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- Question
Every SOP must have the signature of the ____ within your chain of command before it is a legal document.
- Correct Answer
- SOP means Standard Operating Procedure A standard operating procedure is a set of step-by-step instructions compiled by an organization to help workers carry out complex routine operations SOPs aim to achieve efficiency, quality output and uniformity of performance, while reducing miscommunication and failure to comply with industry regulations Every SOP must have the signature of the approving authority within your chain of command before it is a legal document
- 1. For a good that is a luxury demand
Options- A. has unit elasticity
- B. tends to be inelastic
- C. tends to be elastic
- D. cannot be represented Discuss
- 2. Which type of unit is charged with regulating business? Discuss
- 3. A business organized as a corporation
Options- A. Is owned by its stockholders
- B. Has tax advantages over a proprietorship or partnership
- C. Is not a separate legal entity in most states
- D. Requires that stockholders be personally liable for the debts of the business Discuss
- 4. Capital budgeting is primarily concerned with
Options- A. planning future financing needs
- B. minimizing the cost of capital
- C. capital formation in the economy
- D. evaluating investment alternatives Discuss
- 5. Other things equal an improvement in productivity will
Options- A. shift the aggregate demand curve to the left
- B. shift the aggregate supply curve to the right
- C. increase the equilibrium price level
- D. shift the aggregate supply curve to the left Discuss
- 6. The ability of a corporation to obtain capital is
Options- A. about the same as a partnership
- B. enhanced because of limited liability and ease of share transferability
- C. restricted because of the limited life of the corporation
- D. less than a partnership Discuss
- 7. A binding price floor causes
Options- A. Excess demand for the goods
- B. Surplus supply of goods
- C. Less supply of goods
- D. No demand for the goods Discuss
- 8. The demand curve facing a perfectly competitive firm is
Options- A. Line sloping upwards
- B. Horizontal line
- C. Line sloping downwards
- D. Vertical line Discuss
- 9. Ratio analysis can be useful for
Options- A. Evaluate financial performance of a company
- B. To improve profits of a company
- C. Evaluate sales
- D. None of the above Discuss
- 10. Which one of the following statements with regard to Antrix Corporation Limited is correct?
Options- A. It is a commercial arm of the Department of Industrial Policy and Promotion.
- B. It is under the administrative control of the Department of Space.
- C. It is under the administrative control of the Ministry of Health and Family Welfare.
- D. It is a commercial arm of the Department of Science and Technology. Discuss
Business Awareness problems
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Correct Answer: tends to be elastic
Explanation:
For a good that is a luxury demand tends to be elastic.
Correct Answer: Commission is charged with regulating business
Correct Answer: Is owned by its stockholders
Explanation:
A business organized as a corporation is owned by its stockholders.
Correct Answer: evaluating investment alternatives
Explanation:
Capital budgeting is the process by which a company or an industry determines whether projects such as investing in R&D, opening a new branch, replacing a machine are worth pursuing. A project is worth pursuing if it increases the value of the company. Capital budgeting also known as investment appraisal.
It is primarily concerned with evaluating investment alternatives.
Correct Answer: shift the aggregate supply curve to the right
Correct Answer: enhanced because of limited liability and ease of share transferability
Correct Answer: Surplus supply of goods
Explanation:
A price floor is the minimum price that can be charged. A binding price floor occurs when the government sets a required price on goods at a price above equilibrium. Because the government requires that prices not drop below this price, that price binds the market for that good.
A binding price ceiling is one that is set below equilibrium price.
Correct Answer: Horizontal line
Explanation:
The demand curve facing a perfectly competitive firm is a horizontal straight line equal to the equilibrium price of the entire market because a perfectly competitive firm can sell all units brought to market at the same price.
Correct Answer: Evaluate financial performance of a company
Explanation:
Ratio analysis helps us to evaluate various aspects of a company's operating and financial performance such as its efficiency, liquidity, profitability and solvency. The trend of these ratios over time can be used to check whether they are improving or deteriorating.
Correct Answer: It is under the administrative control of the Department of Space.
Explanation:
Antrix Corporation Limited (ACL), Bengaluru is a wholly owned Government of India Company under the administrative control of the Department of Space. Antrix Corporation Limited was incorporated as a private limited company owned by Government of India in September 1992 as a Marketing arm of ISRO for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO. As the commercial and marketing arm of ISRO, Antrixis engaged in providing Space products and services to international customers worldwide.
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