1. Which of the following statement is/are true?

A. Value of inventory on bin card is recorded exclusive of sales tax

B. The amount to be recorded in CLCA for inventory for inventory
purchase of gross sales tax invoice value
C. Bin card sometimes carry the info about the location of inventory
2. Paradigm inc. is busy in producing shifts since 1870. To produce one unit of
shifts the need 2 units of wisdom and 1 unit of vision.Wisdom is supplied
by learn & co . and vision is supplied by i-think corporation .
The product budget of may states paradigm needs to buy 2000 units of
wisdom and 1000 units of vision. For the same, purchase order has been sent
and goods has been received .each unit of wisdom cost $2 and vision $1.
Out of 2000 units of wisdom 140 units were found faulty and are returned to
the concerned supplier .every fortnight the unused material is return by
production facility to the store department. In the month of may only once
the material have been return to store department. The units return were 230
Who will raise the goods received note in the respect of purchase?
A. Accounts dept
B. Store dept
C. Production dept
D. Purchas e depart
3. Organizational structure does not help us in understanding
A. Level of authority and responsibility
B. Reporting lines
C. Individual job responsibility
D. All of the above
4. Bin card is maintain by
A. Production dept
B. Store dept
C. Purchase dept
D. Accounting dept
5. Which of the following is / are true about tailor made software
A. They can be implemented without beta testing
B. They are easy to install
C. They are designed to meet the specific company
D. They are more expensive then off the shelve programs
6. Pakistan ordinance factory POF is busy making worlds finest corner shot
weapon code named eye .each unit passes through several department
before it is finished. Following is the budgeted and actual data related to this
department

Over head absorbed in dept A based on departmental absorption rate ..

7. Paradigm inc. is busy in producing shifts since 1870. To produce one unit of
shifts the need 2 units of wisdom and 1 unit of vision.Wisdom is supplied
by learn & co. and vision is supplied by i-think corporation .
The product budget of may states paradigm needs to buy 2000 units of
wisdom and 1000 units of vision. For the same, purchase order has been sent
and goods has been received .each unit of wisdom cost $2 and vision $1.
Out of 2000 units of wisdom 140 units were found faulty and are returned to
the concerned supplier .every fortnight the unused material is return by
production facility to the store department. In the month of may only once
the material have been return to store department .the units return were 230
Which of the following document will rise in respect of goods returned to
store by production facility?
A. Material requisition note
B. Material return note
C. Material recovery note
D. Goods received note
8. Pakistan ordinance factory POF is busy making worlds finest corner shot
weapon code named eye .each unit passes through several department
before it is finished. Following is the budgeted and actual data related to this
department

Blanket overhead absorption rate ..

9. Back down a limited liability company has two back up sites on their network
namely Xenon and Helium. The xenon has reached critical level and is
now near to get overloaded. IT manager has asked you to suggest a best
suitable process to transfer information from Xenon to Helium
Which of the following do u think is the best process for this?
A. Encryption
B. Baking up
C. Archiving
D. Synchronizing
10.Marketing department is an example of which responsibility center
A. Revenue center
B. Profit Center
C. Management Center
D. Cost Center
11.Spreadsheet is an example of
A. Operating system software
B. Application software
C. Utility Software
D. ERP software

12.Pakistan ordinance factory POF is busy making worlds finest corner shot
weapon code named eye .each unit passes through several department
before it is finished. Following is the budgeted and actual data related to this
department

Departmental OAR for department B .

13.Production manager of department A is able to reduce cost by cutting down
heavily on wastages, however he is concerned about wastages in
department B which under another managers supervision. Wastage cost in
department B for the manager of department A is
A. Sunk cost
B. Unavoidable cost
C. Uncontrollable cost
D. Process cost
14.Mega trades a leader in providing most innovative product every time, is set
to launch yet another revolutionary product which will relive the user of
personal computer from carrying keyboard with them all the time.
Company needs to establish sales strategy for which market information is
required. what source of information is most suitable according to you in this
circumstances?
A. External source of information
B. Internal source of information
C. Primary source of information
D. Secondary source of information
15.Hash corporation makes X and X, for this they require raw material of Z&Z .co
has 200 units of it in store department and 50 units in production department
.Production department has requisitioned additional 430 units out of which
200 has been sent and for the rest and they have placed an order of 500
units with the supplier
What is free stock..
16.The accountant in head quarter receive the scan copies of invoice of goods
purchased during a week which the stored online hard drive. On Saturday
afternoon he download all the copies from the online drive on the local pc
and process all the invoice using ACE pro an accounting software and
update the records in mainframe computer placed in the basement of
headquarter
What kind of processing is that?
A. Online processing
B. Real time processing
C. Batch processing
D. Multiple processing

17.Company tech tel has implemented a wireless network system in their office
at different location using this facility they have cut down on wiring
installation & maintenance cost and has saved huge annual overhead cost
and still able to connect every equipment within the same office building
What kind of network they have installed?
A. WAN
B. VAN
C. BAN
D. LAN
18.Standard working hour of each employee working in benchmark co. is 8 hours
a day. One employee has worked 12 hours and he is compensated at 8/hour.
Overtime is paid at three-quarter of normal pay
What is overtime pay..
19.Pakistan ordinance factory POF is busy making worlds finest corner shot
weapon code named eye .each unit passes through several department
before it is finished. Following is the budgeted and actual data related to this
department

Under / over absorbed overhead for department C based on departmental

absorption rate .