Business Awareness problems
- 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 Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: tends to be elastic
Explanation:
For a good that is a luxury demand tends to be elastic.
- 2. Every SOP must have the signature of the ____ within your chain of command before it is a legal document. Discuss
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
- 3. 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 Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk
Correct Answer: enhanced because of limited liability and ease of share transferability
- 4. 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 Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
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.
- 5. The demand curve facing a perfectly competitive firm is
Options- A. Line sloping upwards
- B. Horizontal line
- C. Line sloping downwards
- D. Vertical line Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
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.
- 6. 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 Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
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.
- 7. 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. Also asked in: Bank Exams
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.
- 8. Which of the following BPO companies is wholly-owned subsidiary of polaris Software?
Options- A. Spectramind
- B. Drogeon
- C. WNS
- D. Optimus Discuss
Correct Answer: Optimus
- 9. Smoke alarms are only necessary in the workplace.
Options- A. TRUE
- B. FALSE Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: FALSE
Explanation:
Smoke alarms are also necessary in public places like banks, theaters, rest rooms, aeroplanes,...
- 10. The term 'degrees of newness' is associated with
Options- A. total years of business experience
- B. degree of design change
- C. average length of time on the job
- D. average age of employees Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: degree of design change
Explanation:
The term 'degrees of newness' is associated with degree of design change. How much the design changes that much newness comes in it.
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