Cost Accounting

From the following information, find out purchases when raw material consumed is 26,500;Closing stock 4,500 and opening stock 3,000.

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Question:

From the following information, find out purchases when raw material consumed is 26,500;Closing stock 4,500 and opening stock 3,000.

A.

26,500

B.

25,000

C.

28,000

D.

34,000

Answer» c. 28,000

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

The study of ethics can be divided into four operational areas namely meta ethics,normative ethics, descriptive ethics and

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Question:

The study of ethics can be divided into four operational areas namely meta ethics,normative ethics, descriptive ethics and

A.

Positive ethics

B.

Physical ethics

C.

Applied ethics

D.

Natural ethics

Answer» c. Applied ethics

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

In a perfect competition, a firm earns super normal profit when the AR of the firm _____ theACT of the firm.

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Question:

In a perfect competition, a firm earns super normal profit when the AR of the firm _____ theACT of the firm.

A.

equals to

B.

exceeds

C.

is lower than

D.

neither exceeds nor is lower than

Answer» b. exceeds

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

A rational producer produces in that region where

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Question:

A rational producer produces in that region where

A.

marginal physical product of the fixed input becomes negative

B.

marginal physical product of the variable input becomes negative

C.

marginal physical product of the fixed input becomes increasing

D.

marginal physical product of the variable input becomes declining

Answer» d. marginal physical product of the variable input becomes declining

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

Issuing necessary orders, and taking necessary steps to ensure that the time targetsset in the schedules are effectively achieved is known as:

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Question:

Issuing necessary orders, and taking necessary steps to ensure that the time targetsset in the schedules are effectively achieved is known as:

A.

Routing

B.

Dispatching

C.

Scheduling

D.

Inspection.

Answer» b. Dispatching

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