Q.1
Capital invested in a firm is 5,00,Normal rate of return is 10%. Average profit of the firm are 64,(after an abnormal loss of 4,000). Value of goodwill at four times the super profits will be:
  • 72000
  • 70000
Q.2
Which of the following is NOT one of thestrategic OM decisions listed in the text?
  • quality
  • location selection
  • marketing
  • layout design
Q.3
Following are the factors affecting goodwill except_______
  • Nature of business
  • Efficiency of management
  • Technical know-how
  • Location of the customers
Q.4
Following are the methods of calculating goodwill except:
  • Super profit method
  • Average profit method
  • Weighted Average profit method
  • Capital profit method
Q.5
The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called :
  • Goodwill
  • Super profits
  • Surplus
  • Reserve
  • Goodwill
Q.6
Below are the roles of operations manager EXCEPT _________.
  • planning on capacity, locations, products & services,make or buy, layout and do projects scheduling
  • develop an incentive plan, issuance of work orders & job assignment.
  • manage the inventory, control the quality, costs and productivity
  • produce financial reports and develop direct investment activities
Q.7
Any change in the relationship of existing partners which results in an end of the existing agreement and enforces making of new·agreement is called:
  • Reconstitution of Partnership Firm
  • Revaluation of partnership Firm
Q.8
Reserves and accumulated profits are transferred to partners ' capital accounts at the time of reconstitution in:
  • old profit sharing ratio
  • Gaining ratio
  • Sacrificing Ratio
  • New profit-sharing ratio
Q.9
……..should compensate …………..in the case of reconstitution of the firm.
  • Gaining partner, sacrificing partner
  • gaining partner sacrificing partner
  • gainer sacrificer
  • business, partners
Q.10
How would you find the average speed of a marathon runner throughout an entire race?
  • Ask a magic 8 ball
  • You would take the entire distance the runner traveled and divide the distance by the total time it took the runner to complete the race.
  • run along side them and eyeball it
  • Ask Alexa
Q.11
A file that is sent along with an email message is called a(n):
  • Attachment
  • Add-on
  • Document
  • Selected file
Q.12
While calculating capital employed the following assets are ignored.
  • fixed assets
  • floating assets
  • current assets
  • fictitious assets
Q.13
Which one is TRUE for the medium range forecast?
  • New product planning, facility location, research and development
  • Forecasts tend to be more accurate than longer-term forecasts
  • Purchasing, job scheduling, workforce levels, job assignments, production levels
  • Forecast on sales, production planning and budgeting.
Q.14
Increase and decrease in the value of assets and liabilities are recorded through:
  • Partners' Capital Account
  • Revaluation Account
  • Profit and Loss Appropriation Ne
  • Balance Sheet
Q.15
A and B are partners in a firm sharing profits in the ratio of 3 :They decided to share future profits equally. Calculate A’s gain or sacrifice
  • 1/10 sacrifice
  • 1/10 (S)
  • 1/10
  • 1/10 sacrifice
Q.16
Accounting standard................only Purchased goodwill should be recorded.
  • 26
  • 26
  • 26.5%
Q.17
Self Generated Goodwill can also be termed as ............. Goodwill
  • Non Purchased goodwill
  • Non Purchased goodwill
  • Yas Purchased goodwill
Q.18
Market rate of return on investment isand rate of risk return on capital invested is 4%. The NRR is
  • 16%
  • 16%
  • 16.5%
  • All of above
Q.19
Find the Range of:3 1 6 2 2
  • 3
  • 4
  • 5
  • 6
Q.20
All businesses must complete some marketing activities even if that is not their focus.
  • True
  • False
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