book page No. 75

Last in first out (LIFO)

As the name suggests, the LIFO method is based on the assumption that the recently purchased

merchandise is issued first. The LIFO uses actual purchase cost. Thus, if merchandise has been

purchased at several different costs, the inventory (stock) will have several different cost prices. The

cost of goods sold for a given sales transaction may involve several different cost prices.

Characteristics

•
This is alternatively used method for determining values of cost of goods sold and closing stock.

• In the LIFO method recent available purchase costs are transferred to cost of goods sold. That

means the cost of goods sold has a higher value and the profitability of the organization becomes lower.
•
As the current stock is valued at oldest prices, the current assets of the company have the oldest

assessed values.
 

Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks 

Question # 2 of 15 ( Start time: 02:46:48 PM ) Total Marks: 1
When managers avoid the rational decision-making model and find ways to satisfice themselves , they are following which of the following concept?
Select correct option:

Jurisprudence
Bounded rationality
Least-squared exemptions
Self-motivated decisions

Question # 3 of 15 ( Start time: 02:47:14 PM ) Total Marks: 1
Agency head or plant manager is most likely associated with which of the following managerial role?
Select correct option:

Team leaders
Middle managers
First-line managers
Top managers

Question # 4 of 15 ( Start time: 02:47:37 PM ) Total Marks: 1
Which of the following approach focuses on a set of interrelated and interdependent parts arranged in a manner that produces a unified whole?
Select correct option:

Process
Function
Systems
Contingency

Question # 7 of 15 ( Start time: 02:49:30 PM ) Total Marks: 1
A leading supporter of the classical view argues that anytime managers decide on their own to spend their organization’s resources for the “social good,” are:
Select correct option:

Contributing social benefits in the name of goodwill
Just doing what the government says they have to do
Helping make society a better place for everyone to live
Adding to the costs of doing business

Question # 8 of 15 ( Start time: 02:50:41 PM ) Total Marks: 1
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 # 9 of 15 ( Start time: 02:51:01 PM ) Total Marks: 1
Management science and operations management are the branches of:
Select correct option:

Knowledge management
Total quality management
Marketing management
Quantitative management

Question # 10 of 15 ( Start time: 02:52:07 PM ) Total Marks: 1
An organization’s specific environment:
Select correct option:

Is unique and changes with conditions
Is the same regardless of the organization’s age
Is determined by the top level of management
Is quantified to determine its existence

Question # 11 of 15 ( Start time: 02:52:32 PM ) Total Marks: 1
The time period for the construction of pyramids was:
Select correct option:

10 years
15 years
30 years
20 years


Question # 12 of 15 ( Start time: 02:53:07 PM ) Total Marks: 1
An appropriate managerial behavior in a given situation that depends on a wide variety of elements, is called:
Select correct option:

Open system
Contingency perspective
Entropy
Quantitative perspective

Question # 13 of 15 ( Start time: 02:53:37 PM ) Total Marks: 1
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

Question # 14 of 15 ( Start time: 02:54:22 PM ) Total Marks: 1
Ali has just received each and every necessary statistics on the proposed new purchases for his organization. Ali is now ready to render his decision about them. Ali will be making his decision under conditions best referred to as:
Select correct option:

Risk
Certainty
Risk avoidance
Uncertainty

Question # 15 of 15 ( Start time: 02:55:25 PM ) Total Marks: 1
Discrepancy between existing and a desired state of affairs is called:
Select correct option:

Opportunity
Solution
Weakness
Problem

Q.1 XYZ is an organization, wants to develop the network. Total numbers of computers are 7. Which topology is best suitable for the network? Justify your  answer. 4 Marks
Answer:
Bus is a possible selection for networking of 7 computers due to following:
 No server required.
 If one node is down, the overall functionality of network is not affected.
 All computers can receive the message at same time and respond accordingly.

Q.2 If computer A wants to transmit the data to computer F, then 6 Marks
What condition should A satisfy?
What protocol should be used?
And how the data will transmit?
 

Answer:
1. 1st Part (Conditions): 
 Data transmission may be counter clockwise.
 Nodes should not fail during the process. 2. 2nd Part (Protocol): 
 Sensing idle connection before data transmission.
 Re-send data if packet data is corrupted or lost. 3. 3rd Part (Data transmission): 
 Data is transmitted by computer A and received by computer H.
 Computer H receives it and then re-sends it to next computer which is computer H.
 Computer H also receives it and finds it to be not related to computer
H. Therefore, it passes the data to next computer which is F.
 Computer F receives the data and processes it.
 

Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks