December 2011 - Paper 2

26:  

Which of the following accounting equations is not correct?

A.

Assets - Liabilities = Equity

B.

Assets - Equity = Liability

C.

Assets + Liabilities = Equity

D.

Liabilities + Equity = Assets

 
 

Option: C

Explanation :

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27:  

In a predominantly illiterate area consisting of 10,000 population, data has to be collected from 10% of them. The appropriate technique for data collection would be

A.

Questionnaire

B.

Schedule

C.

Interview

D.

All the above

 
 

Option: C

Explanation :

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28:  

Match the following statements with their authors:

Statement

a. "Marketing mix is a pack of four sets of variables, namely; product variables, price variables, promotion variables and place variables". 

b. "The marketing mix is the set of marketing tools the firm uses to pursue its marketing objectives in the target market."

c. "Marketing is the managerial process by which products are matched with markets and through which transfers of ownership are affected."

d. "Marketing is concerned with all the resources and activities involved in the flow of goods and services from producer to consumer".

Author

i. Wheeler

ii. Cundiff, Still & Govoni

iii. McCarthy

iv. Philip Kotler

A.

a b c d

ii iv i iii

B.

a b c d

i ii iv iii

C.

a b c d

iv iii i ii

D.

a b c d

iii iv ii i

 
 

Option: C

Explanation :

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29:  

The concept of Quality circles is a brain child of

A.

Karou Ishikawa

B.

Munchu

C.

Japanese Union for Scientists & Engineers

D.

None of the above

 
 

Option: A

Explanation :

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30:  

Which of the following is the best example of Agreement between oligopolists?

A.

GATT

B.

OPEC

C.

WTO

D.

UNIDO

 
 

Option: B

Explanation :

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