JY CHEN - Ask Anything, Learn Everything. Logo

Questions in business

[Free] Why does insurance often provide "peace of mind"? A. People know their insurance coverage will help prevent accidents and damage. B. People trust that they will make a profit if they pay insurance premiums. C. People are not concerned about their health if they can pay for doctor's visits. D. People are less worried when they know they have protection from risk.

[Free] Demonstrating opportunity cost is done through production A. analysis. B. possibility. C. calculation. D. research.

[Free] A medical administrative assistant is closing out the petty cash financial receipts for the month. How much money is usually kept in a petty cash fund? A. $25.00 to $100.00 B. $100.00 to $175.00 C. $175.00 to $250.00 D. $250.00 to $325.00

[Free] Within a major, students can choose to study a specific area. This is called a(n): A. general study. B. elective. C. minor. D. specialization.

[Free] Shipping and receiving is responsible only for receiving materials for manufacturing the product, not for shipping to the customer. Is this statement TRUE or FALSE?

[Free] Rate the effectiveness of the following actions you could take: 1. Agree with your colleagues that you should not involve Joe in this project, but inform your manager that Joe should be involved in any other projects where possible. Options: Counterproductive, Ineffective, Fairly Effective, Effective 2. Tell your colleagues that it would be good to involve Joe and try to identify some tasks where he is best suited to help out. Options: Counterproductive, Ineffective, Fairly Effective, Effective 3. Suggest that Joe is involved in the project as it will be a good learning opportunity for him. Options: Counterproductive, Ineffective, Fairly Effective, Effective 4. Tell your colleagues that you will let Joe assist with just your tasks so that they do not have to spend any time showing him what he needs to do. Options: Counterproductive, Ineffective, Fairly Effective, Effective

[Free] Which of the following is NOT a direct benefit of service excellence? A. Improved attitudes B. Satisfied customers C. A larger budget D. A better working environment

[Free] When establishing a new correspondent banking relationship, what is the step a bank should take? A. Document responsibilities B. Evaluate the institution's AML/CFT measures C. Obtain executive management approval D. Gather information on the respondent institution

[Free] A customer has an outage that requires sending a technician to solve it. You know the process will involve adding the customer to the queue and won't be solved today. What do you do? A. Explain the situation and let the customer know they will have a technician as soon as possible. B. After explaining the situation, discuss short-term options the customer can do in the meantime while they wait for the technician. C. Tell the customer the fastest appointment time you can get and that unfortunately there are no other options.

[Free] Bhanu and Bhoomi are partners in a firm sharing profit and loss in the ratio of 2:1. Balance Sheet as on 31.03.2024 Liabilities ₹ Assets ₹ Creditors 20,000 Cash in Hand 37,000 Bills Payable 4,000 Stock 25,000 General Reserve 6,000 Buildings 40,000 Capitals: Bhanu 80,000 Debtors 17,000 Bhoomi 40,000 Less: Provision for Doubtful Debts 1,500 15,500 Furniture 14,500 Plant & Machinery 18,000 Total 1,50,000 Total 1,50,000 On 01.04.2024, Akash is admitted into partnership on the following terms: (a) Akash should bring ₹29,000 as capital. (b) Goodwill of the firm is valued at ₹24,000. (c) Stock is to be increased by 10%. (d) Provision for doubtful debts is increased to ₹2,500. (e) Capital accounts of partners are to be adjusted in their new profit sharing ratio 3:2:1, based on Akash's capital after adjusting goodwill (Adjustments to be made in cash). (f) Sacrifice ratio of old partners is 1:0. Prepare: (i) Revaluation Account. (ii) Partners' Capital Accounts. (iii) Balance Sheet of the new firm. (Ans: Revaluation profit- ₹1,500; Capital Account Balances: Bhanu-₹75,000, Bhoomi-₹50,000, Akash-₹25,000; New Balance Sheet total: ₹1,74,000)