Sana-The Commerce House

1.Which of the following depreciation methods assumes that an asset loses its value more rapidly in the earlier years of its useful life? A) Straight-line depreciation B) Double-declining balance depreciation C) Units of production depreciation D) Sum-of-the-years' digits depreciation 2. Under which depreciation method is the depreciation expense calculated based on the number of units produced or hours of operation? A) Straight-line depreciation B) Double-declining balance depreciation C) Units of production depreciation D) Sum-of-the-years' digits depreciation 3. Which depreciation method allocates an equal amount of depreciation expense to each year of an asset's useful life? A) Straight-line depreciation B) Double-declining balance depreciation C) Units of production depreciation D) Sum-of-the-years' digits depreciation 4. Which depreciation method is often considered the simplest and most commonly used for financial reporting purposes? A) Straight-line deprec

  Multiple choice questions with answers on the topics of Introduction to Corporate Governance, Evolution and Development of Corporate Governance in India, Pillars and Components, and Recent Developments in Corporate Governance: 1. What is Corporate Governance?  A) A system of rules and regulations for corporate parties  B) A process of decision-making within a company  C) A framework for ethical business conduct and accountability  D) All of the above Answer: D) All of the above 2. What is the significance of Corporate Governance?  A) Ensures transparency and accountability  B) Enhances investor confidence  C) Helps in preventing corporate scandals  D) All of the above Answer: D) All of the above 3. Which of the following is not a function of Corporate Governance? A) Strategic Planning  B) Risk Management  C) Financial Reporting  D) Human Resource Management Answer: D) Human Resource Management 4. What are the objectives of Corporate Governance?  A) Maximizing shareholde

  Multiple-choice questions (MCQs) along with their answers on the topics you mentioned: 1. Which of the following is considered a basic concept of income? A) Salary B) Expense C) Liability D) Asset Answer: A) Salary 2. Agriculture income is exempt from taxation in which country? A) United States B) India C) United Kingdom D) Australia Answer: B) India 3. Casual income refers to income earned from: A) Regular employment B) Part-time jobs C) Investments D) Inheritance Answer: B) Part-time jobs 4. The assessment year is the year in which: A) Income is earned B) Income tax return is filed C) Tax is calculated D) Tax is paid Answer: B) Income tax return is filed 5. Gross total income includes income from all sources except: A) Agriculture B) Salary C) Business D) Gifts Answer: A) Agriculture 6.Total income is calculated by subtracting ________ from gross total income. A) Deductions B) Expenses C) Liabilities D) Assets

Corporate governance Theories Corporate governance theories provide frameworks for understanding how corporations should be structured, managed, and controlled to ensure accountability, transparency, and fairness to all stakeholders, including shareholders, employees, customers, and the community at large. Here are some key theories in corporate governance and their relationship with Corporate Social Responsibility (CSR): Agency Theory : This theory focuses on the relationship between principals (shareholders) and agents (management). It suggests that conflicts of interest arise because agents may prioritize their own interests over those of shareholders. To align interests, mechanisms like executive compensation packages, board oversight, and disclosure requirements are employed. CSR initiatives can be seen as mechanisms to reduce agency costs by aligning the interests of management with those of shareholders and other stakeholders. For example, implementing CSR practices can enhance