1.Cross-cultural communication means
a. the communication between different groups of cultures and languages
b. the act of feeling admiration for some.
c. behaviour that shows that you respect somebody or something
d. something spoken, not written.
cross = between two or many many
2.With reference to “ethnocentrism”, consider the following statements:
1. It is the evaluation of other cultures according to preconceptions originating in the standards and customs of one's own culture.
2. When combined with stereotyping, it can be constructive as it helps understand cultural differences.
Which of the above statements is/are correct?
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Ajay leaves the Rupees15,000 interest in the bank each year.
That means the next year, he earns interest on the interest compound interest.
So after 5 years, Ajay’s balance will include=principal + Interest accumulated with compounding.
Consider the following about Return on Investment (ROI)
1. ROI is calculated by subtracting the initial cost of the investment from its final value, then
dividing this new number by the cost of the investment, and finally, multiplying it by 100.
2. It can be used to measure the profitability of stock shares, to decide whether to purchase a business or to evaluate the success of a real estate transaction.
3. A positive ROI means that net returns are positive because total returns are greater than any associated costs. A negative ROI indicates that the total costs are greater than the returns.
a. 1 only
b. 1 and 2 only
c. 1 and 3 only
d. 1, 2 and 3
What are the specifications of a Savings Account?
a. Savings accounts are low-risk funds or less-risky capital investment options.
b. Withdrawal of your capital in a savings account is quick and easy. It is useful
when you are in need of emergency funds.
c. Interest received is normally below the inflation rate which means you are
losing money in the long term.
d. All of these.
What are the steps one should undergo when creating a startup company?
1. Evaluation of Business Idea.
2. Calculating Estimate Cost.
3. Prepare Marketing Plan.
4. Build a Customer Support Team.
Select the correct answer using the code given below:
a. 1, 2 and 4 only
b. 1 and 4 only
c. 1, 2 and 3 only
d. 1, 2, 3 and 4
Answer--Build a customer support team this usually happens after the business has launched and started getting customers, not in the initial creation phase
Which of the following best describes “diversification” in finance?
a. A strategy of buying and selling throughout the trading day to maximize your
gains.
b. A strategy of spreading your money around with lots of different types of
investments.
c. A strategy for minimizing the taxes you pay on your investments.
d. It is the degree of differences in identifying features among the members of a
financial group.
Answer--In finance, diversification means investing your money in different asset classes (like stocks, bonds, real estate, etc.) or in various sectors, companies to reduce risk.
Which of the following are essential attitudes of creativity?
1. Willingness to discard others’ perspectives
2. Willingness to be wrong
3. Relentless iteration
4. Falling in love with the problem
a. 1, 3 and 4 only
b. 1 and 4 only
c. 2, 3 and 4 only
d. 1, 2, 3 and 4
The essential attitudes of creativity include a willingness to be wrong, a commitment to relentless iteration, and a deep engagement with the problem itself.
Creative individuals are open to making mistakes and learning from them, continuously refine their ideas through experimentation and feedback, and remain passionately focused on understanding and solving the problem rather than rushing to easy answers.
Willingness to discard others’ perspectives not correct.
Creativity requires openness to others’ perspectives, not discarding them.
Think of something you have a strong opinion about or a recent time when you disagreed with somebody on a certain topic. Thinking of that topic or situation, you consider the following questions in order to see things in new and different ways
1. If I look at the bigger/smaller picture, does my perspective change?
2. Will the same idea/ process that works in a particular environment or context work well inanother situation?
Identify the most appropriate engineering sense being described in the above lines.
a. Big picture thinking
b. Applying the principles learnt
c. Simplification
d. Gaining current perspective
Question 1 (Bigger/Smaller Picture): This relates to scale and scope, which are fundamental considerations when applying engineering principles. Engineers must understand how their solutions change when applied to a large system versus a small component.
Question 2 (Transferability): This directly addresses the universality and constraints of principles. A successful engineering solution (an idea or process) is based on fundamental principles (like thermodynamics or material science). The question asks if those underlying principles, proven in one context (like a specific environment or load condition), will still hold true and work well in a different context. This is the core skill of taking knowledge (principles) and applying it to a new problem (situation/environment).
While "Big picture thinking" (a) is related to Question 1, "Applying the principles learnt" (b) is the broader and more accurate description, as it covers the crucial concept of transferring knowledge and checking for context-dependent limitations
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