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Cost Accounting

Super normal profits occurs when

Question:

Super normal profits occurs when

A.

Average revenue is more than average cost

B.

Total revenue is maximum

C.

Total cost is minimum

D.

MC is equal to MR

Answer» a. Average revenue is more than average cost

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

Super normal profits occurs when Read More »

» Fundamentals of Economics and Management solved MCQs

Conducting occasional check-ups of the products manufactured or assembled toensure high quality of the production is known as:

Question:

Conducting occasional check-ups of the products manufactured or assembled toensure high quality of the production is known as:

A.

Planning

B.

Scheduling

C.

Inspection

D.

Routing

Answer» c. Inspection

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

Conducting occasional check-ups of the products manufactured or assembled toensure high quality of the production is known as: Read More »

» Operations Management and Strategic Management solved MCQs

The concept of ‘Consumer Surplus’ was introduced in Economics by

Question:

The concept of ‘Consumer Surplus’ was introduced in Economics by

A.

Prof. Robbins

B.

Prof. Samuelson

C.

Prof. Smith

D.

Prof. Marshall

Answer» d. Prof. Marshall

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

The concept of ‘Consumer Surplus’ was introduced in Economics by Read More »

» Fundamentals of Economics solved MCQs

The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed

Question:

The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed

A.

10 persons or more

B.

100 or more persons

C.

20 or more persons

D.

50 or more persons

Answer» c. 20 or more persons

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

The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed Read More »

» Laws and Ethics solved MCQs

Most important benefit to the consumer from efficient production system is:

Question:

Most important benefit to the consumer from efficient production system is:

A.

He can save money

B.

He will have product of his choice easily available

C.

He gets increased use value in the product

D.

He can get the product on credit.

Answer» c. He gets increased use value in the product

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

Most important benefit to the consumer from efficient production system is: Read More »

» Operations Management and Strategic Management solved MCQs