Question : There is a hierarchical relationship between the _______.
Option 1: groups
Option 2: components
Option 3: Both 1 and 2
Option 4: All of the above
Correct Answer: Both 1 and 2
Solution : There is a hierarchical relationship between the groups and its components. In order to maintain the hierarchical relationships between a group and its subgroups, proper codification is required to ensure neatness and of classification. Hence the correct option is 3.
Question : Codification of Accounts required for the purpose of:
Option 1: Hierarichal relationship between groups amd components
Option 2: Data Processing faster and preparing of final accounts
Option 3: Keeping data and information secured
Option 4: None of the above
Question : The interaction between political parties and pressure groups is characterized by:
Option 1: Complete independence and isolation
Option 2: Mutual influence and collaboration
Option 3: Constant conflict and competition
Option 4: A hierarchical relationship
Question : Which type of relationship exist between rate of dividend and share price?
Option 1: Direct relationship x
Option 2: Indirect relationship
Option 3: Inversely proportional relationship
Question : What kind of relationship exists between income and demand in the case of normal goods?
Option 1: There is no impact of income on demand.
Option 2: There is a direct relationship.
Option 3: There is an inverse relationship.
Option 4: Sometimes, there is a direct and sometimes an inverse relationship.
Question : Accounts must be codified in order to:
Option 1: maintain a hierarchy between groups and components
Option 2: process data more quickly and prepare final accounts
Option 3: keep data and information safe
Option 4: none of the above.
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