Cost Accounting

Under perfect market conditions a firm is said to be in equilibrium where

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Question:

Under perfect market conditions a firm is said to be in equilibrium where

A.

Total output is equal to total demand

B.

Profit is the maximum

C.

Where the total revenue is maximum

D.

Where total average cost is the minimum

Answer» b. Profit is the maximum

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

Which of these is an economic activity

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Question:

Which of these is an economic activity

A.

A father teaching his son at home instead of sending to any coaching centre

B.

A hair dresser doing hair cut designing on payment

C.

A housewife mending her family cloths on her own

D.

A singer giving a show on his son’s wedding anniversary

Answer» b. A hair dresser doing hair cut designing on payment

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

If the two regression coefficients are byx = – 0.4 and bxy = – 0.9 then the value ofcorrelation coefficient (r) is

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Question:

If the two regression coefficients are byx = – 0.4 and bxy = – 0.9 then the value ofcorrelation coefficient (r) is

A.

0.6

B.

0.65

C.

– 0.6

D.

– 0.65

Answer» c. – 0.6

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

Costs are classified into fixed costs, variable costs and semi-variable costs, it is known as

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Question:

Costs are classified into fixed costs, variable costs and semi-variable costs, it is known as

A.

Behavioural classification

B.

Classification according to controllability

C.

Functional classification

D.

Element wise classification

Answer» a. Behavioural classification

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