IBA Cheat Sheet 2026

The 30 highest-yield IBA facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. What is the primary objective of business strategy in Institute of Business Administration? → To ensure competence and proficiency in core business strategy concepts
2. Goodwill as an intangible asset arises when: → A company acquires another company for more than the fair value of its net assets
3. Which method of depreciation results in the highest depreciation expense in the early years of an asset's life? → Double-declining balance depreciation
4. Sometimes we are ill ourselves, and even ______ who have the good fortune to enjoy sound health have to face the fact of their own mortality. → those
5. What does the current ratio measure? → A company's ability to pay short-term obligations with current assets
6. Which approach is most effective for mastering organizational behavior in Institute of Business Administration? → Combining theoretical study with practical application and regular review
7. Which approach is most effective for mastering international business in Institute of Business Administration? → Combining theoretical study with practical application and regular review
8. A certain positive integer when divided by 7 gives a remainder of 5 and when divided by 11 gives a remainder of 8. Hence the integer can be: → 19
9. Majid is now 42 years old and his brother, Zahid, is 32 years old. How many years ago was Majid three times as old as Zahid? → 27
10. Which financial statement shows a company's revenues and expenses over a specific period? → Income Statement
11. In Institute of Business Administration, what does the PDCA cycle stand for? → Plan, Do, Check, Act
12. What is the relationship between theory and practice in Institute of Business Administration entrepreneurship? → Theory provides the foundation and framework that guides effective practical application
13. The debt-to-equity ratio is used to evaluate a company's: → Financial leverage and capital structure
14. What is a best practice in Institute of Business Administration human resources? → A method or technique recognized as superior based on evidence and expert consensus
15. What is a best practice in Institute of Business Administration international business? → A method or technique recognized as superior based on evidence and expert consensus
16. Which approach is most effective for mastering business analytics in Institute of Business Administration? → Combining theoretical study with practical application and regular review
17. The average of 21 numbers is 30. The largest number is 50. If we remove the largest number, then the average of the remaining numbers will be: → 29
18. Which approach is most effective for mastering marketing principles in Institute of Business Administration? → Combining theoretical study with practical application and regular review
19. In Institute of Business Administration, what does the PDCA cycle stand for? → Plan, Do, Check, Act
20. In Institute of Business Administration, what is the primary function of strategic planning in financial management? → To set long-term goals and determine the best approach to achieve them
21. The going concern assumption in accounting means: → A company will continue to operate indefinitely into the future
22. Which of the following is an example of a contra-asset account? → Accumulated depreciation
23. What is the relationship between theory and practice in Institute of Business Administration international business? → Theory provides the foundation and framework that guides effective practical application
24. A piece of wire 80 centimeters long is bent to form a rectangle whose length is three times its width. The area of the rectangle thus formed is: → 300 square centimeters
25. In Institute of Business Administration, what role does continuing education play in business strategy? → To keep professionals current with evolving standards, technologies, and best practices
26. Which management approach in Institute of Business Administration emphasizes continuous improvement through small, incremental changes? → Kaizen methodology
27. In Institute of Business Administration, what role does continuing education play in marketing principles? → To keep professionals current with evolving standards, technologies, and best practices
28. What is the relationship between theory and practice in Institute of Business Administration business analytics? → Theory provides the foundation and framework that guides effective practical application
29. What is a best practice in Institute of Business Administration business analytics? → A method or technique recognized as superior based on evidence and expert consensus
30. Which accounting equation correctly represents the relationship between assets, liabilities, and equity? → Assets = Liabilities + Equity