Virtual University Solved Assignments Online Quiz Past Papers GDB VUsolutions VU solutions

Question
Which of the following is NOT an unethical issue?

Select correct option:

Invoicing irregularities
Avoiding legal liability
Misrepresenting results
Seek approval for research


Question
Which of the following is NOT a type of Non-random sampling?

Select correct option:

Cluster sampling
Convenience sampling
Quota sampling
Purposive sampling



Question #
Which one of the following is not an assumption of science?

Select correct option:

There are reoccurring patterns in the world.
Events happen because of preceding causes.
We can discover solutions to problems of interest.
Theoretical explanations must agree with common sense.



Question
After a researcher has stated the specific problem to be studied in an experiment, he must then develop a(n):

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Theory
Conclusion
Hypothesis
Summary of the data


Question #

Which of the following is the best hypothesis statement to address the research question, "What impact will the new advertising campaign have on use of Brand B?"

Select correct option:

The new advertising campaign will impact Brand B usage.
The new advertising campaign will increase Brand B trial.
The new advertising campaign will cause increased Brand B usage at the expense of Brand C.
The new advertising campaign will increase Brand B's market penetration.



Question
A one tailed hypothesis predicts-----------

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The future
The lottery result
The frequency of the effect
The direction of the effect


Question
Setting quotas for hard-to-reach respondents is one way to minimize _______ bias.

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Interviewer
Respondent
Instrument
Sampling



Question

The organization of concepts in sequence from the most concrete and individual to the most general indicates is:

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One that bears no relation to the underlying concept.
An abstract, theoretical definition of a concept.
The degree of abstraction
An operational definition



Question

What is the purpose of a control group?

Select correct option:

Make the experiment easier to analyze
Show the value of the dependent variable when the independent variable is not being manipulated
To be able to better evaluate the effect of the independent variable
To control all variables


Question
A measure has high internal consistency reliability when:

Select correct option:


Multiple observers make the same ratings using the measure.
Participants score at the high end of the scale every time they complete the measure.
Multiple observers obtain the same score every time they use the measure.
Each of the items correlates with other items on the measure.



Question # 10 of 20 ( Start time: 01:24:22 AM ) Total Marks: 1

The purpose of a literature review is to:

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Help you find out what is already known about this area.

Identify any inconsistencies or gaps in the literature.

Demonstrate an awareness of the theoretical context in which the current study can be located.

Find what is already known, identify gaps demonstrate awareness.



Question # 9 of 20 ( Start time: 01:23:17 AM ) Total Marks: 1

The extent to which we can generalize the results of a study to other participants is called:

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Sampling validity

External validity

Construct validity

Internal validity



Question # 8 of 20 ( Start time: 01:21:56 AM ) Total Marks: 1

Why, as scientists, do we not want to rely on authority for explanations?

Select correct option:



Those in authority are often wrong.

Those in authority cannot be challenged.

Those in authority rely too much on objective information.

Those in authority often have no common sense.



A ________ scale only assigns numbers to objects to classify the objects according to the characteristic of interest.

Select correct option:



Ratio

Nominal

Interval

Dichotomous



Question # 6 of 20 ( Start time: 01:20:06 AM ) Total Marks: 1

You wish to make a precise estimate about the characteristics of a population of individuals. You should use:

Select correct option:



Quota sampling

Probability sampling

Accidental sampling

Snowball sampling



Question # 5 of 20 ( Start time: 01:19:35 AM ) Total Marks: 1

Conditions favoring the use of a sample over a census include a:

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Long time frame

Small budget

High cost of sampling errors

Low cost of non-sampling errors



Question # 4 of 20 ( Start time: 01:18:15 AM ) Total Marks: 1

A variable is:

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Any characteristic of interest that can take on more than one value

Defined as the groups manipulated in experimental research

The complete set of scores we use in statistical analysis

Completely specified only in observational research



Question # 3 of 20 ( Start time: 01:17:40 AM ) Total Marks: 1

In the statement 'an examination of the effects of discretionary behaviour on employee performance' employee performance is the:

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Independent variable

Dependent variable

Extraneous variable

Causal variable



Question # 2 of 20 ( Start time: 01:16:41 AM ) Total Marks: 1

Which of the following issues should NOT be mentioned in an introductory statement?

Select correct option:



The information will be kept confidential

What the findings of the research are?

Who is funding the research?

Why the respondent has been chosen?



Question # 1 of 20 ( Start time: 01:15:16 AM ) Total Marks: 1

Which measure of dispersion is easiest to calculate? Standard deviation?

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Mean

Range

Median

Mode

Question

Usman currently holds a management position within his company. His job responsibilities include maintaining a focus toward long-term issues that may impact the company as well as developing appropriate goals to guide the organization. Jim is most probably which type of manager?

Select correct option:

First line managers
Middle level manager
Operational manager
Top Level Manager



Question # 5 of 20 ( Start time: 09:30:52 AM ) Total Marks: 1

Functional departmentalization groups jobs by which of the following?

Select correct option:

Tasks they perform
Territories they serve
Products or services they manufacture or produce
Type of customer they serve

Question #

Which of the following is not among the three perspectives that should be considered in preparing a business plan?

Select correct option:

Marketing perspective
Perspective of the entrepreneur
Investor perspective
Technical perspective

Question

Which famous management thinker developed "Theory Y"?

Select correct option:

Douglas McGregor
Abraham Maslow
Frederick Herzberg
Chester Barnard

Question #

Which of the following is a basic definition of ethics?

Select correct option:

Moral guidelines for behavior
Rules for acknowledging the spirit of the law
Principles that define right and wrong conduct
Principles for legal and moral development

Question

Managers are responsible for improving ________involvement in decision making and action taking.

Select correct option:

Stakeholder's
Liaison's
Leader's
Figurehead's

Question

The principle of “Division of Labor” was given by:

Select correct option:

Frederick Taylor
Joseph Juran
Adam Smith
W. Edwards Deming

Question

Most managers believe that if an MBO (management by objective) program is to be successful, it must start at:

Select correct option:

Top Level
Middle level
Lower level
Non-managerial level

Question

A plan developed to carry out a course of action that is not likely to be repeated in the future is called:

Select correct option:

Single-use plan
Specific plan
Reaction plan
Directional plan

Question #

A state legislative plan that calls for a 2.45 percent increase in tobacco sales tax for the next 2 years would be considered which of the following type of plan?

Select correct option:

Tactical
Operational
Specific
Directional




Question #

Concern for employee motivation is most closely associated with which of the following management approach?


Select correct option:

Bureaucracy
Organizational behavior
Scientific management
Systems


Question

The set of strengths, characteristics and qualities including skills, technologies, or resources that distinguish a firm from its competitors is called:

Select correct option:

Scope
Distinctive Competency
Resource deployment
Effective strategy

Question

Which of the following is one of the most important objectives for small business owners?

Select correct option:

Market presence
Growth
Profitability
Innovation

Question:

Which of the following is the most ancient management monument?

Select correct option:

Wall of China
Egyptian Pyramid
Taj Mahal
Sydney Opera House

Question

All of the following are reasons to look at theoretical perspectives of management EXCEPT:

Select correct option:

Understanding the present
Source of new ideas
History repeats itself
Guide to action

Solution:

Bell Computers, LTD.,
Cost of Production Report
For the Month of Jan
1. Quantity Schedule
Units of open work in process 10,000
Units put into the process 58,000
68,000
Units of closing work in process 8,000
Units completed and transferred 60,000
68,000

2. Cost Accumulated in the process
Material Cost (18,000+114,000) 132,000
Conversion Cost (8,800+61,600) 70,400
Total Cost 202,400
3. Equivalent unit Produced
Material Cost (60,000+8000*75%) 66,000
Conversion Cost (60,000+8000*50%) 64,000
4. Per Unit Cost
Material Cost (132,000/66,000) = 2
Conversion Cost (70,400/64,000) = 1.1
Total per Unit Cost 3.1
5. Cost Apportionment
Units completed and transferred
(60,000*3.1) 186,000
Closing work in process
Material Cost (6,000*2) 12,000
Conversion Cost (4000*1.1) 4,400 16,400
202,400

Required:
1. How many units were started and completed during January?
Answer:
Unit Started in Jan. = 68,000
Unit Completed in Jan. = 60,000
2. What were the equivalent units for January for material and conversion costs?
Answer:
Equivalent units for January for material costs = 66,000
Equivalent units for January for conversion costs = 64,000

3. What were the costs per equivalent unit for January?
Answer:
Material Cost (132,000/66,000) = 2
Conversion Cost (70,400/64,000) = 1.1
Total per Unit Cost 3.1

4. Verify the accountant’s ending work in process inventory figure (£16,400) given in the report.
Answer:
Closing work in process
Material Cost (6,000*2) 12,000
Conversion Cost (4000*1.1) 4,400 16,400
5. What criticism can be made of the unit costs that have been computed weighted –Average Method by the company and which method is superior computing unit cost under process costing based on your criticism?
Answer:
Comparison of Both methods is under as equivalent production and per unit costs.
Weighed Average Method FIFO Method
Equivalent production per unit costs Equivalent production per unit costs
Material Cost (60,000+8000*50%)
66,000 (132,000/66,000)
2 (1000+50,000+6000)
57,000 (114,000/57,000)
2
Conversion Cost (60,000+8000*75%)
64,000 (70,400/64,000)
1.1 (2000+50,000+4000)
56,000 (61,600/56,000)
1.1
Total 130,000 3.1 113,000 3.1
In comparison we see that the equivalent unit in both methods is different but per unit cost has same. FIFO method is complex than Weighted Average method, so Average method is superior because of less complexity and due to:
1. There are fewer chances to complete the unit which produced first it means first in first, because Authorities prefer to complete the open units and there may be delay in new units to put into the process.
2. Accountants will refer to Average method due to less time consuming and complexity.