Chapter 2 in 12th Commerce O
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Questions and Answers

What is the main focus of chapter 2 in the 12th commerce O.C. textbook?

  • Principles of Accounting (correct)
  • Economics
  • Business Studies
  • Business Mathematics

    • What is the purpose of studying chapter 2 in the 12th commerce O.C. textbook?

  • To explore international trade policies
  • To calculate business statistics
  • To understand the preparation of financial statements (correct)
  • To analyze market demand and supply

    • Which topic is not covered in chapter 2 of the 12th commerce O.C. textbook?

  • Cash Flow Statement
  • Financial Statements
  • Demand and Supply (correct)
  • Ratio Analysis

    • Which of the following is not a function of management?

    <p>Inventing (D)</p> Signup and view all the answers

    What is the primary goal of management?

    <p>Achieving organizational objectives (A)</p> Signup and view all the answers

    Which of the following is a characteristic of effective management?

    <p>Delegating authority (B)</p> Signup and view all the answers

    Flashcards

    Accounting Principles

    Fundamental rules and guidelines for preparing financial statements.

    Financial Statements

    Documents summarizing a company's financial position and performance.

    Management Function

    The activities aimed at achieving organizational objectives.

    Management Goal

    Achieving organizational objectives efficiently.

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    Effective Management

    Managing resources effectively and efficiently.

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    Chapter 2 Focus (O.C. Textbook)

    Focuses on Accounting, not Demand and Supply.

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