Question : Kavya ltd. prepared budget in its Annual general meeting for the year 2016-17. What kind of plan is it?
Option 1: Single use plan
Option 2: Standing plan
Option 3: Objective plan
Option 4: None of the above
Correct Answer: Single use plan
Solution : A budget is a numerically expressed statement of expected results. Budget results are always measurable and, most of the time, predictable. Managers at all levels prepare budgets. The budget is a one-time use plan. Hence, option 1 is the correct answer.
Question : The principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment. Which significance of principal of management is discussed here?
Option 1: General guidelines
Option 2: Meeting changing environment requirements
Option 3: Scientific decisions
Question : ------------------ is the fund, the use of which is restricted either by the management or by the donor for a specific purpose.
Option 1: Restricted Fund
Option 2: General fund
Option 3: Capital Fund
Question : ----------- is a fund set up to use for distribution as prizes, say for achievements or contributions to the welfare of society.
Option 1: Prize fund
Option 2: General Reserve
Question : The vacant post of general manager can be filled through promoting branch manager to the position of general manager. Which source of recruitment is highlighted in the given statement?
Option 1: Promotion
Option 2: Direct recruitment
Option 3: Transfer
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