All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Test: Controlling - 3 - B Com MCQ

Test: Controlling - 3 - B Com MCQ


Test Description

10 Questions MCQ Test - Test: Controlling - 3

Test: Controlling - 3 for B Com 2024 is part of B Com preparation. The Test: Controlling - 3 questions and answers have been prepared according to the B Com exam syllabus.The Test: Controlling - 3 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Controlling - 3 below.
Solutions of Test: Controlling - 3 questions in English are available as part of our course for B Com & Test: Controlling - 3 solutions in Hindi for B Com course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Controlling - 3 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study for B Com Exam | Download free PDF with solutions
Test: Controlling - 3 - Question 1
Save

Which of the following is NOT a benefit of regular equipment and building maintenance?

Detailed Solution for Test: Controlling - 3 - Question 1
Regular maintenance increases the lifespan of equipment and buildings, reduces the risk of breakdowns, and leads to cost savings. It also enhances workplace safety by addressing potential hazards.
Test: Controlling - 3 - Question 2
Save

What is one of the key advantages of implementing preventative maintenance in a business?

Detailed Solution for Test: Controlling - 3 - Question 2
Preventative maintenance helps minimize disruptions to operations by proactively identifying and addressing issues before they lead to breakdowns or downtime. This can result in smoother business operations and improved productivity.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Controlling - 3 - Question 3
Save

Why is return on investment (ROI) considered a crucial control measure in business?

Detailed Solution for Test: Controlling - 3 - Question 3
ROI is essential because it measures the effectiveness of capital utilization in a business. It evaluates how well a company utilizes its capital to generate returns, emphasizing the efficient use of assets.
Test: Controlling - 3 - Question 4
Save
In the context of return on investment (ROI), what does capital turnover refer to?
Detailed Solution for Test: Controlling - 3 - Question 4
Capital turnover in ROI calculation refers to total sales divided by total investment. It indicates how efficiently capital is used to generate sales revenue.
Test: Controlling - 3 - Question 5
Save
Why is financial control important for government organizations?
Detailed Solution for Test: Controlling - 3 - Question 5
Financial control in government organizations is crucial to ensure transparency and accountability in the use of public funds. It helps maintain trust and proper governance.
Test: Controlling - 3 - Question 6
Save
What is the primary purpose of a business's profit and loss (P&L) statement?
Detailed Solution for Test: Controlling - 3 - Question 6
The primary purpose of a P&L statement is to assess the financial performance of a business by summarizing its revenue, expenses, and net income or loss during a specific period.
Test: Controlling - 3 - Question 7
Save
What does the return-on-investment (ROI) approach emphasize in terms of business goals?
Detailed Solution for Test: Controlling - 3 - Question 7
The ROI approach emphasizes optimizing returns from the capital invested in the business, rather than solely maximizing profits. It aims to make the best use of assets.
Test: Controlling - 3 - Question 8
Save
Which factor is NOT considered an advantage of following a well-defined business strategy?
Detailed Solution for Test: Controlling - 3 - Question 8
Following a well-defined business strategy primarily focuses on factors like customer service, resource utilization, and ROI. It does not directly address the risk of equipment breakdowns.
Test: Controlling - 3 - Question 9
Save
How does preventative maintenance contribute to a safer working environment for employees?
Detailed Solution for Test: Controlling - 3 - Question 9
Preventative maintenance reduces the need for emergency repairs, which can lead to a safer working environment by preventing sudden equipment failures that may pose risks to employees.
Test: Controlling - 3 - Question 10
Save
What is the common denominator used for comparing divisions within a company in terms of their performance?
Detailed Solution for Test: Controlling - 3 - Question 10
Return on investment (ROI) is the common denominator used to compare divisions within a company's performance. It helps evaluate the effectiveness of capital utilization across different divisions.
Information about Test: Controlling - 3 Page
In this test you can find the Exam questions for Test: Controlling - 3 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Controlling - 3, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Controlling - 3

Find all the important questions for Controlling - 3 at EduRev.Get fully prepared for Controlling - 3 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Controlling - 3 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Controlling - 3 resources.

Controlling - 3 MCQs with Answers

Prepare for the Controlling - 3 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Controlling - 3

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Controlling - 3 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup