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Cost Accounting

In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to

» Fundamentals of Economics and Management solved MCQs /
Question:

In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to

A.

Price discrimination

B.

Cost effectiveness

C.

Banned entry of new firms

D.

Sales promotion

Answer» c. Banned entry of new firms

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

In a pure monopoly firm a firm can make abnormal profit at the long run equilibrium level due to Read More »

» Fundamentals of Economics and Management solved MCQs

Shelter rooms with suitable lunch rooms are to be provided, if more than ______ workers are employed.

» Laws and Ethics solved MCQs /
Question:

Shelter rooms with suitable lunch rooms are to be provided, if more than ______ workers are employed.

A.

100

B.

150

C.

500

D.

1000

Answer» b. 150

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

Shelter rooms with suitable lunch rooms are to be provided, if more than ______ workers are employed. Read More »

» Laws and Ethics solved MCQs

Holder in due course means any person-

» Laws and Ethics solved MCQs /
Question:

Holder in due course means any person-

A.

Drawing the instrument

B.

Who for consideration became the possession of a promissory note

C.

Named in the instrument to whom or to whom order the money is directed to be paid

D.

None of the above.

Answer» b. Who for consideration became the possession of a promissory note

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

Holder in due course means any person- Read More »

» Laws and Ethics solved MCQs

“If you contract to sell peas, you cannot oblige a party to have beans” – Thisstatement applies to:

» Laws and Ethics solved MCQs /
Question:

“If you contract to sell peas, you cannot oblige a party to have beans” – Thisstatement applies to:

A.

an implied condition as to be description of goods

B.

the implied condition as to fitness of goods for a particular purpose

C.

implied condition as to sample

D.

implied condition as to title

Answer» a. an implied condition as to be description of goods

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

“If you contract to sell peas, you cannot oblige a party to have beans” – Thisstatement applies to: Read More »

» Laws and Ethics solved MCQs

Which of the following function does money serve when used to purchase or sell different goods andservices?

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of the following function does money serve when used to purchase or sell different goods andservices?

A.

Store of value

B.

Medium of exchange

C.

Standard of value

D.

Display of power

Answer» b. Medium of exchange

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

Which of the following function does money serve when used to purchase or sell different goods andservices? Read More »

» Fundamentals of Economics and Management solved MCQs

The money supply affects the rate of interest; when the money supply increases, rate ofinterest will be decreased. It is explained by _____________

» Fundamentals of Economics solved MCQs /
Question:

The money supply affects the rate of interest; when the money supply increases, rate ofinterest will be decreased. It is explained by _____________

A.

Keynes

B.

Walker

C.

Robbins

D.

Crowther

Answer» a. Keynes

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

The money supply affects the rate of interest; when the money supply increases, rate ofinterest will be decreased. It is explained by _____________ Read More »

» Fundamentals of Economics solved MCQs

Line of Best fit is another name given to:

» Operations Management and Strategic Management solved MCQs /
Question:

Line of Best fit is another name given to:

A.

Method of Least Squares

B.

Moving average method

C.

Semi average method

D.

Trend line method

Answer» a. Method of Least Squares

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

Line of Best fit is another name given to: Read More »

» Operations Management and Strategic Management solved MCQs