Cost Accounting

A monopoly firm makes more profit because

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Question:

A monopoly firm makes more profit because

A.

It has ability to choose among price and output combination

B.

It can discriminate price

C.

It leave the consumer with no consumer surplus

D.

it acts as a market leader

Answer» a. It has ability to choose among price and output combination

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

The recent trend in the Production/Operations management which suggests the use of minimal amount of resources to produce a high volume of high quality goods with some variety is referred to as:

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Question:

The recent trend in the Production/Operations management which suggests the use of minimal amount of resources to produce a high volume of high quality goods with some variety is referred to as:

A.

SCM

B.

TQuestion:

C.

Lean Production

D.

Just-In-Time

Answer» c. Lean Production

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

The lead-time is the time:

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Question:

The lead-time is the time:

A.

To place holders for materials

B.

Time of receiving materials

C.

Time between receipt of material and using materials,

D.

Time between placing the order and receiving the materials

Answer» d. Time between placing the order and receiving the materials

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