CAT Questions

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Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

Internal control is all of the policies and procedures management uses to achieve the following goals.

• Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

• Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

• Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

• Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

• Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

Hence, Internal controls are concerned with safeguarding assets.

We Know that sum of the n natural numbers =n(n+1)2

Then sum of 50 natural numbers= 50(51)2= 1250

Average of the 50 natural numbers = 125050 = 25.5

From a, we conclude that Vinitha is the wife of Ragini's mother's only son i.e. Ragini's brother. Thus, Vinitha is Ragini's sister-in-law.

From b, we conclude that Vinitha is the cousin of Ragini's husband, which implies that Vinitha is Ragini's sister-in-law.

6 April was declared as the International Day of Sport for Development and Peace (IDSDP) by the UN General Assembly. On the occasion of the 2017 International Day of Sport for Development and Peace (IDSDP), the United Nations Office on Sport for Development and Peace (UNOSDP) launches the digital campaign #WePlayTogether to encourage organizations and individuals.

Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...

Capital has a number of related meanings in economics, finance, and accounting.

In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.

In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.

Monsoon experiment is abbreviated as MONEX.

The Monsoon Experiment is the core of the GARP Monsoon Subprogramme, which is a major international effort to achieve a better understanding of the Planetary monsoon circulation, the major seasonal perturbation of the general circulation of the atmosphere and the influence of the annual cycle of precipitation associated with the monsoon on the agriculture of the many populous nations of the region.

Hence, MONEX is associated with The Monsoon Experiment.