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Questions in business

[Free] Induction programs are designed to: (A) Introduce new employees to the organization (B) Increase sales (C) Improve financial performance (D) Enhance product design

[Free] 1. Peter bought a non-current asset for $5000 and depreciated it at 10% per annum on the straight line basis. At the end of year 2 he sold it for $4100. What was the profit or loss on disposal? A) $50 loss B) $50 profit C) $100 loss D) $100 profit 2. Safir bought a machine for $10,000 and depreciated it at the rate of 30% per annum on the reducing (diminishing) balance basis. What was the net book value at the end of year 2? A) $4000 B) $4900 C) $5100 D) $6000 3. Why is depreciation provided? A) to estimate the cost to the business of wear and tear B) to set aside funds for future repairs to the asset C) to spread the cost of an asset over its useful life 4. On 1 January 2014 Alex had a motor vehicle with an original cost of $17,000 on which depreciation of $6,800 had been provided. On 1 April 2014 he bought a new vehicle, costing $24,000. He sold the old one and received a cheque for $9,400. Alex provides depreciation on motor vehicles at the rate of 40% per annum on the reducing (diminishing) balance basis. He allows a full year's depreciation in the year of purchase and none in the year of disposal.

[Free] Advanced manufacturing uses over 40,000 types of materials to create its products. Is this statement TRUE or FALSE?

[Free] A key advantage of a sole proprietorship over a partnership is: A. Liability B. Taxation C. All of these D. Control

[Free] Alpha is an associate of Delta. How should profits generated by Alpha be shown in the consolidated accounts of Delta? A. All the profits after tax generated by Alpha are included by consolidating the revenue and expenses of Alpha on a line-by-line basis from revenue down to profit for the year. B. Delta's share of Alpha's profit after tax is included by the payment of a dividend from Alpha to Delta, which is shown in the consolidated statement of profit or loss of Delta. C. Delta's share of Alpha's profit after tax is included in the consolidated statement of profit or loss of Delta as a single amount. D. All the profits after tax generated by Alpha are included in the consolidated statement of profit or loss of Delta as a single amount.

[Free] What was your experience working and living remotely? Many of us take it for granted today but back then not so much. Now, many organizations across the county are calling for moving back on-site. What do you see as advantages of collaborating directly with your colleagues compared to remote?

[Free] To receive commissions for the sale of insurance products, an individual is required to: A. Have at least 5 years of experience in the insurance industry. B. Perform the duties of an insurance consultant. C. Complete a minimum of 30 hours of continuing education. D. Have an insurance license for the line of authority they wish to sell.

[Free] On 1.1.2013, a machine was purchased for ₹ 1,00,000, installation charges being ₹ 5,000. The estimated life of the machine is three years and it fetches a scrap value of ₹ 12,000. Depreciation is written off under fixed installment method. On 31.12.2015, the machine was sold for ₹ 18,000 and on the same day a new machine was purchased for ₹ 2,00,000. Show machine account for three years when books of accounts are closed on 31st December.

[Free] What is the primary purpose of a business report? A. To advertise a new product B. To provide detailed information and analysis on a specific topic C. To announce the financial position to shareholders D. To entertain the business results

[Free] Machines in a job shop layout are arranged in groups of similar machines. Is this statement TRUE or FALSE?