1. A firm has beginning accounts receivables of `375,000, and ending accounts receivables of `400,000. The sales were `2,500,000 including cash sales of `600,000. Calculate the accounts receivable turnover ratio of the company.

a) 0.76 b) 6.45 c) 4.75 d) 4.90

2. Which of the following statement best describes the operating profit margin?

a) It shows what portion of profits are being distributed to shareholders

b) It shows what return is being made on assets employed in the business

c) It shows how well a company is controlling its costs, including overheads

d) It shows how efficiently a company is turning profits into cash

3. Which one of the following is NOT a limitation of financial statements?

 a) They always present the pastb) They always present the monetary termsc) They do not help in assessment of future profitabilityd) They give no information about management and employee

relations

4. ABC Company sold a plant asset that originally cost `50,000 for `22,000 cash. If the company correctly reports a `5,000 gain on this sale, the accumulated depreciation on the asset at the date of sale must be:

a) `27,000b) `33,000c) `28,000d) `23,000

5. Which one of the following statement indicates the Inventory turnover ratio?

a) How quickly the company prepared its inventory b) How quickly the company converts its inventory into cashc) How quickly the company purchases its inventoryd) How quickly the company sells its inventory

6. XYZ Company has `120,000 cash, `50,000 as accounts receivables, `10,000 as allowance for doubtful accounts, `30,000 as work in progress inventory, `45,000 as finished goods, `40,000 land purchased in the current year. Calculate the value of current assets.

a)  `275,000b) `285000c) `210,000d) `235,000

7. It is calculated as the percentage change in quantity demanded of a given good, with respect to the percentage change in the price of “another” good. “It” is:

a) Income elasticity of demandb) Cross income elasticity of demandc) Cross price elasticity of demandd) Cross supply price elasticity

8. The burden of a tax is shifted toward buyers if:

a) Demand is perfectly elastic.b) Demand is relatively more inelastic than supply.c) Demand is relatively more elastic than supply.d) Demand and supply have equal elasticity.

9. Assume “Leisure” is a normal good. If income effect equals substitution effect then a wage rate increase will lead a person to:

a) Increase hours of workb) Decrease hours of workc) Not change hours of workd) None of the given options

10. Assume that the government sets a ceiling on the interest rate that banks charge on loans. If the ceiling is set below the market equilibrium interest rate, the result will be :

a) A surplus of credit.b) A shortage of credit.c) Greater profits for banks issuing credit.d) A perfectly inelastic supply of credit in the market place.

11. Due to capacity constraints, the price elasticity of supply for most products is :

a) The same in the long run and the short run.b) Greater in the long run than in the short run.c) Too uncertain to be estimated.d) Greater in the short run than in the long run.

12. A "Giffen good" is defined as one for which:

a) The demand curve is positively sloped.b) Marginal utility is zero.c) The demand curve is perfectly elastic.d) The substitution effect is positive.

13. When we rank an individual’s values in order of their ________, we obtain the person’s value system.

a) Intensity b) Contentc) Contextd) Social needs

14. Which of the following is true of people with a Type A personality?

a) They are generally content with their place in the world b) They generally feel little need to discuss their achievementsc) They are easy going and relaxed that’s why take no tension of

workd) They have an intense desire to achieve and are extremely

competitive

15. Zahid is undergoing a great deal of stress at his job. Zahid performs several duties during the course of a day and finds that the accomplishment of one duty directly competes or interferes with the successful accomplishment of another duty. It can be said that Zahid is most probably experiencing:

a) Role ambiguity b) Role conflictc) Personal conflictd) Relationship conflict

16. Saad comes to you with a request for funds for a project. He reminds you that company policy supports his position. He is using the tactic of :

a) Coalitions b) Consultationc) Legitimacy d) Pressure

17. Which of the following is the term used to refer to establishing effective relationships with key people inside and/or outside an organization?

a) Networking b) Politicking c) Interest groupd) Lobbying

18. What is the term used for a general impression about an individual based on a single characteristic such as intelligence, sociability, or appearance?

a) The contrast effect b) Personal biasc) The halo effectd) Projection

19. Asma has composed a list of concerns along with her suggestions for improving conditions. Asma is dealing with her dissatisfaction through ___.

a) Exit b) Voicec) Loyaltyd) Neglect

20. Sadaf has a low absenteeism rate. She takes responsibility for her health and has good health habits. She is likely to have a(an):

a) Internal locus of control b) External locus of controlc) Core locus of controld) High emotional stability level

21. In the context of regression analysis, which of the following statements are true? I. A linear transformation increases the linear relationship between variables. II. A logarithmic model is the most effective transformation method to achieve linearity. III. A residual plot reveals departures from linearity.

a) I onlyb) II only c) III only d) I and II only

22. A national consumer magazine reported the following correlations:The correlation between car weight & car reliability is -0.30.The correlation between car weight & annual maintenance cost is 0.20. Which of the following statements are true?I. Heavier cars tend to be less reliable. II. Heavier cars tend to cost more to maintain. III. Car weight is related more strongly to reliability than to maintenance cost.

a) I only b) II only c) III only d) I, II, and III

23. Suppose a researcher conducts a study to find the average height of 6th grade students. Which of the following statement(s) are true?I. Height is a categorical variable. II. Height is a discrete variable. III. In this study, the researcher will work with univariate data.

a) I only

b) II only c) III only d) I and III

24. In hypothesis testing, which of the following statements are always true? I. The P-value is computed from the significance level. II. The P-value is a test statistic.III. The P-value is the parameter in the null hypothesis. IV. The P-value is a probability.

a) I and II b) II and IIIc) III and IVd) IV only

25. Which of the following statements is true:I. The standard error is computed solely from sample attributes. II. The standard deviation is computed solely from sample attributes. III. The standard error is a measure of central tendency.

a) I only b) II only c) III only d) None of the above.

26. Every year, 50,000 runners compete in the Peachtree Road Race. They run 10 kilometers (a little over 6 miles). The average finishing time is 55 minutes, with a standard deviation of 10 minutes. Fred and Wilma completed the race in 61 and 51 minutes, respectively. Barney and Betty had finishing times with z-scores of -0.3 and 0.7, respectively.The list of the runners in order, starting with the fastest runner and ending with the slowest runner is:

a) Wilma, Barney, Fred, Betty b) Barney, Wilma, Fred, Betty c) Wilma, Barney, Betty, Fred d) Betty, Fred, Barney, Wilma

27. How many such pairs of letters are there in the word KNIGHT, each of which has as many letters between them in the word as they have in the English alphabet?

a) Noneb) Onec) Twod) Three

28. If ‘@' means ‘multiplied by', $ means ‘addition by', # means ‘divided by' and ‘%' means ‘subtraction by‘ then what is the value of (360 # 24 $ 56 @ 5 % 48)?

a) 253b) 242c) 247d) 285

29. If it is possible to make a meaningful word from the second, the third, the tenth and the eleventh letters of the word PASSIONATELY using each letter only once, second letter of that word is your answer. If no such word can be formed your answer is X and if more than one word can be formed your answer is Y.

a) Ab) Ec) Xd) Y

30. Pointing to a photograph Nikita said ‘She is the only grad daughter of my grandmother's daughter'. How is the girl in photograph related to Nikita?

a) Sisterb) Niece/ daughterc) Auntd) None of the above