Explain what is Free Consent and the instances under which Free Consent in an agreement would be affected. Please provide examples for each of such instance. ANSWER Free consent is a fundamental principle in contract law, indicating that parties involved in an agreement must willingly and voluntarily enter into the contract without any external pressures …
What is an ERP? ANSWER: ERP stands for Enterprise Resource Planning. It refers to a software system that integrates various business functions and processes within an organization into a centralized system. The primary goal of ERP is to streamline and automate business operations, improve efficiency, and provide real-time data for informed decision-making. An ERP system …
FIND THE SPREAD IF BID AND ASK RATE FOR RUPEE VS DOLLAR IS 81.983 /81.987 AND AN IMPORTER PURCHASED 48000 USD. SOLUTION: The bid-ask rate for Rs vs Dollar is 81.983/81.987. To calculate the spread, we subtract the bid rate from the ask rate: Spread = Ask Rate – Bid Rate Spread = 81.987 – …
Explain the Hofstede’s Cultural Classification in the context of International Business. ANSWER: Hofstede’s Cultural Classification, developed by Dutch social psychologist Geert Hofstede, is a framework used to analyze and understand cultural differences across countries. It provides insights into how cultural values influence behavior, communication, and business practices in international business contexts. The framework consists of …
Explain the various entry modes of companies into foreign markets. ANSWER: Companies have several entry modes or strategies to enter foreign markets. The choice of entry mode depends on factors such as market characteristics, business objectives, resources, and risk tolerance. Here are some common entry modes for companies entering foreign markets: The selection of the …
ICFAI Examination guidance & crash session question and answers.
ANSWER : There are two main points of view that can explain why professionals such as doctors, accountants, and lawyers have a charter or framework of code of conduct, duties, and obligations that other people do not: In summary, the presence of a charter or framework of code of conduct, duties, and obligations for professionals …
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MBA | BBA | B.Com | M.Com | CA | CS | CMA | Financial Management Reference : Books of ICAI This book is meant for students reference and studies only not for commercial circulation.
The MCQs on economics are collected and prepared for students appearing for various types of exams like Bcom, Mcom, BBA , MBA, CA , CS, CMA etc. Economics is a compulsory subjects and hence the basic idea of economics is required for every students.
MBA & BBA Study Material Reference : ICAI Books Cash Flow Statement Solved Sums and complete books available in the below mentioned link from ICAI https://resource.cdn.icai.org/66496bos53751-cp4-u2.pdf
