MGT 401 MGT 401 MGT 401 MGT 401 Quiz Quiz Quiz Quiz 27, 27, 27,

27, 27, 27,April, 2011 April, 2011 April, 2011 April, 2011

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Quiz Start Time: 01:33 PM Time Left 74
sec(s)


Question # 1 of 15 ( Start time: 01:33:11 PM ) Total Marks: 1
Which of the following is(are) example(s) of Borrowing costs?
Select correct option:

Interest on bank overdrafts
Interest on short-term borrowings
Interest on long-term borrowings
All of the given options





Quiz Start Time: 01:33 PM Time Left 89
sec(s)


Question # 2 of 15 ( Start time: 01:34:18 PM ) Total Marks: 1
Which of the following sections of the Companies Ordinance 1984 is related to the
Statutory Meeting?
Select correct option:

Section 157
Section 158
Section 159
Section 160




Quiz Start Time: 01:33 PM Time Left 89
sec(s)




Question # 3 of 15 ( Start time: 01:35:16 PM ) Total Marks: 1
Which company is required to represent financial statements after every three, six and
twelve months to SECP and shareholders by Companies Ordinance 1984?
Select correct option:

Public Listed Company
Public Unlisted Company
Single Member Company
Private Unlisted Company




Quiz Start Time: 01:33 PM Time Left 88
sec(s)


Question # 4 of 15 ( Start time: 01:36:42 PM ) Total Marks: 1
Which of the following is/are example(s) of research activities?
Select correct option:

Activities aimed at obtaining new knowledge
The search, evaluation, final selection and application of research findings
The search for alternatives
All of the given options



Quiz Start Time: 01:33 PM Time Left 89
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Question # 5 of 15 ( Start time: 01:37:34 PM ) Total Marks: 1
In case of calling Extraordinary General Meeting (EOGM), at least how much voting
right is required by any director or share holder of a company according to Companies
Ordinance 1984?
Select correct option:

5% voting rights
10% voting rights
15% voting rights

20% voting rights







Quiz Start Time: 01:33 PM Time Left 89
sec(s)


Question # 6 of 15 ( Start time: 01:39:01 PM ) Total Marks: 1
Who elect the Managing Director of a company?
Select correct option:

Board of Managers
Board of Employees
Board of Directors
Board of Revenue



Quiz Start Time: 01:33 PM Time Left 88
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Question # 7 of 15 ( Start time: 01:40:20 PM ) Total Marks: 1
Which one of the following is TRUE with respect to FIFO in inventory valuation?
Select correct option:

First-In-First-Out
First-In-Freight-Out
Freight-In-First-Out
Freight-In-Freight-Out



Quiz Start Time: 01:33 PM Time Left 88
sec(s)


Question # 8 of 15 ( Start time: 01:40:44 PM ) Total Marks: 1
Which one of the following type(s) of information is(are) available in 4th and 5th
schedule of the Companies Ordinance 1984?
Select correct option:

Definitions and general requirements for preparation and presentation of financial
statements
Requirements for Balance Sheet
Requirements for Profit and Loss Account


All of the given options





Quiz Start Time: 01:33 PM Time Left 88
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Question # 9 of 15 ( Start time: 01:41:07 PM ) Total Marks: 1
Which of the following IAS affect(s) the recognition, presentation and discourse of fixed
assets in financial statements?
Select correct option:

IAS 01
IAS 16
IAS 23
All of the given options




Quiz Start Time: 01:33 PM Time Left 89
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Question # 10 of 15 ( Start time: 01:42:34 PM ) Total Marks: 1
Which of the following IAS deals with Inventories?
Select correct option:

IAS 38
IAS 23
IAS 02
IAS 16




Quiz Start Time: 01:33 PM Time Left 89
sec(s)


Question # 11 of 15 ( Start time: 01:43:53 PM ) Total Marks: 1
According to Companies Ordinance 1984, at least what percentage of majority favor is
required to pass the "Special Resolution"?


Select correct option:

45%
60%
75%
90%


Quiz Start Time: 01:33 PM Time Left 78
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Question # 12 of 15 ( Start time: 01:45:24 PM ) Total Marks: 1
LIFO means?
Select correct option:

Last-In-First-Out
Large Integrated Financial Organization
The Last-In-First-Out method of approximating the cost of stock


Quiz Start Time: 01:33 PM Time Left 87
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Question # 13 of 15 ( Start time: 01:45:41 PM ) Total Marks: 1
Company ABC is limited by shares which incorporated in the year of 2005. At the time
of incorporation, the Memorandum of Association was developed according to which
section of Companies Ordinance 1984?
Select correct option:

Section 16
Section 17
Section 18
Section 19




Quiz Start Time: 01:33 PM Time Left 86
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Question # 14 of 15 ( Start time: 01:47:12 PM ) Total Marks: 1
Which of the following business is formed by the approval of State Bank of Pakistan?
Select correct option:



Money Exchange Company
Non Banking Finance Corporation
Trade organization u/s 42 of the Companies ordinance 1984
Corporate Brokerage House



Quiz Start Time: 01:33 PM Time Left 89
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Question # 15 of 15 ( Start time: 01:48:39 PM ) Total Marks: 1
Which of the following is the deduction or allowance allowed by a creditor to a debtor?
Select correct option:

Trade Discount
Cash Discount
Purchases return
Sales return