Cost Accounting

In the case of inferior goods, the consumer

by
Question:

In the case of inferior goods, the consumer

A.

purchases less with increase in income

B.

purchases less with decrease in price

C.

purchases more with increase in income

D.

purchases more with decrease in price

Answer» a. purchases less with increase in income

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

Opportunity cost is measured in terms of the

by
Question:

Opportunity cost is measured in terms of the

A.

optional cost that has been avoided

B.

negative cost that has been sacrificed

C.

accounting cost that has been paid

D.

next best alternative that has been foregone

Answer» d. next best alternative that has been foregone

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

The first case ‘doctrine of frustration’ as decided by the Supreme Court of India is

by
Question:

The first case ‘doctrine of frustration’ as decided by the Supreme Court of India is

A.

BasantiBastralaya Vs. River Steam Navigation Co. Ltd.

B.

Raju Dhruv Dev Chand Vs. Raja Harmohinder Singh

C.

Sushila Devi Vs. Hard Singh

D.

Satyabrata Ghosh Vs. Mugneeram

Answer» d. Satyabrata Ghosh Vs. Mugneeram

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