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Cost Accounting

Marginal cost is defined as

» Fundamentals of Economics solved MCQs /
Question:

Marginal cost is defined as

A.

the change in total cost due to one unit change in output.

B.

the change in total cost due to one unit change in input.

C.

the ratio of total cost to total output

D.

the ratio of total cost to total input

Answer» a. the change in total cost due to one unit change in output.

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

Marginal cost is defined as Read More »

» Fundamentals of Economics solved MCQs

Which of the following aims at finding the best and most efficient way of using theavailable resources—men, materials, money and machinery?

» Operations Management and Strategic Management solved MCQs /
Question:

Which of the following aims at finding the best and most efficient way of using theavailable resources—men, materials, money and machinery?

A.

Method Study

B.

Work Study

C.

Time Study

D.

Motion Study

Answer» b. Work Study

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

Which of the following aims at finding the best and most efficient way of using theavailable resources—men, materials, money and machinery? Read More »

» Operations Management and Strategic Management solved MCQs

The time by which an activity can be rescheduled without affecting the otheractivities – preceding or succeeding is called as

» Operations Management and Strategic Management solved MCQs /
Question:

The time by which an activity can be rescheduled without affecting the otheractivities – preceding or succeeding is called as

A.

Slack

B.

Independent Float

C.

Free Float

D.

Total Float

Answer» b. Independent Float

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

The time by which an activity can be rescheduled without affecting the otheractivities – preceding or succeeding is called as Read More »

» Operations Management and Strategic Management solved MCQs

Which one of the following is not a contract?

» Laws and Ethics solved MCQs /
Question:

Which one of the following is not a contract?

A.

A find B’s purse and gives it to him. B promises to give him `1,000/-

B.

A promises, for no consideration, to give `10,000/-

C.

A agrees to sell a horse worth of `1,000/- for `10/-

D.

A supports B’s infant son. B promises to pay A’s expenses in so doing.

Answer» b. A promises, for no consideration, to give `10,000/-

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

Which one of the following is not a contract? Read More »

» Laws and Ethics solved MCQs

National income is the ……………. Of all the goods and services produced by a country during a period of year

» Fundamentals of Economics and Management solved MCQs /
Question:

National income is the ……………. Of all the goods and services produced by a country during a period of year

A.

Physical quantity

B.

Money value

C.

`Value

D.

All the three

Answer» b. Money value

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

National income is the ……………. Of all the goods and services produced by a country during a period of year Read More »

» Fundamentals of Economics and Management solved MCQs