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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