Cost Accounting

Under perfect market conditions an Industry is said to be in equilibrium where

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Question:

Under perfect market conditions an Industry is said to be in equilibrium where

A.

Total output is equal to total demand

B.

Profit is maximum

C.

Where the total revenue is maximum

D.

Where total average cost is the minimum

Answer» a. Total output is equal to total demand

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

The correlation coefficient between two variables x and y is

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Question:

The correlation coefficient between two variables x and y is

A.

sum of two regression coefficients.

B.

Arithmetic Mean of two regression coefficients.

C.

Harmonic Mean of two regression coefficients.

D.

Geometric Mean of two regression coefficients.

Answer» d. Geometric Mean of two regression coefficients.

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

Effective capacity can NOT be determined by which of the following factors?

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Question:

Effective capacity can NOT be determined by which of the following factors?

A.

Product design and product-mix

B.

Quantity and quality capabilities

C.

Facilities

D.

None of the above

Answer» d. None of the above

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

Anu threaten to kidnap Binu’s daughter if she does not sell her house worth ` 90 Lakhto her for ` 20 Lakh. This Contract is void due to —

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Question:

Anu threaten to kidnap Binu’s daughter if she does not sell her house worth ` 90 Lakhto her for ` 20 Lakh. This Contract is void due to —

A.

inadequacy of Consideration

B.

absence of Free Consent

C.

incompetence of Parties

D.

None of the above

Answer» b. absence of Free Consent

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