Question#1 Answer: B (Marketing Research) (reference: http://www.marketingpower.com/abouta...marketing.aspx )
Question#2 Answer: C (Human resource Management)
Question # 3 Answer: B (Marketing) (reference: http://www.marketingpower.com/abouta...marketing.aspx)
Question# 4 Answer: C (unions) (Reference: http://en.wikipedia.org/wiki/Trade_union)
Question# 5 Answer: A (it is intended to benefit the current period) (reference: http://blog.accountingcoach.com/capi...e-expenditure/)
Question# 6 Answer: A (capital) (reference: http://www.svtuition.org/2008/10/acc...of-shares.html )
Question# 7 Answer: B (written down value)
(Reference: golden mcqs on commerce page # 23, mcq # 70)
Question# 8 Answer: B (an order containing terms of trade) (reference: http://www.businessdictionary.com/de...on/indent.html)
Question# 9 Answer: B (an importer) (a LC is opened by a bank, on behalf of a buyer (importer) for guarantee of payment to seller (exporter))
Question# 10 Answer: B ((NET PROFIT/ (TOTAL SALES- SALES RETURNS)) *100)
Question# 11 Answer: A (Quick ratio) (reference: http://www.svtuition.org/2010/06/imm...ncy-ratio.html)
Question# 12 Answer: B (4:1) (calculation: x= 0.5, y=0.4, z=0.1 if x retires y: z is (0.4: 0.1 = 4 or 4:1)
Question# 13 Answer: D (350000)
Calculation:
Sales: 480000
(Minus) C0GS: 640000 (came by putting value of option D) (purchases plus stock beginning minus stock ending)
= -160000 which is gross loss and equals to 25% of COGS
Question# 14 Answer: B (17195) (formula: Assets=liabilities+owner’s equity)
Question# 15 Answer: A (Second hand securities) (reference: golden mcq’s on commerce page# 144, mcq# 3)