Question 1

Which of the following specific markets engage in creation, liquidation and change of ownership of stock?

Options :

A : Financial

B : Construction

C : Retail

D : Manufacturing

E : Agriculture

Answer: A

Question 2

Which of the following can directly affect labour variance? Select TWO that apply:

Options :

A : Company-s budget

B : Wage rate per hour

C : Overtime

D : Inflation

E : Overhead expenditure

Answer: B,C

Question 3

Which kind of these following costs belong to the direct costs? Select TWO options

Options :

A : The materials and supplies needed for the company’s day-to-day operations.

B : An employee is hired to work on a project, either exclusively or for an assigned number of hours

C : Advertising and marketing communication

D : Clerical assistants who maintain the office

E : Raw materials

Answer: B,E

Question 4

Which of the following is the structured approach for defining customer requirements and translate them into technical specification?

Options :

A : Kano model

B : Thomas-Kilmann model

C : Mendelow-s matrix

D : Quality function deployment

Answer: D

Question 5

Which of the following specific markets is most likely to require enormous investment in machineries and access to skilled workforce?

Options :

A : Agriculture

B : Construction

C : Retail

D : Manufacturing

E : Finance

Answer: D

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