Cost Accounting

One of the principles of Scheduling is:

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Question:

One of the principles of Scheduling is:

A.

Principle of optimal product design

B.

Principle of selection of best material

C.

Principle of optimal operation sequence

D.

Principle of optimal cost.

Answer» c. Principle of optimal operation sequence

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Important factor in forecasting production is:

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Question:

Important factor in forecasting production is:

A.

Environmental changes

B.

Available capacity of machines

C.

Disposable income of the consumer

D.

Changes in the preference of the consumer.

Answer» b. Available capacity of machines

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor

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Question:

Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor

A.

undertakes to pay only `10,000 for a bill drawn for `15,000.

B.

declares the payment to be independent of any other event.

C.

writes, ‘Accepted, payable at ABC Bank’.

D.

writes, ‘Accepted, payable at Delhi’.

Answer» a. undertakes to pay only `10,000 for a bill drawn for `15,000.

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following reason is applicable for unethical business practices?

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Question:

Which of the following reason is applicable for unethical business practices?

A.

Workplace Surveillance

B.

Profit making by some of the big companies

C.

Success of the company

D.

Administrative corruption

Answer» d. Administrative corruption

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In the absence of Partnership agreement, the Partner has

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Question:

In the absence of Partnership agreement, the Partner has

A.

right to avail interest on advances paid to partnership firm.

B.

right to avail interest on advances paid to partnership firm provided there is profit.

C.

no right to avail interest on advances.

D.

right to avail interest on advances even after dissolution of the firm.

Answer» a. right to avail interest on advances paid to partnership firm.

Note: The above multiple-choice question is for all general and Competitive Exams in India.