456. Step in initial public offering in which hired agents act on behalf of owners is classified as

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hiring problems
agency problems
corporation internal problems
corporation external problems
✅ The correct answer is B.
Step in initial public offering in which hired agents act on behalf of owners is classified as agency problems. The agency problem is a conflict of interest inherent in any relationship where one party is expected to act in another’s best interests. In corporate finance, the agency problem usually refers to a conflict of interest between a company’s management and the company’s stockholders.

453. In which method of filing, all the letters and documents are passed in the book in chorological order?

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Box file
Bound book
Metal holders
Pillar file
✅ The correct answer is B.
In Bound book method of filing, all the letters and documents are passed in the book in chorological order. Whenever papers are to be filed, they are pasted on leaves of books in a chronological order. Small papers of varying sizes are filled in the bound book.

447. The definition for ‘hospital’ does not envisage which of the following?

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5 inpatient beds in towns with a population of < 10 lakh and 10 beds in other places
Qualified medical practitioner round the clock
Fully-equipped operation theatre
Daily records of patients to be maintained
✅ The correct answer is A.
Hospital is an institution in which sick or injured persons are given medical or surgical treatment by professional doctors. Therefore, according to the definition of hospital, the first option is not correct and the rest are correct.

444. An agent can work on which of the following bases for successful results?

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Natural market is a source of market for a life insurance agent
A satisfied client can be an effective referral to an agent for further references
Family and friends can offer an easy opportunity for being contacted for life insurance selling
All of the above
✅ The correct answer is D.
All of the above will help an agent to get successful results. An agent can work on which of the following bases for successful results: Natural market is a source of market for a life insurance agent. A satisfied client can be an effective referral to an agent for further references. Family and friends can offer an easy opportunity for being contacted for life insurance selling.

434. “S produces and sells one product, P, for which the data are as follows: Selling price Rs 28 Variable cost Rs 16 Fixed cost Rs 4 The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period. Due to market changes both the selling price and the variable cost are expected to increase above the budgeted level in the next period. If the selling price and variable cost per unit increase by 10% and 8% respectively, by how much must sales volume change, compared with the original budgeted level, in order to achieve the original budgeted profit for the period?”

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10.1% decrease
11.2% decrease
13.3% decrease
16.0% decrease
✅ The correct answer is B.