Oromia Bank S.C. (OB) was once established in accordance with the pertinent laws, rules and the 1960 Commercial Code of Ethiopia, by the Monetary and Banking Proclamation No. 83/1994 and by means of the Licensing and Supervision of Banking Proclamation No. 592/2008.
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Our mission is to help people get jobs. We work towards improving the recruitment journey through daily job posts. We create a collaborative workplace that strives to create the best experience for job seekers
Through the years, our presence has grown tremendously. After opening the first Bole branch on October 25, 2008 in Addis Ababa – Africa avenue, we endured to expand via establishing over 300 branches throughout the nation. But growth, as a company, is more than simply brick-and-mortar. It’s a reflection of our performance and our capability to earn the public’s trust. Today, we continue to be identified as a top performing financial institution with paid up capital to Birr 3 Billion.
Multiple Choice Questions: Instructions: Choose the best answer and write the letter of your choice on the answer sheet attached
1. Bob: Do you ……. if I use your phone to call my wife?
(a) value (b) worry (c) mind (d) allow
2. Bill: Sure. Would you ……. use my cell phone or the one in my office?
(a) rather (b) prefer (c) like (d) assume
3. Bob: The one in your office is fine. Do I need to ……. anything special to get out of the building?
(a) tighten (b) press c) compress (d) dial
4. Bill: Yes. You ……. dial 9 and then your number.
(a) should (b) could (c) would (d) shall
5. Bob: If another call comes in while I’m on the phone, should I put my wife on ……. and take it?
(a) wait (b) hold (c) hope (d) the side
6. Bill: No, that’s alright. If you don’t answer it will just go through to my ……. and I can call them back later.
(a) answering machine (b) voicemail (c) voice-recoder (d) e-mail
7. Bob picked up the ……. and dialed 9 then his home number.
(a) handle (b) cord (c) thing-a-ma-jig-er (d) receiver
8. Bill straightened up the office, pretending not to listen to Bob’s ……. of the conversation with his wife.
(a) end (b) part (c) words (d) half
9. Finally Bob ……..
(a) hanged up (b) hang over (c) hung up (d) hung over
10. Bill: I couldn’t help but ……. you’re having chicken for dinner tonight. Can I come over?
(a) overhear (b) eavesdrop (c) listen (d) comprehend
11. I would be very interested in ……. for that job.
(a) entering (b) working (c) applying (d) writing
12. Do you want to ……. as a candidate in the local elections?
(a) stand (b) sit (c) go (d) try
13. They are completely ……. up with all the noise in the centre of town.
(a) tired (b) fed (c) sick (d) ill
14. The reason there are no buses is because the drivers are on ……..
(a) hit (b) stop (c) strike (d) leave
15. The government has changed its policy and had a complete change of ……..
(a) view (b) opinion (c) mind (d) heart
16. This supermarket is trying to ……. young shoppers by offering fashionable clothes.
(a) target (b) persuade (c) encourage (d) trap
17. You should have ……. those shares when they were cheap.
(a) taken out (b) sold off (c) bought up (d) taken over
18. You must try and hurry up because my patience is ……. out.
(a) running (b) racing (c) pacing (d) turning
19. Have you ever tried your ……. at running a business?
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(a) arm (b) finger (c) hand (d) leg
20. Once you are earning money and you want to keep it safe, you can always ……. an account with a bank.
(a) open (b) start (c) begin (d) commence
21. STORE CONTENTS IN A COOL PLACE OUT OF DIRECT SUN LIGHT
(a) The contents should be kept at a constant temperature.
(b) The contents are sensitive to heat and light.
(c) The contents must be kept frozen.
22 Management Writing Competition For excellence in management writing There are six prizes to be won in two sections: Best Management Book and Best Management Article. Participants in the competition
(a) may enter in different categories of management writing.
(b) will receive top quality publications on management if they win.
(c) must have published several books or articles on management
23 To: All Research Staff
From: J Swann, Human Resources
Subject: Job evaluation sessions This is just a reminder of the job evaluation sessions which take place next month.
You should spare some time to be present at these sessions, as it is very much in your interest to attend
(a) You can only attend the sessions in your free time.
(b) You must tell HR if you are interested in the sessions.
(c) You will benefit from attending the sessions.
24. In which level of management are technical skills most needed?
A. Top level B. Middle level
C. First –line level
D. Chief executive officer of the company
25. If a fresh graduate is recruited in Oromia cooperative bank, according Maslow’s hierarchy of needs, what is the first level need of the new employee?
A. Social B. Esteem C. Self actualization D. Food and shelter
26. The meeting will begin after the boss _____
a. will arrive b. arrives c. arrived d. have arrived
27. The sentence ‘Go to bed immediately or you can’t get up early tomorrow’ may mean
a. If you didn’t go to bed immediately, you couldn’t get up early tomorrow
b. If you don’t go to bed immediately, you can’t get up early tomorrow
c. If you went to bed immediately, you could get up early tomorrow
d. If you go to bed immediately, you can’t get up early tomorrow
28. Where is the component strength located in a SWOT analysis?
A. The external environment B. The internal and external environment C. The internal environment D. All of the above
29. What is a mission statement?
A. The vision of the organization
B. The short term plan of the organization
C. The statement which explains the reason for the existence of the organizations
30. Which of the following is categorized as Macro environment for business organizations?
A. Suppliers B. Customers C. Technology D. Distributers
Match the following description (6-10) of managers with the 3 role of managers given below
A. Interpersonal B. Informational C. Decisional
31. …………Initiate improvement of projects; identify new ideas; delegate idea responsibility to others.
32. ………….Take corrective action during disputes or crises; resolve conflicts among subordinates; adapt to environmental crises.
33. —————Seek and receive information; scan periodicals and reports; maintain personal contacts.
34. ………Perform ceremonial and symbolic duties such as greeting visitors, signing legal documents.
35. ………..Direct and motivate subordinates; train, counsel, and communicate with subordinates.
36. The investment regulation in afar region is better in attracting investors than Beneshangul region, under which category of business environment will you categorize the regulation
A. Economic B. Social C. Political and legal D. Technological
37. A sign “don’t smoke” in Oromia cooperative bank is best refers to as
A. Rule B. Policy C. Guideline D. Vision
38. To what time-frame do strategic plans relate?
A. Long-term B. Medium-term C. Short-term D. Unspecified time it takes to achieve an aim
39. What do you call a style of leadership that takes account of others’ views, opinions and ideas?
A. Laissez-faire B. People-oriented C. Democratic D. Autocratic
40. Of what is an investment decision an example?
A. Programmed decision B. Routine decision C. Management decision D. Non-programmed decision
41. What do the four ‘P’s’ of marketing relate to?
A. Product, price, place and promotion B. Product, price, press and promotion C. Product, price, publicity and promotion D. Product, price, post and promotion
42. What tasks does Human resource management involve?
A. Attracting employees to the organization B. Recruiting employees C. Retaining employees D. All of the above
43. A firm sells widgets for $14 each. The variable costs for each unit is $8. The contribution margin per unit is:
A. $ 6 B. $12 C. $14 D. $ 8
44. Company A’s fixed costs were $42,000, its variable costs were $24,000, and its sales were $80,000 for the sale of 8,000 units. The company’s break-even point in units is:(Hint: Break even happens when total cost=total revenue)
A. 8,000 B. 5,000 C. 6,000 D. 7,000
45. Janet sells a product for $6.25. The variable costs are $3.75. Janet’s break-even units are 35,000. What is the amount of fixed costs?
A. $ 87,500 B. $ 35,000 C. $131,250 D. $104,750
46. The sum of three consecutive odd numbers is 57. The middle one is:
A. 19 B. 21 C. 23 D. 17
47. What percent of a day is 6 hours?
A. 6.25% B. 20% C. 25% D. 12.5%
48. Which factors affect the productivity of a company:
A. methods B. quality C. capital D. technology E. all the above
49. Determine the productivity of four workers who installed 640 square yards of carpeting in 8 hours per day (hint: productivity=output / input).
A. 20 yards per hour B. 80 yards per hour C. 16 yards per hour D. 2 yards per hour E. None of the above
50. A wrapping paper Company produced 2000 rolls of paper one
50. If the supplies account, before adjustment on May 31, indicated a balance of $2,250, and supplies on hand at May 31 totaled $950, the adjusting entry would be:
A. Debit Supplies, $950; credit Supplies Expense, $950.
B. Debit Supplies, $1,300; credit Supplies Expense, $1,300.
C. Debit Supplies Expense, $1,300; credit Supplies, $1,300.
D. Debit Supplies Expense, $950; credit Supplies, $950.
51. If the estimated amount of depreciation on equipment for a period is $2,000, the adjusting entry to record depreciation would be:
A. Debit Depreciation Expense $2,000; credit Equipment, $2,000.
B. Debit Equipment, $2,000; credit Depreciation Expense, $2,000.
C. Debit Depreciation Expense, $2,000; credit Accumulated Depreciation, $2,000.
D. Debit Accumulated Depreciation, $2,000; credit Depreciation Expense, $2,000.
52. If the equipment account has a balance of $22,500 and its accumulated depreciation account has a balance of $14,000, the book value of the equipment would be:
A. $36,500. B. $22,500. C. $14,000. D. $8,500.
53. Which of the following is not an element of internal control?
A. Control environment B. Monitoring C. Compliance with laws and regulations D. Control procedures
54. The bank erroneously charged Tropical Services’ account for $450.50 for a check that was correctly written and recorded by Tropical Services as $540.50. To reconcile the bank account of Tropical Services at the end of the month, you would:
A. Add $90 to the cash balance according to the bank statement.
B. Add $90 to the cash balance according to Tropical Services’ records.
C. Deduct $90 from the cash balance according to the bank statement.
D. Deduct $90 from the cash balance according to Tropical Services’ records.
55. In preparing a bank reconciliation, the amount of checks outstanding would be:
A. Added to the cash balance according to the bank statement.
B. Deducted from the cash balance according to the bank statement.
C. Added to the cash balance according to the company’s records.
D. Deducted from the cash balance according to the company’s records.
56. Journal entries based on the bank reconciliation are required for:
A. Additions to the cash balance according to the company’s records.
B. Deductions from the cash balance according to the company’s records.
C. Both A and B. D. Neither A nor B.
57. A petty cash fund is:
A. Used to pay relatively small amounts.
B. Established by estimating the amount of cash needed for disbursements of relatively small
amounts during a specified period.
C. Reimbursed when the amount of money in the fund is reduced to a predetermined minimum amount.
D. All of the above.
58. At the end of the fiscal year, before the accounts are adjusted, Accounts Receivable has a balance of $200,000 and Allowance for Doubtful Accounts has a credit balance of $2,500. If the estimate of uncollectible accounts determined by aging the receivables is $8,500, the amount of bad debt expense is:
A. $2,500. B. $6,000. C. $8,500. D. $11,000.
59. At the end of the fiscal year, Accounts Receivable has a balance of $100,000 and Allowance for Doubtful Accounts has a balance of $7,000. The expected net realizable value of the accounts receivable is:
A. $7,000. B. $93,000. C. $100,000. D. $107,000.
66. What is the maturity value of a 90-day, 12% note for $10,000?
A. $8,800 B. $10,000 C. $10,300 D. $11,200
60. What is the due date of a $12,000, 90-day, 8% note receivable dated August 5?
A. October 31 B. November 2 C. November 3 D. November 4
61. When a note receivable is dishonored, Accounts Receivable is debited for what amount?
A. The face value of the note B. The maturity value of the note
C. The maturity value of the note less accrued interest D. The maturity value of the note plus accrued interest
62. Which of the following expenditures incurred in connection with acquiring machinery is a proper charge to the asset account?
A. Freight B. Installation costs C. Both A and B D. Neither A nor B
63. What is the amount of depreciation, using the double declining-balance method for the second year of use for equipment costing $9,000, with an estimated residual value of $600 and an estimated life of three years?
A. $6,000 B. $3,000 C. $2,000 D. $400
64. An example of an accelerated depreciation method is:
A. Straight-line. B. Double-declining-balance. C. Units-of-production. D. Depletion
65. A fixed asset priced at $100,000 is acquired by trading in a similar asset that has a book value of $25,000. Assuming that the trade-in allowance is $30,000 and that n$70,000 cash is paid for the new asset, what is the cost of the new asset for financial reporting purposes?
A. $100,000 B. $95,000 C. $70,000 D. $30,000
66. Which of the following is an example of an intangible asset?
A. Patents B. Goodwill C. Copyrights D. All of the above
67. A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?
A. $22,000 B. $25,000 C. $44,000 D. $50,000
68. When a building is purchased for cash.
A. Total assets are increased B. Capital is decreased C. Total assets are decreased D. Capital is increased E. None
69. If the double declining depreciation rate of a plant asset is 50% then it’s estimated life will be:
A. 50 years B. 10 years C. 4 years D. None
70. One of the following is not among the main characteristics of plant assets
A. Long lived B. Used in the normal operations of a business C. Tangibility D. Held for sale in the normal course of a business
71. Off-the balance sheet activities of banks includes all except:
A. Loan commitments B. When-issued securities C. Mortgage loans D. Repurchase agreements E. Trading of derivatives
72. Which one is the most liquid than others?
A. Term deposit B. Passbook deposit C. Demand deposit D. Savings deposit E. E. Certificates of deposits
73. The process of financial intermediation occurs when funds are transferred from:
A. People who have surplus funds to people who have shortage of funds.
B. Financial institutions that have an excess of available funds to people or firms that have a shortage.
C. People who have a shortage of available funds to people who have an excess. D. Never transferred. E. People who have an excess of available funds to people who also have an excess of available funds.
74. Microeconomics theory deals with
a) The prices of factors of productions b) The prices of goods c) The prices of services d) All of the above e) None of the above
75. The basic economic question “ how to produce” refers to
a) Choice of technology b) Choice among enterprises c) Choice among different buyers d) all of the above e) None of the above
76. Which is true about the Production Possibility Curve (PPC)
a) Is downward slopped b) Is a graphical representation of trade offs among alternative choices
c) All points on the PPC represent efficient allocation of resources
d) If a country is on The PPC , it can increase the production of one good without decreasing the production of other good
e) All
77. Which of the following costs equal to each other?
a) Implicit costs and explicit costs b) Accounting cost and implicit costs
c) Explicit costs and accounting costs d) Implicit costs and economic costs e) None of the above
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78. Which of the following is true about the total product (TP) ?
a) Total product is at maximum when marginal product has fallen to zero.
b) Total product is at maximum when marginal product is falling
c) Total product is at minimum when marginal product is zero
d) Total product increases when marginal product is zero e) All of the above
79. In the long-run:
a. Variable costs tend to be greater than the fixed costs b. Fixed costs tend to be greater than variable costs
c. All costs are variable costs d. All costs are fixed costs e. All are correct
80. The rate of substitution between two inputs is measured by
a) The slope of the isocost line b) The ratio of the marginal productivity of inputs involved in the production function
c) The slope of the isoquant d) b and c e) none
81. Which of the following statement is false about cartel
a) They are perfect form of collusion b) Cartels are formed on voluntary basis
c) Cartel will try to protect the interest of member firms d) All are answers
82. Point of tangency between Isocost line and Isoquant curve represents
a) utility maximization point or consumers’ optimization level of consumption b) least cost way of producing two products c) point of consumer’s profit maximization d) b and c e) None
83. Product differentiation,
a) is a technique designed to make a firm’s product unique from other firms product b) Gross Domestic Product
c) Gross National Product d) National Income Accounting e) b and c
84. According to Keynesians school of thought the level of output and hence employment in closed economy is determined by, (2Pts)
a) the aggregate spending on domestic goods and services
b) the amount of factors of production used in the production process
c) the amount of factors of production used in the production process and how they are used
d) the amount of money in the economy e) All except d
85. Which one is correct about the gross domestic product?
A) It is the study of the procedure for measuring the aggregate output and income of the nation
B) It include all income generated by the economic agents within the country for two quarters.
C) It is determined by adding up all the money values of goods and services produced by the citizens of the country during a given year.
D) All of the above E) None of the above
86. Which one of the following government action is not an example of the operation of fiscal policy?
a) Decreasing corporate tax rate b) Decreasing interest rate c) Increasing income tax rate d) Increasing government expenditure on foreign aid e) None
87. Identify the correct statement about the marginal propensity to consume when it is 0.75
A) The 75% of consumption will be induced by income change
B) The marginal propensity to saving is 0.35
C) When income increases by 100 birr saving increases by 25 birr
D) a and c E) all are true
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