Management Basics Notes Questions with Answers PDF Download - 7

Crown corporations are considered part of the public sector organizations. These are the organizations which are

1. Working in collaboration with the private sector
2. Not run by the government but are at the "arm's length"
3. Owned by the crown leadership of the country
4. Working as a bridge between public and private sector

Time is a scarce resource which needs to be managed effectively and efficiently because once wasted it cannot be renewed. Managers need to prioritize their tasks on four D's. Choose the best suitable answer

1. Do, Delay, Disperse, Dispose
2. Do, Delegate, Delay, Delete
3. Do, Delay, Disperse, Delete
4. Delay, Delete, Disperse, Dispose

Ratios are the mathematical indicators which are calculated by comparing two values. Financial ratios helps in

1. estimating the company's gross profit
2. Understanding the financial workings of the company
3. Analyzing the financial statements
4. Understanding the internal working structure of the company

There are two sources of working capital i.e. short term and long term sources of finance. Short term sources would include

1. Bank overdrafts, bank loans and trade credits
2. Inventory, Receivables and overdrafts
3. Bank loans, stock and tax credits
4. Inventory, trade credits and tax credits

Petty cash fund is defined as the

1. Amount of cash separated for small expenditures
2. Amount separated for legal cases
3. Amount separated for purchasing equipment's
4. Amount separated to pay off debts