Business Management Knowledge And Trivia

Income refers to the money received as a result of business activity, which represents a financial gain. It includes the revenue generated from selling goods or services, as well as any other sources of earnings such as rent, interest, or dividends. Income is a crucial component in determining an individual's or a company's financial status and is often subject to taxation.

Appreciation refers to the measure of a continued rise in the worth of an asset. It indicates that the value of the asset is increasing over time. This can be observed in various types of assets such as real estate, stocks, or collectibles. Appreciation is a positive indicator as it signifies that the asset is becoming more valuable and can potentially generate higher returns in the future.

In 2014, Facebook acquired WhatsApp for a whopping $19 billion. This purchase was a strategic move by Facebook to expand its reach in the messaging app market and gain access to WhatsApp's large user base. WhatsApp, a popular messaging platform, allows users to send text messages, make voice and video calls, and share media files. This acquisition helped Facebook strengthen its position in the social media industry and tap into the growing mobile messaging market.

An entrepreneur is someone who takes initiative and risks to develop new ideas or products in the workplace. They are known for their innovation and ability to identify opportunities for growth and improvement. In this context, a manager who develops a new idea or product can be considered an entrepreneur as they are taking on the challenge of introducing something new and potentially disruptive to the organization.

Amortization is the correct answer because it refers to the process of gradually reducing the value of intangible assets over time. Intangible assets, such as patents, copyrights, and trademarks, are not physical in nature but still hold value for a company. Amortization allows companies to allocate the cost of these assets over their useful life, reflecting their diminishing value. This helps to accurately represent the asset's value on the company's financial statements. Accruals, appreciation, and amalgamation are not related to the depreciation of intangible assets, making them incorrect choices.

Raj Jain is the correct answer because he resigned from Walmart India on 26 June, 2013.

Muthoot Finance received in-principal approval from the Reserve Bank of India (RBI) for establishing and operating White Label ATMs (WLAs) in the last week of June 2013. This indicates that Muthoot Finance was given permission by the RBI to set up and operate ATMs under its own brand name, providing banking services to customers without being a traditional bank.

In 2012, Starbucks opened its first coffee outlet in India in the city of Mumbai. This expansion into Mumbai marked the company's entrance into the Indian market and was a significant milestone for Starbucks in its global growth strategy. Mumbai, being one of the major cities in India, provided a prime location for Starbucks to establish its presence and cater to the growing coffee culture in the country.

Income tax is a progressive tax because it is based on the taxpayer's income level. The tax rate increases as the income increases, resulting in higher-income individuals paying a higher percentage of their income in taxes compared to lower-income individuals. This progressive nature of income tax helps to redistribute wealth and promote a more equitable tax system.

Scheduling is not a part of Strategic Management. Strategic Management involves the formulation and implementation of long-term goals and initiatives for an organization, while scheduling refers to the process of planning and organizing specific activities and tasks within a given timeframe. Although scheduling may be an important aspect of operational management, it is not directly related to the strategic decision-making process involved in Strategic Management. Therefore, the correct answer is False.