Question
How do you deal with instances in which your own biases
or prejudices could influence your decision-making?Solution
The question is asking about how an individual deals with instances when their biases or prejudices could affect their decision-making. The correct answer is a) By recognising and attempting to overcome my prejudices. This means acknowledging that we all have biases and working to challenge and overcome them by considering different perspectives and seeking out diverse viewpoints. By doing so, individuals can make more informed and fair decisions based on logic and reason rather than personal biases or prejudices.
What does the Basic Defense Interval ratio measure?
A company has Current Assets = ₹6,00,000; Current Liabilities = ₹3,00,000; Inventory = ₹1,50,000. Calculate Quick Ratio.
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
A firm’s EBIT is ₹20 lakh and interest is ₹5 lakh. What is interest coverage ratio?
Champion Ltd. define following data for calculating Current Ratio:
Current Assets Rs.20,00,000 ,
Inventories Rs.10,00,000 ,
Working Capital Rs.12, 00,000.
A company has:
• Net profit after tax: ₹60 lakh
• Depreciation: ₹30 lakh
• Interest on term loan: ₹30 lakh
• T...
An entity purchases 1,000 shares of X Ltd. at ₹120 per share. Brokerage and taxes amount to ₹10,000. At year-end, the fair market value of the inve...
Which of the following formulae correctly calculates the Operating Profit Margin?
₹200 paid as wages for erecting a machine should be debited to:
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...