PGT Commerce Level-3 (HTEТ), Exam 2016Total Questions: 15091. Answer the following questions by selecting the most appropriate option.Commission received is:A. Real accountB. Nominal accountC. Personal accountD. LiabilityCorrect Answer: B. Nominal account92. Master budget is:A. Functional BudgetB. Operating BudgetC. Summary BudgetD. Financial BudgetCorrect Answer: C. Summary Budget93. Which of the following is not the stage of product life cycle?A. IntroductionB. GrowthC. Market segmentationD. DeclineCorrect Answer: C. Market segmentation94. Which element of the promotion mix do wholesalers generally apply to obtain their promotional objective?A. AdvertisingB. Personal sellingC. Trade promotionD. Direct marketingCorrect Answer: C. Trade promotion95. On what date GATT was transformed into WTO?A. 31 January, 1995B. 1 January, 1995C. 30 June, 1995D. 31 December, 1995Correct Answer: B. 1 January, 199596. X and Y shares profits in the ratio of 3 : 2. Z was admitted as partner who sets 1/5 share. New profit sharing ratio, if Z acquires 3/20 from X and 1/20 from Y would be:A. 9 : 7 : 4B. 8 : 8 : 4C. 6 : 10 : 4D. 10 : 6 : 4Correct Answer: A. 9 : 7 : 497. ISI is the Quality Certification Mark used in the case of:A. Beauty productsB. Electrical equipmentC. Food productsD. AutomobileCorrect Answer: B. Electrical equipment98. Which of the following is not a part of planning process?A. Setting objectivesB. Implementing plansC. Measurement of actual performanceD. Follow-upCorrect Answer: C. Measurement of actual performance99. Consider the following items:(i) Debenture (ii) Prepaid rent (iii) Interest accrued (iv) Bank overdraft Which of them are current liabilities?A. (i), (ii), (iii) and (iv)B. (iv)C. (ii), (iii) and (iv)D. (i), (ii), and (iii)Correct Answer: B. (iv)100. ERG (Existence; Relatedness, Growth needs) theory of motivation was developed by:A. Freud LuthansB. ScottC. AlderferD. Peter DruckerCorrect Answer: C. AlderferSubmit Quiz« Previous123456789101112131415Next »
