Question Bank Acon-1
Question Bank Acon-1
Question Bank Acon-1
1. __ is someone or a business that sells products & services to consumers for their personal or
family use?
a. Customer
b. Retailer
c. Manager
d. Salesman
5. A supply network is characterized by players who work together to reduce cycle times and costs,
share information, build strategies together. What do they collectively form?
a. Recycle enterprise
b. Retailer enterprise
c. Supply enterprise
d. Consumer-oriented enterprise
7. __ consists of the factors in the company's immediate environment that affects the
performance of the company. These include the suppliers, marketing intermediaries
,competitors, customers and public
a. Micro Environment
b. Macro Environment
c. Plant Environment
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d. Factory
8. In a company, decision to hire a legal advisor to validate the legal terms included in a
procurement are better to be taken by
a. Executives
b. Middle Management
c. Senior Management
d. None of the above
10. ___ are the different steps taken by Infosys as a part of infosys role in sustainability
a. Carbon calculation and interfacing
b. Carbon measuring prototype
c. Web application for carbon emissions from employee cars
d. All of the above
11. What is an organized group of employees who come together to strengthen their bargaining?
a. Job description
b. Welfare Committee
c. Outside Union
d. Trade Union
14. The process of measuring the quality of policies, programs, products, rules and other measures
of an organization against the standard measures or against the other companies is termed as?
a. Analysis
b. Testing
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c. Quality check
d. Benchmarking
15. The minimum number of shareholders needed to form a public limited company? (if its private
then 2)
a. 3
b. 5
c. 7
d. 9
16. Declaration of any term in contract as void under the local law, shall not affect the other terms
in the contract is implied by __ in procurement contracts
a. Contract Adjustment
b. Voidability
c. IP Rights
d. Confidentiality
18. ___ is necessary to identify optimum level of effort required to define operations?
a. Effort Estimation
b. Resource utilization
c. Productivity
d. On time delivery
19. The maximum no. of shareholders who can invest in a private limited company are?
a. 25
b. 50
c. 75
d. 100
20. ___ is a form of control to check the accuracy of the records maintained by the bank & business
a. Bank reconciliation statement
b. Profit and loss account
c. Balance sheet
d. Fund flow statement
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23. ___ is the process of estimating ,tracking and controlling product and service costs
a. Cost accounting
b. Cost center accounting
c. Price control
d. Pricing
24. A firm's financial position directly affects the market price of its shares. Hence __ are the
lookout for this information because of which major companies declare their numbers with
much fanfare
a. Customers
b. Quality management
c. Shareholders
d. Managers
27. Which of the following relatively may not be a Sensitive personal Information?
a. Aadhar number
b. Religion
c. Employee ID
d. Biometrics
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29. Creation of quotation or order,updating order statuses are generally the functions of ?
a. Front office applications
b. Financials
c. Logistics and fulfilments
d. Suppliers
34. Which of the following are the main sectors in health care industry?
a. Pet care
b. General merchandise
c. Household care
d. Baby foods ( personal care )
b. Ethernet Address
c. Ethernet Repeater
d. Ethernet Switch
36. ___ is the expenditure incurred in one accounting year and the benefits from which is also enjoyed
in the same period only.This expenditure does not increase the earning capacity of the business but
maintains the existing earning capacity of the business.It includes all the expenses which are
incurred during day to day running of business
a. Revenue Expenditure
b. Value Expenditure
c. Debit value expenditure
d. None of the above
38. ___ is a set of rules to manage business process management programs and initiatives
a. Process reports
b. Process Governance
c. Business code
d. Operations code
41. ___ takes care of identifying customer for products and developing products as per customer
needs. It also decides on the price, based on the understanding of what customers will be willing
to pay for the products. It also tries to convince customers to buy the product through detailed
advertising and promotion strategies
a. Marketing
b. Servicing
c. Sales
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d. Feedback
42. __ is the money obtained frm the sale of goods,interest on deposits, dividends on investments?
a. Credit Note
b. Discount voucher
c. Debit note
d. Revenue Receipt
45. __ and __ is a precursor for any company to increase supply chain efficiencies
a. Employee management and welfare
b. Data consistency and integrity
c. Employee bonus and hike
d. Cost cutting and productivity ( doubt)
46. __ is a listing of all sub-assemblies, intermediates, parts and raw material that go into apparent
assembly showing the quality of products to make one unit of parent assembly
a. Plant stock
b. Factory product
c. Bill of material
d. Outlet product
47. which of the following are key product issues in manufacturing industry?
a. Proliferation of end products
b. Mass customization
c. Innovation lead in the market
d. All of the above
51. __ is the address used to send a packet to any one of a group of nodes
a. Unicast
b. Bicast
c. Multicast
d. Anycast
52. __ includes the assets and capital investments that are needed to start up and conduct
business,even at a minimal stage. These assets are considered fixed which are not consumed or
destroyed during the actual production of a good or service but have a reusable value
a. Current liabilities
b. Fixed Capital
c. Financial Planning
d. Capital Expenditure
53. which of the following can be considered as a shadow issue in an organization as part of TC
(Theory of constraints) consulting framework
a. Strategy and plans
b. Sales turnover
c. Regular quality complaints
d. Governance issues resulting in employee dissatisfaction
b. Bubble chart
c. Box Plot
d. Correlation analysis
56. BCD Ltd. Handles maintanance services for ABC motor corporation which manufactures 4-
Wheelers and also services them. One of ABC's customers had approached BCD Ltd for a tyre
replacement and the vehicle falls under warranty period. BCD Ltd registers customer's request
and assigns a service executive considering the customer's warranty period.What is the next
step in resolving customer's issue as part of Enterprise CRM cycle ?
a. Back office responses
b. Front office responses
c. Operations
d. Finance
57. Which of the following statement is true regarding sales order (SO)?
a. SO is a seller generated document that authorizes the sale of specified items
b. SO is issued after the receipt of a customer’s purchase order
c. SO will give all the details about the ship to address of the customer , tax details ,
shipping details etc
d. All of the above options
60. Shareholders of a firm are interested in the Financial statements of the company due to which
of the following reasons?
a. Firm’s financial position directly affects the market price of it’s shares
b. Shareholders want to know what dividend they can expect
c. Shareholders want ti find out if they should continue to invest in the company
d. All of the above
61. Which of the following credit term is a secured payment term wherein the customer's bank
undertakes the risk on the transaction and guarantees payment to the supplier?
a. Open credit
b. Letter of credit
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c. Sight draft
d. Payment upon delivery
62. Which of the following is the accounting rule for Nominal Account?
a. Debit what comes in , Credit what goes out
b. Debit the receiver Credit the giver
c. Debit all expenses and losses , Credit all incomes and gains
d. None of the options
64. Which of the following statement/statements is/are true for Accounts payable?
a. AP is the money due to supplier who have supplied goods on credit
b. AP is a liability to the company
c. AP arises in the books of accounts because accrual method of accounting
d. All of the above
68. __ are sent to remind the customers of payment if they fail to pay on time
a. Invoices
b. Purchase Orders
c. Dunning letters
d. Letter of credit
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69. __ is/are the amount of money a company owes such as accounts payable , short-term loans
and accrued expenses, which are due for payment within a year
a. Current Liabilities
b. Current Assets
c. Credit Invoice
d. Debit Invoice
70. The economic entry Assumption in Financial accounting states that ___
a. Only the transaction data that can be expressed in terms of money should be included
in the accounting records
b. The Business is separate from the owner's business transactions & is a separate entity.
c. The Business will continue in operation long enough to carry out existing obectives
d. None of the options
71. For ensuring the delivery of a particular product quantity within a particular time and at a
particular price, ___ is used
a. Sales quotation
b. Credit invoice
c. Inquiry form
d. Debit invoice
72. Service Representative visiting a customer can be termed as ___ support in CRM
a. Level 4
b. Level 3
c. Level 2
d. Level 1
73. The movement of goods between main Warehouse to outside storage is called __
a. In-Transit inventory
b. External inventory
c. In-house inventory
d. None of the above
74. ___ is the case where the CRM is hosted and run by the systems within the company
a. On-premise CRM
b. Off-premise CRM
c. Outer premise CRM
d. Inner premise CRM
88. ___ calculates the short time plans for manufacturing resources, typically on a weekly basis.
Capacity Requirements Planning
89. __ is produced to provide for known patterns of seasonal demand and planned promotions.
Build Stock
90. Which of the following calculations will help in tracking the income statement of a Retailer?
All of the above
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91. __ implies different from existing ideas/inventions, which is one of the criteria to be met in
identifying patents of an organization
a. Novelty
b. Usefulness
c. Non obviousness
d. Copymark
97. Which of the following is/are the ideals of CRM in terms of relationship with customer?
a. Long term
b. Co-operative
c. Transactional
d. Short-interval
98. What is the process of forecasting an organization future demand for and supply of the right
type of the people?
a. Market analysis
b. Human Resource Planning
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c. Recruitment
d. Forecasting
99. What is the major technology being piloted and tested which helps the manufactures to trace
the position of goods on a real time basis in the supply chain?
a. RFID (Radio Frequency Identification Device)
b. BRID (Bluetooth Range Identification Device)
c. WID (Wireless Identification Device)
d. IRFID (Infra-Red Frequency Identification Device)
106. __ is the mutually agreed price of the products or services that the Buying firm pays to
the Supplier
a. Contract price
b. Market price
c. Retail price
d. Wholesale price
107. __ deals with presentation of merchandise, store and window displays for gain
Visual Merchandising
108. __ is one of the main factors to be considered during payments for finished
Procurement
a. Credit Period (doubt)
b. Freight Taxes
c. Goods Quality
d. Additional Taxes
109. __ consumes the acquired goods or services for direct use or ownership, instead of
resale or use in production
Consumer
110. Which of the following is/are metrics for Transportation Costs Minimization?
a. Minimizing empty miles
b. Maximizing route diversions
c. Fleet utilization
d. Manpower utilization
111. Which of the following statements is not true related to Depreciation on Fixed asset?
a. Depreciation is a cash expense
b. Depreciation is the systematic allocation of depreciable cost of an asset over it’s useful
life
c. Depreciation is claimed on the asset as the value of an asset reduces due to wear and
tear
d. None of the options
113. A company has earned profits in a quarter increasing its share value in the market. The
company decides to approach the banks around and raise significant funds by mortgaging few of
its assets for a better growth in the upcoming quarters. This decision of the company can be
termed as ___ decision.
Investment
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114. As per the matching principle of Accounting, Expenses should be matched with ?
a. Losses
b. Profits
c. Revenues
d. Costs
117. Which of the following phases involves generating confidence in the employee to open
up and frankly shares their perceptions,
Rapport building
Credit Note
125. __ considers the Master Production Schedule, the parts required to make the product
,inventory available and calculates the quantity required for each part
Material requirement planning
126. Which department processes the supplier invoices in a timely and efficient manner
Payables Department
127. __ is the money invested by the company to carry out its day to day activities
a. Working Capital
b. Current Assets
c. Current Liabilities
d. None of the options
128. Which among the following are the characteristics of ERP system
All of the above / doubt
129. __ gives an idea of the current assets,liabilities and capital owned by an organization
Balance Sheet
130. The minimum number of shareholders needed to form a private limited company?
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131. Ranking different products available in the market for a specific purpose can be termed
as __ step in Customer Buying Behaviour
a. Need Arousal
b. Information Search
c. Evaluation of Alternatives
d. Pre-Purchase Decision
133. ABC Ltd. Is a consultancy service provider.Which of the following functions of ABC can
be termed as part of Value Addition cycle ?
a. Billing clients
b. Providing health facilities to employees
c. Recruiting new employees
d. None of the above
136. Which of the following Store Attributes affect the consumer's choice?
a. Product Assortment
b. Atmospherics
c. Customer service
d. All of the above
138. The __ has been a primary cause for the growth of personal data communications. The
arrival of the __ allowed users to connect to remote information services.
WWW(World Wide Web) / doubt
139. In Telephony,__ is a procedure which takes place between network nodes involving the
exchange of information for the purpose of setting up,controlling and ending an event.
Signalling
140. Store management has three distinct aspects- Store Resource Management, Store
infrastructure Management and Sales & Services Management
TRUE
142. __ refers to the action plans or procedures followed to achieve an aim. It is a statement
or a series of statements which outline what the organisation wants to achieve in the long-term.
Strategy
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143. __ is defined as "Product of the intellect that has commercial value. This may include
proprietary software ,hardware ,designs ,copyrights etc
Intellectual property
145. Privacy is about giving an individual the ability to choose which __ about him or her may
be disclosed with whom and for what purpose
personal information
146. The action or business of promoting and selling products or services, including market
research and advertising is known as
Marketing
148. __ is a retail store layout which has selling fixtures arranged in loosely grouped
,informal, nonlinear formalities for free movement.
a. Grid layout
b. Free-flow layout
c. Loop layout
d. Soft Aisle layout
151. Referring the career development cycle, which of the following is the stage begins when
a new employee joins an organisation exist between what the organisation is and what the ideal
organization should actually be?
Establishment stage
158. ABC Ltd a Fabrication company have recruited 500 fresh recruits who are to join
tomorrow and complete an ent……their joining date. Which of the following HR processes are to
be performed further?
a. Recruitment
b. Onboarding
c. Employee engagement
d. Employee exit
162. __ are the costs associated with determining the degree to which product conforms to
its specifications
Appraisal cost
163. In case of direct order which of the following options can sales department adopt
a. Reject order
b. Hold order
c. Process enquiry
d. Won order
164. __ is a graph that is used to study the process changes plotted along time order
Control chart
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166. PQR Ltd is a Finance corporation providing its services in tracking and reporting financial
transactions of ABC Ltd. Which of the following are the steps to be followed post creating
journal entries and before period close? (multi-choice question)
a. Record journal entries
b. Post journal entries to Ledgers
c. Conversions and Re-valuations
d. Run Trial Balance
170. ABC Ltd. A Petro chemical manufacturer produces LPG for domestic purposes. Ethylene
is needed as a refrigerant for LPG. A customer had approached ABC for delivery of 100 cylinders
of LPG. Assuming that a need of Ethylene procurement has also been identified internally to
ABC, which of the following is the correct sequence of SCM steps to be followed for this
process? ( S.O – Sales Order , P.O – Purchase Order, P.R -Purchase Requisition , G.R – Goods
Receipt )
a. S.O , P.O , G.R , LPG Production , Picking , Packing , Shipping and Billing
b. S.O , P.R , P.O , G.R , LPG Production , Picking , Packing , Shipping and Billing
c. P.R , P.O , G.R , LPG production , S.O , Picking , Packing , Shipping and Billing
d. P.O , G.R , LPG Production , S.O , Picking , Packing , Shipping and Billing