715. Which is a type of auction?

by
A. Open descending
B. Open close
C. Sealed price
D. Sealed ascending
✅ The correct answer is option A.
Open descending is a type of auction. An auction market is a market in which buyers indicate the highest price they are willing to pay and sellers indicate the lowest price they are willing to accept. A trade occurs when the buyer and seller agree on a price.

58. Supply of human and material resources and helps to achieve the objective of business is

by
A. planning
B. organisation
C. management
D. control
✅ The correct answer is option B.
Supply of human and material resources and helps to achieve the objective of business is organisation. An organization or organisation is an entity comprising multiple people, such as an institution or an association, that has a particular purpose.

If there is no receiver, there is no

by
A. communication
B. sender
C. Message
D. Media
✅ The correct answer is option A.
If there is no receiver, there is no communication. Communication requires a sender, a message, and a recipient, although the receiver may not be present or aware of the sender’s intent to communicate at the time of communication. Communication requires that the communicating parties share some area of commonality.

703. Target operating income is multiplied to tax rate and then subtracted from target operating income to calculate

by
A. target net cost
B. target net income
C. target net gain
D. target net loss
✅ The correct answer is option B.
Target operating income is multiplied to tax rate and then subtracted from target operating income to calculate target net income. Target income is the profit that the managers of a company expect to attain for a designated accounting period.

54. Which statements are incorrect?

by
A. Recruitment and selection are part of the sourcing/attraction process
B. Selection creates a pool of talent to consider for future jobs
C. Recruitment enables the selection phase
D. All of the above statements are incorrect
✅ The correct answer is option B.
Selection creates a pool of talent to consider for future jobs is incorrect. A talent pool is a database of individuals created by a recruiter during the application process. This database is usually made within an Applicant Tracking System. When a candidate applies for a job, the recruiter is able to put them into a specific and relevant talent pool by tagging candidate profiles.

53. Systematic and orderly process of determining the worth of a job in relation to other jobs is

by
A. Worth job specification
B. Job description
C. Job evaluation
D. Job identification
✅ The correct answer is option C.
Systematic and orderly process of determining the worth of a job in relation to other jobs is Job evaluation. Job evaluation is an assessment of the relative worth of various jobs on the basis of a consistent set of job and personal factors, such as qualifications and skills required.

695. What is the key variable in executing visionary strategy creation at the competitive strategy level?

by
A. Seizing the opportunities presented
B. Formalized planning
C. Innovation
D. Learning
✅ The correct answer is option C.
Innovation is the key variable in executing visionary strategy creation at the competitive strategy level. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products.

693. In accounting, possibility of deviation of actual amount from an expected amount is classified as

by
A. contribution
B. certainty
C. uncertainty
D. margin
✅ The correct answer is option C.
In accounting, possibility of deviation of actual amount from an expected amount is classified as uncertainty. Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown.

691. Gross margin is added into cost of sold goods is to calculate the

by
A. revenues
B. operating leverage
C. contribution margin
D. operating margin
✅ The correct answer is option A.
Gross margin is added into cost of sold goods is to calculate the revenues. Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income. Sales Revenue formula. Revenue is also known as sales on the income statement.