Explanation

• When the ratios of three companies are analyzed and compared, it is called Industry Analysis.
• Industry analysis compares the financial performance of companies within the same industry.
• It helps identify differences in profitability, efficiency, liquidity, and financial strength.
• Trend analysis examines financial data over different periods.

Last verified on 14-08-2026

Explanation

• The Big Five Model of personality is represented by OCEAN.
• OCEAN stands for Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.
• These five dimensions are widely used to describe major personality traits.

Last verified on 14-08-2026

Explanation

• Replacement Cost Accounting values assets at their current replacement cost.
• It reflects the amount that would be required to replace an existing asset at current prices.
• It differs from historical cost, which records the original acquisition cost.
• Replacement cost provides a more current measure of an asset's value.

Last verified on 14-08-2026

Explanation

• Incrementalism focuses on making small changes to existing policies.
• It does not usually seek major or radical changes.
• Existing policies provide the starting point or base.
• Policymakers adjust the policy according to current needs.

Explanation

• A manager influences the work of others in achieving organizational goals. This is known as Leadership.
• Leadership involves influencing and guiding people toward organizational objectives.
• A leader motivates employees and directs their efforts toward common goals.

Last verified on 14-08-2026

Explanation

Violations of public policy can be carried out through the lawful use of force:

• Fines are financial penalties imposed for violations.
• Imprisonment may be imposed for serious violations where authorized by law.
• Government authorities may use lawful enforcement measures to ensure compliance.

Last verified on 14-08-2026

Explanation

• Mass media can influence what people think about.
• Through news, television, newspapers, and social media, mass media can set the public agenda.
• This is known as agenda-setting, which emphasizes which issues people should pay attention to.
• Mass media can influence public awareness, opinions, and discussions on important issues.

Last verified on 14-08-2026

Explanation

• Job specification tells about the qualification and skills required for a job.
• It describes the education, experience, skills, knowledge, and abilities needed by the job holder.

Last verified on 14-08-2026

Explanation

• Comparing one's input-output ratio with that of others is related to Equity Theory.
• Developed by J. Stacy Adams.

Additional information 

• Developed by Victor Vroom, Expectancy Theory explains that people choose how to behave based on what they think the outcome will be.
• Goal-Setting Theory: Developed by Edwin Locke and expanded by Gary Latham.Specific and challenging goals improve performance.

Last updated by NA on 25-08-2026

Explanation

• The policy cycle is both forward and backward.
• Policy-making is not always a strictly linear process.
• Policymakers may move forward from formulation to implementation and evaluation.
• They may also move backward to revise or reformulate a policy based on evaluation and feedback.

Last verified on 14-08-2026