Commerce & Accountancy

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Q. What is the role of a manager in the context of change management?
  • A. To resist change
  • B. To facilitate and guide change
  • C. To ignore change
  • D. To enforce strict policies
Q. What is the role of a manager in the controlling function?
  • A. Setting goals
  • B. Monitoring performance
  • C. Motivating employees
  • D. Developing strategies
Q. What is the role of a marketing intermediary?
  • A. To manufacture products
  • B. To facilitate the distribution of products
  • C. To set prices for products
  • D. To conduct market research
Q. What is the role of a marketing manager?
  • A. To oversee production processes
  • B. To manage financial accounts
  • C. To develop and implement marketing strategies
  • D. To handle customer service inquiries
Q. What is the role of a marketing mix in a business case study?
  • A. To analyze financial performance
  • B. To develop a comprehensive marketing strategy
  • C. To manage human resources
  • D. To improve production efficiency
Q. What is the role of a SWOT analysis in marketing?
  • A. To evaluate financial performance
  • B. To assess market trends
  • C. To identify strengths, weaknesses, opportunities, and threats
  • D. To determine pricing strategies
Q. What is the role of advertising in marketing?
  • A. To manage customer relationships
  • B. To inform and persuade potential customers
  • C. To conduct market research
  • D. To develop new products
Q. What is the role of an entrepreneur in a business?
  • A. To manage daily operations
  • B. To innovate and take risks
  • C. To oversee financial transactions
  • D. To maintain employee relations
Q. What is the role of government in the business environment?
  • A. To eliminate competition
  • B. To regulate and support businesses
  • C. To control pricing of all goods
  • D. To manage employee relations
Q. What is the role of leadership in the context of management principles?
  • A. To enforce rules strictly
  • B. To inspire and motivate employees
  • C. To manage finances
  • D. To create policies
Q. What is the role of planning in management as demonstrated in a case study where a company sets long-term goals?
  • A. To establish a clear direction
  • B. To manage daily operations
  • C. To control financial resources
  • D. To enhance employee morale
Q. What is the role of social media in marketing?
  • A. To replace traditional advertising
  • B. To engage with customers and build brand loyalty
  • C. To increase production speed
  • D. To reduce marketing costs
Q. What is the significance of a cost sheet in managerial accounting?
  • A. It helps in tax planning
  • B. It aids in pricing decisions
  • C. It is used for external reporting
  • D. It is not significant
Q. What is the significance of branding in marketing?
  • A. It reduces production costs
  • B. It helps in product differentiation
  • C. It increases employee morale
  • D. It simplifies distribution
Q. What is the significance of case studies in business education?
  • A. They provide theoretical knowledge only
  • B. They offer real-world examples for practical learning
  • C. They focus on historical business failures
  • D. They are used to create financial models
Q. What is the significance of market research in understanding the business environment?
  • A. It is only useful for large companies
  • B. It helps in identifying customer needs and preferences
  • C. It is a waste of resources
  • D. It only focuses on financial data
Q. What is the significance of preparing a cost sheet for management?
  • A. To determine tax obligations
  • B. To assess financial performance
  • C. To aid in pricing decisions
  • D. To prepare cash flow statements
Q. What is the significance of regulatory factors in the business environment?
  • A. They are irrelevant to business operations
  • B. They can create barriers to entry for new businesses
  • C. They only affect multinational corporations
  • D. They simplify business processes
Q. What is the significance of SWOT analysis in the business environment?
  • A. It focuses only on external factors
  • B. It helps in identifying strengths, weaknesses, opportunities, and threats
  • C. It is only useful for large corporations
  • D. It eliminates the need for strategic planning
Q. What is the significance of the trial balance in the final accounts preparation?
  • A. It ensures that all transactions are recorded
  • B. It helps in calculating depreciation
  • C. It is used to prepare the cash flow statement
  • D. It is not significant
Q. What is the significance of the trial balance in the preparation of final accounts?
  • A. It ensures all transactions are recorded
  • B. It helps in calculating tax
  • C. It is the final step in accounting
  • D. It is used to prepare the cash flow statement
Q. What is the significance of understanding cultural factors in the business environment?
  • A. They have no impact on business operations
  • B. They only affect marketing strategies
  • C. They influence consumer behavior and business practices
  • D. They are only relevant for multinational companies
Q. What is the significance of understanding the business environment for managers?
  • A. It helps in ignoring external factors
  • B. It allows for better decision-making and strategy formulation
  • C. It is only important for marketing teams
  • D. It has no real impact on business success
Q. What is the significance of understanding the competitive environment in business?
  • A. It helps in setting prices for products
  • B. It allows for better employee management
  • C. It aids in identifying potential market opportunities and threats
  • D. It ensures compliance with legal regulations
Q. What is the standard rate of GST applicable on most goods and services in India?
  • A. 5%
  • B. 12%
  • C. 18%
  • D. 28%
Q. What is the straight-line method of depreciation?
  • A. Depreciation expense is the same each year.
  • B. Depreciation expense decreases each year.
  • C. Depreciation expense increases each year.
  • D. Depreciation is not recorded.
Q. What is the tax rate applicable for individuals with an income between Rs. 2.5 lakh to Rs. 5 lakh for the financial year 2022-23?
  • A. 5%
  • B. 10%
  • C. 15%
  • D. 20%
Q. What is the tax rate applicable to a resident individual with a taxable income of Rs. 12,00,000 for the financial year 2022-23 under the old tax regime?
  • A. 10%
  • B. 20%
  • C. 30%
  • D. 25%
Q. What is the tax rate applicable to income above Rs. 10 lakh for individual taxpayers in India?
  • A. 10%
  • B. 20%
  • C. 30%
  • D. 40%
Q. What is the tax rate applicable to income above Rs. 10 lakhs for individual taxpayers in India?
  • A. 10%
  • B. 20%
  • C. 30%
  • D. 40%
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