not write a percentage sign, and use general rounding.
A) 3.4
Describe any FIVE (5) criteria that your organization may consider when evaluating its suppliers pepkor
1) Quality of products 2) Delivery reliability 3) Pricing competitiveness 4) Financial stability 5) Ethical compliance
Now, share your top takeaways regarding these logistics capabilities, how they were built, and why they are so effective. Discuss the following: Why has it been hard for other companies to benchmark and bring these capabilities to the market? How could you turn your takeaways into action to help your company improve its workflow and value-creation capabilities?
No choices provided. Please provide answer choices for a multiple choice response.
Alissa would like to make a deposit into her savings account. She filled out a deposit ticket and handed it to the teller at her bank. The teller apologizes to Alissa and explains that she cannot accept the deposit ticket in its current form. Determine what, if anything, Alissa will have to change in order for her deposit ticket to be accepted.
a. The sub total is calculated incorrectly
a. The sub total is calculated incorrectly
perform an Internet search to examine how it has used logistics to develop unique business models and achieve a competitive advantage. Specifically, assess how your chosen company has used logistics to design and execute unique value-added workflows to meet customer needs. Now, share your top takeaways regarding these logistics capabilities, how they were built, and why they are so effective. Discuss the following: Why has it been hard for other companies to benchmark and bring these capabilities to the market? How could you turn your takeaways into action to help your company improve its workflow and value-creation capabilities?
I cannot perform internet searches or provide analysis on specific companies. Please provide the company name and choices if available.
How many stores does Tran own?
Without choices: The exact number is not provided.
Illustration 1: Explain the tax treatment following allowances.
Mr. J is a Govt. employee and he receives an entertainment allowance of ₹ 5,000 for the entertainment of clients of the Govt. He spends ₹ 3,000 p.m. for the entertainment of the clients of the Govt.
The entertainment allowance received by Mr. J is fully taxable as it is received for the entertainment of clients of the Government.
- Write the two importance of Natural Resources?
2. What are mining?
3. How can we conserve petrol?
4. How can a country utilise its extra natural resources?
5. State two uses of Coal?
- Economic development, Environmental balance
- Extraction of minerals from earth
- Use public transport
- Export to other countries
- Electricity generation, Steel production
The Net profit of Mr. Mohan as per his profit and loss account after charging the following items was Rs. 3,40,000.
a) Interest on capital Rs. 20,000
b) Salary to staff Rs. 1,16,000
c) Office expenses Rs. 3,000
d) Bad debts written off Rs. 13,000
e) Provision for bad debts Rs. 10,000
f) Provision for income Tax Rs. 16,000
g) Donation Rs. 10,000
h) Depreciation Rs. 17,000 (allowable as per IT Rs. 12,000)
Compute his income from business for the assessment year 2024-25.
Rs. 4,30,000
Danny thought he was done with buying mobile phones until his daughter told him she had dropped her phone in the sho while listening to her favorite podcast. No amount of rice was going to bring her flooded phone back to life, so he loaded h up with a sigh and drove to their local mobile phone ______. As he looked at the retail prices, he found himself longing for the lower wholesale prices associated with business products.
A) factory
B) reseller
C) straight rebuy office
D) raw material supply store
B) reseller
An incentive should be which of the following?
- Reasonable and proportionate
- Carry a valid business purpose
- Designed to achieve targets
Reasonable and proportionate
Two partners invested Rs 50,000 and Rs 70,000 respectively in a business and agreed that 70% of the profits should be divided equally between them and the remaining profit in the ratio of investment. If one partner gets Rs 90 more than the other, find the total profit made in the business.
A) Rs 1800
The Following trial balance was extracted from James Bond's Business as at 31 December 2022:
| ACCOUNT | DR | CR |
|---|---|---|
| Sales Revenue | 394100 | |
| Sales Returns | 18000 | |
| Purchases | 296000 | |
| Purchases Returns | 24000 | |
| Inventory: 1.1.2022 | 20000 | |
| Salaries and wages: | ||
| Administration staff | 6750 | |
| Sales staff | 11250 | |
| Electricity expenses: | ||
| Administration area | 4700 | |
| Sales division | 4300 | |
| General office expenses | 6000 | |
| cleaning and maintenance | 3000 | |
| Insurance expense | 5000 | |
| Stationery expense | 4000 | |
| Advertising expense | 4000 | |
| Security expenses: | ||
| Admin office | 800 | |
| Sales office | 1200 | |
| Bank loan interest | 1650 | |
| Interest incoome | 1350 | |
| Furniture and fittings | 100000 | |
| Motor Vehicles | 100000 | |
| Office Equipment | 50000 | |
| Trade receivables | 12000 | |
| Trade payables | 18000 | |
| Cash at bank | 46000 | |
| Sales commission received | 800 | |
| Discount received | 1200 | |
| Capital: 1.1.2022 | 280000 | |
| Drawings | 24800 | |
| 719450 | 719450 |
Additional Information
1. Closing inventory was valued at K25000
2. Write off of bad debts
3. Provision for doubtful debts is 5%.
4. Insurance expenses of K1200 were prepaid.
5. Accrued Advertising expenses K500
6. Depreciation Mota vehicu 10/0
Required:
a. Prepare the classified income statement for the year ended 31 December 2022.
b. Prepare the statement of Owner's equity for the year ended 31 December 2022.
a) Prepare the classified income statement for the year ended 31 December 2022.
b) Prepare the statement of Owner's equity for the year ended 31 December 2022.
Select all the correct answers.
Which two factors directly affect the price of a stock?
A. coupon rate
B. the company's business performance
C. compound interest
D. investor demand for the stock
E. unemployment rate
B) the company's business performance D) investor demand for the stock
What is considered a good credit score?
A. 700
B. 100
C. 1,000
D. 500
A. 700
Deputy Director
Operations and
Construction
Deputy Director
Properties and HR
Maintenance
Foreman
Public Safety
And Noise
Manager
Administrative
Assistant
Maintenance
Aircraft Rescue
Personnel
Fire Fighting
Airport
Security
Deputy Director
Finance
A memo from the deputy directors to the Airport Board is an example of which type of organizational message?
a. upward
b. downward
c. lateral
d. grapevine
a. upward
Select the correct answer.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others.
A. equilibrium
B. law of demand
C. law of supply
D. negative externality
E. positive externality
E) positive externality
Deputy Director Operations and Construction
Airport Director
Deputy Director Properties and HR
Deputy Director Finance
Maintenance Foreman
Public Safety And Noise Manager
Administrative Assistant
Maintenance Aircraft Rescue
Airport Personnel
Fire Fighting Security
A Board approved Safety manual for Airport Security is an example of
a. formal upward message
b. formal downward message
c. formal lateral message
d. informal grapevine message
b. formal downward message
Which activity would most likely damage your credit report?
A. Staying in the same job for several years
B. Paying all of your bills on time
C. Not applying for any credit cards
D. Having several credit cards, but never using them
D) Having several credit cards, but never using them
