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James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.
While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.
Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.
Which of the following would be a suitable decision on James’ part?
  • a)
    Sending the corrected report to CFO and division manager.
  • b)
    Sending the corrected report to the division manager first, asking him to look into it.
  • c)
    Sending the corrected report to the CFO alone, pointing out James' predecessor’s mistake.
  • d)
    Making a personal note of the error but not sending out a corrected report.
  • e)
    Telling one of the analysts to send out the corrected report to the CFO and the division manager.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
James is a recent graduate who has just started his first job in the f...
Solution: Sending the report to the CFO might prove detrimental to James’ predecessor’s career, but as a part of his responsibility towards his employer, James must point out the error to the division manager and ask him to look into it. Thus, the correct decision would be to bring the error to the division manager’s notice and ask him to act accordingly. This vindicates option 2 as the right decision.
Option 1 could prove to be a hasty course of action on his part. It would be better to check with the division manager first. Eliminate option 1.
Option 3 is unethical since James has to report to both, the division manager and the CFO. Eliminate option 3.
Option 4 would be irresponsible since it is necessary that James discloses any errors he finds in the reports he reviews. Eliminate option 4.
Option 5 does not make for a good decision since it makes James appear cowardly and passive in his duties towards his job.
Hence, the correct answer is option 2.
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James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer?
Question Description
James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer?.
Solutions for James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
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However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. 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However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice James is a recent graduate who has just started his first job in the finance department of a major publicly traded Silicon Valley company. One of his main responsibilities is to create and distribute extensive reports that analyze costs and revenues for different divisions. James sends completed reports to his direct supervisor and the CFO. The CFO then uses the information while planning economic strategies and forecasting for the company, often referencing the data during critical meetings.While James considers himself to be detailed-oriented, the complicated nature of the reports and the sheer volume of data can sometimes be overwhelming, particularly since they have strict deadlines. Though James works hard to prepare the reports as accurately as possible, he often finds errors after he has already sent them off as finals. When the errors are critical, he revises the reports and resends them. However, some of the errors are minor in his estimation, and he doubts that the CFO will use or look at these figures. James is ambitious and wants to be promoted, but worries that if he sends out frequently updated reports, he will appear unreliable and unqualified. He feels caught between ensuring maximum accuracy and meeting strict deadlines.Q. James is promoted for his diligence and now he has to review any reports being generated by the analysts and send them to the division manager (who was working in his position before being promoted) and the CFO. After taking charge, James notices that in a recent report reviewed by his predecessor, there’s a critical error he seems to have overlooked.Which of the following would be a suitable decision on James’ part?a)Sending the corrected report to CFO and division manager.b)Sending the corrected report to the division manager first, asking him to look into it.c)Sending the corrected report to the CFO alone, pointing out James predecessor’s mistake.d)Making a personal note of the error but not sending out a corrected report.e)Telling one of the analysts to send out the corrected report to the CFO and the division manager.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.
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