Cost Accounting

For a marketing manager, the sales forecast is:

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Question:

For a marketing manager, the sales forecast is:

A.

Estimate of the amount of unit sales or a specified future period

B.

Arranging the sales men to different segments of the market

C.

To distribute the goods through transport to satisfy the market demand

D.

To plan the sales methods.

Answer» a. Estimate of the amount of unit sales or a specified future period

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

An anticipatory repudiation has the effect of:

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Question:

An anticipatory repudiation has the effect of:

A.

An automatic putting an end to the contract

B.

Putting an end to the contract only on acceptance of the repudiation by the other party

C.

Putting an end to the contract only on failure to perform when performance is due.

D.

No putting an end to the contract.

Answer» b. Putting an end to the contract only on acceptance of the repudiation by the other party

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

Identify which one of the following statement is NOT correct?

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Question:

Identify which one of the following statement is NOT correct?

A.

Preventing maintenance includes lubrication, cleaning, periodic overhaul, etc.

B.

The two types of cost-cost of premature replacement and cost of breakdownneed to be balanced.

C.

Wear and obsolescence are the two main causes of replacement of machinery in every aspect of life.

D.

A machine is technically obsolete when another machine can do the same job more efficiently with reduced time and also at a lower cost.

Answer» a. Preventing maintenance includes lubrication, cleaning, periodic overhaul, etc.

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

A random variable X can take the values -1, 0 and 1 with respective probabilities 0.2,0.5 and 0.3. The expected value of X is:

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Question:

A random variable X can take the values -1, 0 and 1 with respective probabilities 0.2,0.5 and 0.3. The expected value of X is:

A.

0.3

B.

0.5

C.

0.2

D.

0.1

Answer» d. 0.1

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

The vital data of a country are given below: GNP at MP = `99,000, Net factor income abroad = (-) 560 Capital consumption allowance = `6,100, Net indirect tax = `8,470 From the above, estimate of GNP at factor cost =

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Question:

The vital data of a country are given below: GNP at MP = `99,000, Net factor income abroad = (-) 560 Capital consumption allowance = `6,100, Net indirect tax = `8,470 From the above, estimate of GNP at factor cost =

A.

`90,530

B.

`91,000

C.

`89,990

D.

`93,100

Answer» a. `90,530

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

Employee’s State Insurance Act, 1948 is applicable to all

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Question:

Employee’s State Insurance Act, 1948 is applicable to all

A.

factories including factories belonging to Government and seasonal factories.

B.

factories excluding seasonal factories.

C.

factories including factories belonging to Government and seasonal but excluding Silk factory.

D.

factories including factories belonging to Government but excluding seasonal factories.

Answer» d. factories including factories belonging to Government but excluding seasonal factories.

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