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Noun 2022 TMA 3 solutions
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[QUOTE="Bracet, post: 3450, member: 477"] CLL307 TMA3 1) D the nationality of the seller must be known 2) B The representation as to the agents authority is by the Principal 3) D Duty not to accept bribe 4) D The principal ractified timeously 5) D To refund all rents paid by the hirer 6) B Transfer of title 7) D Any Employee 8) C Section 14(1) 9) D 25 Million 10) B Statutory Company CRD305 TMA 3 1) D Agricultural Extension 2) A True (Diversification of the economy) 3) D Human 4) C Low 5) C All 6) B Plan 7) A True (Nutrition and housing is a goal) 8) A True Rural areas are characterized by high) 9) A Raw STT206 10/10 Question 1: Suppose men always married women who were 10 percent shorter than they were The correlation coefficient of the heights of married couples would be *Answer: 1.0 since the height of the man is always predictable from the height of the woman* Question 2: The mean of a distribution is 23 the median is 24 and the mode is 255 It is most likely that this distribution is *Answer:Negatively Skewed* Question 3: Suppose the correlation coefficient between heights as measured in feet versus weight as measured in pounds is 040 What is the correlation coefficient of height measured in inches versus weight measured in ounces 12 inches one foot 16 ounces one pound *Answer:0.4* Question 4: Investor wishing to invest N100,000 in one of three possible investment alternatives A B and C is an example of *Answer:Decision making under uncertainty* Question 5: We measure heights and weights of 100 twenty year old male college students Which will have the higher correlation *Answer: Both will have the same correlation* Question 6: An investigator is studying the relation between the physical and intellectual growth of primary school children grades 1 6 At each grade level she notes that the correlation between the height of children and the size of their vocabulary is zero For all students in the school the correlation is likely to be *Answer: Positive* Question 7: Laspeyres index numbers possess *Answer: Upward bias* Question 8: A ............sample is formed by selecting one unit at random and then selecting additional units at evenly spaced intervals until the sample has been formed *Answer: Systematic* Question 9: A summary measure that describes any given characteristic of the population is known as a *Answer: Parameter* Question 10: Most commonly used index number is *Answer: None* *ENT 202 10/10 TMA 3 Question No: 1 Why should an entrepreneur do a feasibility study for starting a new venture *Ans - To see if there are possible barriers to success* Question No: 2 Family business always interested to handover the change of his business to: *Ans - Next generation* Question No: 3 A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as? **Ans - Intrapreneur* Question No: 4 Venture capital is concerned with: *Ans - New project having potential for higher profit* Question No:5 A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called? *Ans - Performance and Credit Rating Scheme* Question No: 6 A Micro Enterprise is an enterprise where investment in plant and machinery does not exceed (According to MSMED Act, 2006): *Ans - Rs. 25 Lakh* Question No: 7 EDP (Entrepreneurship Development Programmes) is required to help: *Ans - First generation entrepreneurs* Question No: 8 A corporate manager who starts a new initiative for their company which entails setting up a new distinct business unit and board of directors can be regarded as? *Ans - Intrapreneur* Question No: 9 A women entrepreneur is supposed to have a minimum financial interest in share capital of entrepreneur’s enterprise: *Ans - 25 per cent* Question No: 10 Information regarding all of the following is related to operations, EXCEPT: *Ans - Raw materials* TMA3 ACC101: ELEMENTS OF BOOK-KEEPING I 1. Where a customer has been overcharged on an invoice, which of the following books is used to record the credit notes sent? Sales returns day book 2. It is crucial to write the amount and purpose of payment on the cheque _________ in order to write up the books of account. Stub 3. Which of the following is about providing useful information in the financial statements to users to enable them make economic decisions? Accounting 4. Otago Enterprise bought beverages at N200,000 in March and sold some on credit for N150,000 and others for cash at N120,000; what is the amount recorded in the sales day book? N150,000 5. Given N52,000 for four bags of rice sold at 5% trade discount; N40,000 for two bags of beans; and N120,000 at 5% trade discount for eight bags of wheat; determine the balance of the sales day book. N203,400 6. The amount entered in the sales day book is after deducting ______ Trade discount 7. The amount recorded in the sales day book is before deducting ______ Cash discount 8. Given trade discount of 10% on beverages bought for #350,000; determine the amount entered in the purchase day book. N315,000 9. In February 2014, Micheal Enterprise sold electrical wires on credit N54,000; electrical bulbs N20,000; and electrical wires for cash N120,000; determine the balance of the sales day book. N74,000 10. The Law requires the seller to give one of the following instruments to the buyer for goods or services paid for in cash. Receipt [/QUOTE]
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