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WorksheetsLEARNING 3.0 (Phase 2) Multiple Choice Questions
Total questions: 30
Worksheet time: 23mins
Liquid assets is determined by
Current assets – stock - Prepaid expenses
Current assets + stock + prepaid expenses
Current assets + Prepaid expenses
None of the above
Determine stock turnover ratio if, Opening stock is Rs 31,000, Closing stock is Rs 29,000, Sales is Rs 3,20,000 and Gross profit ratio is 25% on sales.
31 times
11 times
8 times
32 times
Blockchain technology would primarily assist a manufacturing organization in.
Inventory reduction
Just in time production
Transparency and security of transactions
Effective integration of departments
The ideal level of liquid ratio is
3:3
4:4
5:5
All of the above
Industry 4.0 is primarily defined as the use of
Automation
Cyber physical systems
Cloud computing facilities
Inter- connectivity between organizations
JIT essentially deals with
Elimination of waste from the system
Arrival of parts when required by the operation
Reduction of lead time
Cost reduction
A force in the environment to which businesses must respond and that influences the direction of the business is called a business:
Driver
Threat
Process
Matrix
German Companies generally:
do not recognize the profit until the project is completely finished and they have been paid
recognize profits before the project is finished
recognize profits when the project is initialized
do not recognize the profits until they have been formally audited
Two principal methodologies for establishing the essential information requirements of the organization as a whole are:
enterprise analysis and portfolio analysis
business systems planning and critical success factors
enterprise analysis and business systems planning
capital budgeting and portfolio analysis
Expertise and experience of organizational members that has not been formally documented best describes:
Wisdom
Information
Data
Tacit Knowledge
You have been asked to implement enterprise software for a manufacturer of kitchen appliances. What is the first step you should take?
Select the functions of the system you wish to use
Map the company’s business processes to the software’s business processes
Map the software’s business processes to the company’s business processes
Select the business processes you wish to automate
A balanced scorecard for measuring company performance
involves putting equal emphasis on the achievement of financial objectives, strategic objectives,and social responsibility objectives
entails setting both financial and strategic objectives and putting balanced emphasis on their achievement
helps prevent the pursuit of strategic objectives from dominating the pursuit of financial objectives
is necessary in order to prevent the drive for achieving financial objectives from weakening the attention paid to social responsibility, community citizenship, and other worthy goals
A balanced scorecard can fulfill the following functions:
a. Strategic management system
b. Communication Tool
c. Measurement system
a,c
a,b,c
New entrant companies to an industry are least likely to fear retaliation from incumbent firms if
Industry growth rate is low
Industry growth rate is high
Industry has high fixed costs
Industry growth rate is slow, and Industry has high fixed costs
Earliest start of a succeeding activity is:
a. Lowest of the earliest finish of preceding activities.
b. Highest of the earliest finish of preceding activities.
c. In-between a and b
d. None of the above
Latest finish of the preceding activity is:
Highest of the latest start of succeeding activities
Lowest of the latest start of succeeding activities
In-between a and b
None of above
Critical path in a network is:
a. Shortest path of the network.
b. Longest path of the network
c. In-between a and b
d. None of above
Probability of completing project in expected time in three time estimate is:
100%
50%
75%
None of the above
ABC analysis is an inventory control technique in which:
a.Inventory levels are maintained
b. Inventory is classified into A, B and C category with A being the highest quantity, lowest value.
c. Inventory is classified into A, B and C Category with A being the lowest quantity, highest value
d. Either b or c.
Responsibility Centre can be categorized into:
Cost Centers only
Profit Centers only
Investment Centers only
Cost Centers, Profit Centers and Investment Centres
Conversion cost includes cost of converting__________into________ .
Raw material, WIP
Raw material, Finished goods
WIP, Finished goods
Finished goods, Saleable goods
Cost Unit is defined as:
Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control.
Centers having the responsibility of generating and maximizing profits
Centers concerned with earning an adequate return on investment
Fixed cost is a cost:
Which changes in total in proportion to changes in output
which is partly fixed and partly variable in relation to output
Which do not change in total during a given period despise changes in output
Which remains same for each unit of output
The vision of a company relates to the following:
How to build Competitive Advantage for the Strategic Business Unit (SBU)
How to implement the Company’s Strategies
The Company’s long term destination to be achieved in a specific time frame
The Company’s objectives to be achieved in the long term
A Company’s Mission relates to the following:
The reason for a Company’s existence and what it does today
The core values which guide a company’s operations.
A Company’s policy relating to the environment and ecological improvement
A Company’s Standard operating Procedures.
A Company’s Strategic plan includes the following:
The Company’s long term objectives
The Company’s Vision + Mission + Strategy
How to Build Competitive Advantage for the Strategic Business Unit (SBU)
Country entry strategies for the chosen country markets
In SCAMPER model “P” stands for
Problem solving
Pricing the product
Putting to another use
Being pragmatic
Reducing the risk of using a product will be considered as -------------- in SCAMPER model:
Combine
Eliminate
Adapt
Reverse
The Idea turns into opportunity when:
It can solve the significant problem of the customers.
It adds a significant value to the customer
If there is a good fit between the idea and the entrepreneurial team.
All of above
In the AEIOU of Design thinking, “E” stands for
Engineering
Empowerment
Environment
Engagement
