Cost Accounting

The frequencies of three class intervals 54 – 58, 59 – 63, 64 – 68 of a distribution arerespectively 4, 8 and 12. The frequency density of the 2nd class is

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Question:

The frequencies of three class intervals 54 – 58, 59 – 63, 64 – 68 of a distribution arerespectively 4, 8 and 12. The frequency density of the 2nd class is

A.

1

B.

1.2

C.

1.6

D.

2

Answer» d. 2

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

Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under section 10 of the Sale of Goods Act, 1930, the buyer is

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Question:

Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under section 10 of the Sale of Goods Act, 1930, the buyer is

A.

liable to pay the reasonable price of the goods.

B.

liable to pay the minimum price of the goods.

C.

not liable to pay any price until fixed by the valuer.

D.

liable to pay the maximum retail price.

Answer» a. liable to pay the reasonable price of the goods.

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

To plan for future man power requirement:

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Question:

To plan for future man power requirement:

A.

Short term forecasting is used

B.

Long range forecasting is used

C.

Medium range forecasting is used

D.

There is no need to use forecasting, as future is uncertain.

Answer» b. Long range forecasting is used

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

Which one of the following standards is associated with the “Quality Assurance inProduction and Installation”?

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Question:

Which one of the following standards is associated with the “Quality Assurance inProduction and Installation”?

A.

ISO 9001

B.

ISO 9002

C.

ISO 9003

D.

ISO 9004

Answer» b. ISO 9002

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