CEOE OSAT - Business Education exam
questions with complete solutions 2024
Management k- kANS✓✓-The kact kof kengaging kwith kan korganization's khuman
ktalent kand kits kresources kto kaccomplish kdesired kgoals kand kobjectives.
Function kof kBusiness kManagement k- kANS✓✓-Planning, kOrganizing, kStaffing,
kLeading/Directing, kControlling/Monitoring, kand kMotivating
Planning k- kANS✓✓-The kfunction kof kmanagement kwhere kyou kdecide kwhat
kneeds kto khappen kin kthe kfuture k(today, knext kmonth, knext kyear, ketc.) kand
kgenerating kplans kfor kaction.
Organizing k- kANS✓✓-The kfunction kof kmanagement kwhere kyou kimplement ka
kpattern kof krelationships kamong kworkers kand kmaking koptimum kuse kof kthe
kresources krequired kto kenable kthe ksuccessful kcarrying kout kof kplans.
Staffing k- kANS✓✓-The kfunction kof kmanagement kthat kincludes kJob kanalysis,
krecruitment, kand khiring kof kpeople kwith kthe knecessary kskills kfor kappropriate
kjobs. kProviding kor kfacilitating kongoing ktraining, kif knecessary, kto kkeep kskills
kcurrent.
Leading/Directing k- kANS✓✓-The kfunction kof kmanagement kthat kinvolves
kdetermining kwhat kneeds kto kbe kdone kin ka ksituation kand kgetting kthe kright
kpeople kto kdo kit.
Controlling/Monitoring k- kANS✓✓-The kfunction kof kmanagement kthat kinvolves
kchecking kcurrent koutcomes kagainst kforecast kplans kand kmaking kadjustments
kwhen knecessary kso kthat kgoals kare kachieved.
Motivating k- kANS✓✓-The kfunction kof kmanagement kthat kconsists kof
kenergizing, kchanneling kand ksustaining kpeople's kbehavior ktowards kthe kgoals
kof kthe korganization.
Stakeholders k- kANS✓✓-Persons kor korganizations kwith ka klegitimate kinterest kin
ka kgiven ksituation, kaction k,or kenterprise kwhich kare kdirectly kaffected kby kthe
korganization's kactions.
Theoretical k- kANS✓✓-Of kor krelating kto kthe kunderlying kprinciples kor kmethods
kof ka kgiven ktechnical kskill, kart, ketc., kas kopposed kto kits kpractice.
,Shareholder k- kANS✓✓-Through kowning kstock k,the kreal kowner kof ka kpublicly
ktraded kbusiness kthat kis krun kby kmanagement.
Capital kexpenditure k- kANS✓✓-Funds kspent kby ka kcompany kto kacquire kor
kupgrade ka klong-term kasset.
Controller k- kANS✓✓-A kperson kwho kaudits kand kmanages kthe kfinancial kaffairs
kof ka kcompany kor kgovernment; ka kcomptroller.
Delegation k- kANS✓✓-The kact kof kcommitting ka ktask kto ksomeone, kespecially ka
ksubordinate.
Line kAuthority k- kANS✓✓-Managers khave kthe kformal kpower kto kdirect kand
kcontrol kimmediate ksubordinates kexecuting kspecific ktasks kwithin ka kchain kof
kcommand, kusually kwithin ka kspecific kdepartment.
Functional kAuthority k- kANS✓✓-Managers khave kformal kpower kover ka kspecific
ksubset kof kactivities kthat kinclude koutside kdepartments. k(Before ka kproduction
kmanager kbuys ka knew kmachine, ka kexpenditure kproposal kmust kbe ksubmitted.)
Staff kAuthority k- kANS✓✓-Staff kspecialists kmanage koperations kin ktheir kareas
kof kexpertise.
Tall kStructure k- kANS✓✓-Management kstructure kcharacterized kby kan koverall
knarrow kspan kof kmanagement, ka krelatively klarge knumber kof khierarchical
klevels, ktight kcontrol, kand kreduced kcommunication koverhead.
Flat kStructure k- kANS✓✓-Management kstructure kcharacterized kby kan koverall
kbroad kspan kof kmanagement kand krelatively kfew khierarchical klevels, kloose
kcontrol kand kease kof kdelegation.
Centralization k- kANS✓✓-The klocation kof kdecision kmaking kauthority knear ktop
korganizational klevels. kThis kexpedites kdecision-making kfrom kthe ktop kdown.
Decentralization k- kANS✓✓-The klocation kof kdecision kmaking kauthority kis
krelatively kevenly kdispersed kacross kthe kcompany. kThis kworks kwell kwhen
kcreativity kand kindependent koperations kcreate kvalue kfor kthe korganization.
Laissez-faire k- kANS✓✓-An kenvironment kin kwhich kan korganization's
kemployees kare kfree kfrom kexcessive koversight kor kmanagement, kwith
ksufficient kcontrol konly kto kensure korganizational kgoals kare kmet.
Accounting k- kANS✓✓-The ksystematic kand kdetailed krecording kof kfinancial
ktransactions kof ka kbusiness.
, Why kis kaccounting kimportant? k- kANS✓✓-Helps ktrack kincome kand
kexpenditures, kensure kstatutory kcompliance, kand kprovide kinvestors,
kmanagement, kand kgovernment kwith kquantitative kfinancial kinformation kwhich
kcan kbe kused kin kmaking kbusiness kdecisions.
Income kStatement k- kANS✓✓-Provides kyou kwith kinformation kabout kthe kprofit
kand kloss
The kBalance kSheet k- kANS✓✓-Gives kyou ka kclear kpicture kon kthe kfinancial
kposition kof kyour kbusiness kon ka kparticular kdate.
Cash kFlow kStatement k- kANS✓✓-A kbridge kbetween kthe kincome kstatement kand
kbalance ksheet kthat kreports kthe kcash kgenerated kand kspent kduring ka kspecific
kperiod kof ktime.
Accounting kEquation k- kANS✓✓-The kidea kthat ka kcompany's ktotal kassets kare
kequal kto kthe ksum kof kits kliabilities kand kits kshareholders' kequity. kThe
kfoundation kof kthe kdouble-entry kaccounting ksystem.
Double kEntry kAccounting k- kANS✓✓-A ksystem kthat krequires kone kdebit kand
kone kcredit kentry kfor kevery ktransaction kwithin ka kbusiness. kIt ktracks kwhere
kyour kmoney kcomes kfrom kand kwhere kit's kgoing.
Assets k- kANS✓✓-Resources kcontrolled kby kthe kcompany.
Liabilities k- kANS✓✓-The kobligations, kor kdebts, kthat ka kcompany kowes kand
kcosts kthat kit kneeds kto kpay kin korder kto kkeep kthe kcompany krunning.
Sections kof ka kBalance kSheet k- kANS✓✓-Assets, kLiabilities, kand kShareholder's
kEquity k(owner's kequity)
Accounts kreceivables k- kANS✓✓-Lists kthe kamounts kof kmoney kowed kto kthe
kcompany kby kits kcustomers kfor kthe ksale kof kits kproducts.
Cash kEquivalents k- kANS✓✓-Type kof kasset kthat kthat kis kliquid kand knot
ksubject kto kmaterial kfluctuations kin kvalue. kIncludes kcommercial kpaper,
kTreasury kbills, kand kshort-term k(3 kmo. kor kless) kgovernment kbonds.
Cash kand kCash kequivalents k- kANS✓✓-First kline kof kassets kon ka kBalance
kSheet kthat kreports kthe kvalue kof ka kcompany's kassets kthat kare kcash kor kcan
kbe kconverted kinto kcash kimmediately.
Shareholder's kEquity k- kANS✓✓-A kcompany's ktotal kassets kminus kits ktotal
kliabilities.
questions with complete solutions 2024
Management k- kANS✓✓-The kact kof kengaging kwith kan korganization's khuman
ktalent kand kits kresources kto kaccomplish kdesired kgoals kand kobjectives.
Function kof kBusiness kManagement k- kANS✓✓-Planning, kOrganizing, kStaffing,
kLeading/Directing, kControlling/Monitoring, kand kMotivating
Planning k- kANS✓✓-The kfunction kof kmanagement kwhere kyou kdecide kwhat
kneeds kto khappen kin kthe kfuture k(today, knext kmonth, knext kyear, ketc.) kand
kgenerating kplans kfor kaction.
Organizing k- kANS✓✓-The kfunction kof kmanagement kwhere kyou kimplement ka
kpattern kof krelationships kamong kworkers kand kmaking koptimum kuse kof kthe
kresources krequired kto kenable kthe ksuccessful kcarrying kout kof kplans.
Staffing k- kANS✓✓-The kfunction kof kmanagement kthat kincludes kJob kanalysis,
krecruitment, kand khiring kof kpeople kwith kthe knecessary kskills kfor kappropriate
kjobs. kProviding kor kfacilitating kongoing ktraining, kif knecessary, kto kkeep kskills
kcurrent.
Leading/Directing k- kANS✓✓-The kfunction kof kmanagement kthat kinvolves
kdetermining kwhat kneeds kto kbe kdone kin ka ksituation kand kgetting kthe kright
kpeople kto kdo kit.
Controlling/Monitoring k- kANS✓✓-The kfunction kof kmanagement kthat kinvolves
kchecking kcurrent koutcomes kagainst kforecast kplans kand kmaking kadjustments
kwhen knecessary kso kthat kgoals kare kachieved.
Motivating k- kANS✓✓-The kfunction kof kmanagement kthat kconsists kof
kenergizing, kchanneling kand ksustaining kpeople's kbehavior ktowards kthe kgoals
kof kthe korganization.
Stakeholders k- kANS✓✓-Persons kor korganizations kwith ka klegitimate kinterest kin
ka kgiven ksituation, kaction k,or kenterprise kwhich kare kdirectly kaffected kby kthe
korganization's kactions.
Theoretical k- kANS✓✓-Of kor krelating kto kthe kunderlying kprinciples kor kmethods
kof ka kgiven ktechnical kskill, kart, ketc., kas kopposed kto kits kpractice.
,Shareholder k- kANS✓✓-Through kowning kstock k,the kreal kowner kof ka kpublicly
ktraded kbusiness kthat kis krun kby kmanagement.
Capital kexpenditure k- kANS✓✓-Funds kspent kby ka kcompany kto kacquire kor
kupgrade ka klong-term kasset.
Controller k- kANS✓✓-A kperson kwho kaudits kand kmanages kthe kfinancial kaffairs
kof ka kcompany kor kgovernment; ka kcomptroller.
Delegation k- kANS✓✓-The kact kof kcommitting ka ktask kto ksomeone, kespecially ka
ksubordinate.
Line kAuthority k- kANS✓✓-Managers khave kthe kformal kpower kto kdirect kand
kcontrol kimmediate ksubordinates kexecuting kspecific ktasks kwithin ka kchain kof
kcommand, kusually kwithin ka kspecific kdepartment.
Functional kAuthority k- kANS✓✓-Managers khave kformal kpower kover ka kspecific
ksubset kof kactivities kthat kinclude koutside kdepartments. k(Before ka kproduction
kmanager kbuys ka knew kmachine, ka kexpenditure kproposal kmust kbe ksubmitted.)
Staff kAuthority k- kANS✓✓-Staff kspecialists kmanage koperations kin ktheir kareas
kof kexpertise.
Tall kStructure k- kANS✓✓-Management kstructure kcharacterized kby kan koverall
knarrow kspan kof kmanagement, ka krelatively klarge knumber kof khierarchical
klevels, ktight kcontrol, kand kreduced kcommunication koverhead.
Flat kStructure k- kANS✓✓-Management kstructure kcharacterized kby kan koverall
kbroad kspan kof kmanagement kand krelatively kfew khierarchical klevels, kloose
kcontrol kand kease kof kdelegation.
Centralization k- kANS✓✓-The klocation kof kdecision kmaking kauthority knear ktop
korganizational klevels. kThis kexpedites kdecision-making kfrom kthe ktop kdown.
Decentralization k- kANS✓✓-The klocation kof kdecision kmaking kauthority kis
krelatively kevenly kdispersed kacross kthe kcompany. kThis kworks kwell kwhen
kcreativity kand kindependent koperations kcreate kvalue kfor kthe korganization.
Laissez-faire k- kANS✓✓-An kenvironment kin kwhich kan korganization's
kemployees kare kfree kfrom kexcessive koversight kor kmanagement, kwith
ksufficient kcontrol konly kto kensure korganizational kgoals kare kmet.
Accounting k- kANS✓✓-The ksystematic kand kdetailed krecording kof kfinancial
ktransactions kof ka kbusiness.
, Why kis kaccounting kimportant? k- kANS✓✓-Helps ktrack kincome kand
kexpenditures, kensure kstatutory kcompliance, kand kprovide kinvestors,
kmanagement, kand kgovernment kwith kquantitative kfinancial kinformation kwhich
kcan kbe kused kin kmaking kbusiness kdecisions.
Income kStatement k- kANS✓✓-Provides kyou kwith kinformation kabout kthe kprofit
kand kloss
The kBalance kSheet k- kANS✓✓-Gives kyou ka kclear kpicture kon kthe kfinancial
kposition kof kyour kbusiness kon ka kparticular kdate.
Cash kFlow kStatement k- kANS✓✓-A kbridge kbetween kthe kincome kstatement kand
kbalance ksheet kthat kreports kthe kcash kgenerated kand kspent kduring ka kspecific
kperiod kof ktime.
Accounting kEquation k- kANS✓✓-The kidea kthat ka kcompany's ktotal kassets kare
kequal kto kthe ksum kof kits kliabilities kand kits kshareholders' kequity. kThe
kfoundation kof kthe kdouble-entry kaccounting ksystem.
Double kEntry kAccounting k- kANS✓✓-A ksystem kthat krequires kone kdebit kand
kone kcredit kentry kfor kevery ktransaction kwithin ka kbusiness. kIt ktracks kwhere
kyour kmoney kcomes kfrom kand kwhere kit's kgoing.
Assets k- kANS✓✓-Resources kcontrolled kby kthe kcompany.
Liabilities k- kANS✓✓-The kobligations, kor kdebts, kthat ka kcompany kowes kand
kcosts kthat kit kneeds kto kpay kin korder kto kkeep kthe kcompany krunning.
Sections kof ka kBalance kSheet k- kANS✓✓-Assets, kLiabilities, kand kShareholder's
kEquity k(owner's kequity)
Accounts kreceivables k- kANS✓✓-Lists kthe kamounts kof kmoney kowed kto kthe
kcompany kby kits kcustomers kfor kthe ksale kof kits kproducts.
Cash kEquivalents k- kANS✓✓-Type kof kasset kthat kthat kis kliquid kand knot
ksubject kto kmaterial kfluctuations kin kvalue. kIncludes kcommercial kpaper,
kTreasury kbills, kand kshort-term k(3 kmo. kor kless) kgovernment kbonds.
Cash kand kCash kequivalents k- kANS✓✓-First kline kof kassets kon ka kBalance
kSheet kthat kreports kthe kvalue kof ka kcompany's kassets kthat kare kcash kor kcan
kbe kconverted kinto kcash kimmediately.
Shareholder's kEquity k- kANS✓✓-A kcompany's ktotal kassets kminus kits ktotal
kliabilities.
