1102. In static budget, difference between corresponding budgeted amount and actual result is called

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A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance
✅ The correct answer is option D.
In static budget, difference between corresponding budgeted amount and actual result is called static budget variance. Static budget variances are the differences between what a company or individual thought it would spend in its budget versus what it actually did.

1099. _________ is an attitude formed by a long-term, overall evaluation of a firm’s performance.

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A. Customer satisfaction
B. Negative disconfirmation
C. Positive disconfirmation
D. Service quality
✅ The correct answer is option D.
Service quality is an attitude formed by a long-term, overall evaluation of a firm’s performance. Service quality generally refers to a customer’s comparison of service expectations as it relates to a company’s performance.

Financial institutions having loans swapped for bonds can sell all bonds in

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A. under-developed markets
B. developed markets
C. primary markets
D. secondary markets
✅ The correct answer is option D.
Financial institutions having loans swapped for bonds can sell all bonds in secondary markets. A secondary market is a marketplace where already issued securities both shares and debt can be bought and sold by the investors. So, it is a market where investors buy securities from other investors, and not from the issuing company.

1093. ECS means ___________________.

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A. Enterprise Collaboration System
B. Economical Calculation Service
C. Enterprise Communication System
D. Economical Communication Service
✅ The correct answer is option A.
ECS means Enterprise Collaboration System. An Enterprise Collaboration System (ECS) is an information system used to facilitate efficient sharing of documents and knowledge between teams and individuals in an enterprise. ECS tools include the Internet, groupware, various forms of software and hardware and internal and external networks.

94. The term procurement stands for

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A. recruitment and selection
B. training and development
C. pay and benefits
D. health and safety
✅ The correct answer is option A.
The term procurement stands for recruitment and selection. Recruitment and Selection is an important operation in HRM, designed to maximize employee strength in order to meet the employer’s strategic goals and objectives. It is a process of sourcing, screening, shortlisting and selecting the right candidates for the required vacant positions.

Type of Eurobonds which are convertible are considered as

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A. related to international market
B. related to equity
C. related to common stock
D. related to national market
✅ The correct answer is option B.
Type of Eurobonds which are convertible are considered as related to equity. Eurobonds are generally issued by corporation and governments needing secure, long-term funds and are sold through a geographically diverse group of banks to investors around the world.

93. Successful managers are

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A. Efficient & effective
B. Strict to employees
C. Wrong Policy makers
D. Wrong decision makers
✅ The correct answer is option A.
Successful managers are efficient & effective. In management, operating in efficient and in effective ways is a key to good performance and to successfully reaching the goals set for the business. While efficiency and effectiveness are similarly desirable characteristics of business behavior, either one is often seen as attainable only at the expense of the other.

Markowitz model presumed generally investors are

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A. risk averse
B. risk natural
C. risk seekers
D. risk moderate
✅ The correct answer is option A.
Markowitz model presumed generally investors are risk averse. The term risk-averse refers to investors who, when faced with two investments with a similar expected return, prefer the lower-risk option.

Which of the following is a good example of horizontal flow in an organization?

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A. When employees give their supervisors reports listing their accomplishments during the last year
B. When the department heads of marketing and research get together for a meeting
C. When, at a party, the vice-president’s secretary tells the husband of one of the employees about plans for layoffs
D. When a supervisor issues a statement to all subordinates explaining new travel policies
✅ The correct answer is option B.
When the department heads of marketing and research get together for a meeting is a good example of horizontal flow in an organization. Horizontal flow refers to the flow of information among people at the same or similar organizational levels, whereas diagonal flow refers to the flow of information among persons at different levels, who have no direct reporting relationships.