Commerce Accountancy
Business and Project Management
1,444 Questions
Business and project management focus on organizational resources, strategic planning, and time management techniques used to achieve corporate objectives. It includes theories of administration and continuous improvement processes. Review these commerce and management questions to prepare for business administration sections in competitive exams.
Strategic managementTime managementOrganizational resourcesAdministration principles
Business and Project Management Questions
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a. Resolve work and Reply to work
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b. Receive work and Report on work.
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c. Review work and Report on work
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d. Route work and Resolve work.
D
Correct answer
Explanation
Flows and Assignments work together to route work and resolve work. Flows define the path (routing) while assignments capture user resolutions. The other options describe different but incomplete aspects.
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Type
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Priority
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Status
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Impact
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Rating
E
Correct answer
Explanation
Buying criteria are defined using Type, Priority, Status, and Impact. Rating is NOT used in defining buying criteria - it's a separate field for evaluating leads or opportunities. The other four (Type, Priority, Status, Impact) are the core attributes for establishing buying criteria.
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rule group
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eligible rules
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agenda
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agenda filter
C
Correct answer
Explanation
In rule engine terminology, the list of eligible rules ready to be fired is called the 'agenda'. The agenda contains rules whose conditions have been evaluated to true and are waiting in queue to execute. 'Rule group' and 'eligible rules' are descriptive terms but not the formal name. 'Agenda filter' is something that affects the agenda, not the agenda itself.
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Accounts for each user
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Account for each group of users
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Accounts for each business unit
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None of the above
A
Correct answer
Explanation
Individual user accounts provide proper accountability by linking every action to a specific person. Shared accounts (groups or business units) make it impossible to determine who performed an action when multiple people share credentials. Security principle: one person, one account. This supports audit trails, non-repudiation, and access control.
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Detailed instructions on how to carry out security tasks
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Guidelines to achieve security goals
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Broad and high level statements from the top management of the organization
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None of the above
C
Correct answer
Explanation
Security policies are broad, high-level statements from top management that establish the organization's security stance. They differ from procedures (detailed instructions) and guidelines (recommended practices). Policies are mandatory and management-driven.
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Report Analysts
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Report Designers & Administrator
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Both
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None
B
Correct answer
Explanation
Report creation is typically restricted to Report Designers who have the technical expertise to build reports, and Administrators who have the permissions. Report Analysts generally consume and analyze existing reports rather than create them.
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Report Analysts
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Report Designers & Administrator
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Both
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None
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Billing address
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Service address
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Both Billing and Service address
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Shipping address
A
Correct answer
Explanation
OLB (Other Lines of Business) accounts in ICM systems are specifically designed to have only a billing address, not a service address. This is different from primary business accounts which may have both billing and service addresses. The system constraints for OLB accounts limit them to billing address only.
D
Correct answer
Explanation
OLB (Online Banking) Accounts can be identified by Account IDs that start with the letter 'S'. This is a naming convention used in the system to distinguish OLB accounts from other account types.
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AOD
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Operations Manager
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TDO
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Service Lead
B
Correct answer
Explanation
The Operations Manager acts as the primary escalation point for vendor-managed resources, handling performance issues, coaching, and staff development. This role sits above AOD and Service Lead in the escalation chain, with broader responsibility for vendor relationships and team management.
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iAdmin
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Incharge
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UTS
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Gomez
C
Correct answer
Explanation
Hi-Pri management is responsible for taking notes throughout an incident and providing updates into UTS (Universal Ticketing System). This ensures proper documentation and tracking of incident progress.
B
Correct answer
Explanation
In the Workflow Optimization model, Triage is the first point of contact for incident management. Triage assesses and routes incidents appropriately. SD (Service Desk) (A) typically handles different types of requests, and SIE/NIE (C, D) are specialized teams.
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Se utilizan para crear valor en forma de salida para la gestión de producción
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Se utilizan para crear valor en forma de bienes y servicios
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Se utilizan para crear valor para la organización de TI para el Servicio de Apoyo
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Se utilizan para crear valor para la organización de TI para la prestación de servicios
B
Correct answer
Explanation
In ITIL and service management, resources and capabilities are fundamental assets used by organizations to create value. Resources typically include IT infrastructure, applications, information, and people, while capabilities refer to the organization's ability to coordinate, control, and deploy these resources. Together, they are used to create value in the form of goods and services that are delivered to customers. Option B correctly captures this core ITIL concept.
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inspection is the most formal review process
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inspections should be led by a trained leader
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managers can perform inspections on management documents
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inspection is appropriate even when there are no written documents
D
Correct answer
Explanation
Inspections are the most formal review process, requiring documented artifacts, trained moderators, and structured participants. Option D is NOT true because inspections fundamentally require written documents or code to review - they cannot be performed on unwritten or口头 materials. Managers can participate in inspections of management documents, and trained leaders should moderate inspections. The need for documentation is what makes D the false statement.
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Technical and Service
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Resource and Proactive
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Reactive and Technical
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Proactive and Reactive
D
Correct answer
Explanation
Problem Management has two major processes: Reactive Problem Management (responding to problems after incidents occur, investigating root causes) and Proactive Problem Management (identifying and preventing problems before they cause incidents). This dual approach addresses both current issues and prevents future ones.