Chapter-1: Introduction to Organizational Behaviour

Very Short Question and Answer 1. Point out the group-level input variables of the OB system. The major group level input variables are enlisted as follows: Size of group Group composition Role status. Norms and value Group cohesiveness 2. Point out the organization-level input variables of the OB system. The organization-level input variables of the […]

Chapter 4: Kaynesian Macroeconomics

Very Short Question Answer 1. What is the main cause of unemployment according to Keynes? According to Keynes, the main cause of unemployment is deficiency of aggregate demands in the economy. The decrease in aggregate demand results decrease in output, which results unemployment in the economy. 2. What are the causes of declining MEC? The […]

Chapter 3: Classical Theory of Employment

Very Short Question Answer 1. What is unemployment? Unemployment is defined as the non-availability of jobs or works for people who are able and willing to work at the existing wage rate. It is a problem to both developed and developing countries. It creates problems like poverty, inequality, robbery, prostitution, theft, crime etc. 2. What […]

Entrepreneurship and Enterprise Development

Chapter 5: Capital and Revenue

Very Short Question Answer State the expenses that are treated as capital expenditure according to Income Tax Act, 2058. Income Tax Act, 2058 has treated the following expenses as capital expenditure: Expenditure incurred for feasibility study, exploration and development of natural resources. Expenditure incurred for obtaining assets with useful life of more than 12 months. […]

Chapter 4: Quantification, Allocation and characterization of Amounts

Very Short Question Answer Describe the provision of quantification of vehicle facility as per Income Tax Act, 2058.(2073) An employer that provides motor vehicle facility to an employee or others for wholly or partly private use, should quantify the benefits in the following ways: If it is provided to employee, labour or any other individual […]

Chapter 2: Financial Statements and Analysis

Short Questions Answers 1. Who are some of the basic users of financial statements and how do they use them? Financial statements contain a balance sheet, income statement, cash flow statement and the statement of retained earnings of a firm. Various stakeholders use the firm’s financial statement. The basic users of financial statements are shareholders, […]

Chapter 3: Tax Accounting And Timing

Very Short Question Answer Briefly state the accounting methods to be applied by different taxpayer. The accounting methods to be applied by different taxpayers are summarized below: Persons   Income Head   Accounting Method   Individual Sole trader/proprietor Partnership firm Company Employment, Investment Business Business, Investment Business, Investment Cash basis Cash or accrual basis Cash […]