Cost Accounting

Business ethics are needed to create a faith about the quality, quantity, price etc. of products. The customers have more trust and faith in the businessmen who follow ethical rules. They feel that such businessmen would not cheat them. Which one of the following is appropriate for it?

by
Question:

Business ethics are needed to create a faith about the quality, quantity, price etc. of products. The customers have more trust and faith in the businessmen who follow ethical rules. They feel that such businessmen would not cheat them. Which one of the following is appropriate for it?

A.

Safeguarding consumers right

B.

Improve customers confidence

C.

Survival of business

D.

Consumer movement

Answer» b. Improve customers confidence

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

The branch of the accounting dealing with the classification, recording, allocation,summarizing and reporting of current and prospective costs, is known as

by
Question:

The branch of the accounting dealing with the classification, recording, allocation,summarizing and reporting of current and prospective costs, is known as

A.

Financial Accounting

B.

Management Accounting 26

C.

Cost Accounting

D.

Cost Accountancy

Answer» c. Cost Accounting

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

Cost reduction –

by
Question:

Cost reduction –

A.

Long term phenomena

B.

It challenges the standards.

C.

It is carried out without compromising the quality.

D.

All of the above

Answer» d. All of the above

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

Use of any process or procedure designed to transform a set of input elements into aset of output elements is known as:

by
Question:

Use of any process or procedure designed to transform a set of input elements into aset of output elements is known as:

A.

Transformation process

B.

Transformation of input to output

C.

Production

D.

Technology change

Answer» c. Production

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

Total profit of a firm in a perfect competitive market is –

by
Question:

Total profit of a firm in a perfect competitive market is –

A.

Total revenue less total cost

B.

Marginal revenue less marginal cost

C.

Total revenue less marginal cost

D.

Total revenue less variable cost

Answer» a. Total revenue less total cost

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