The difference between interest on loan charged and interest on deposits offered is known by the name:

An investment centre is a responsibility centre where the manager has control over
A. Costs
B. Costs and profits
C. Costs, profits, and product quality
D. Costs, profits, and assets (Correct)

According to the going concern concept, a business entity is assumed to have–
(A) A long life
(B) A small life
(C) A very short life
(D) A definite life
Answer: A long life

Total overheads incurred for running a canteen is re-apportioned among production Departments on what basis:

A. Floor area
B. Equitable
C. No. of employees (Correct)
D. Value of Plant

Capital rationing is applied in a situation where

A. It is difficult to bring in required amount of capital
B. Financial institutions are doubtful or not sure of the viability of the project
C. A large number of investment proposals compete for limited funds (Correct)
D. The dividend is converted into capital for completion of a new project

…………………. is the process of recreating a design by analyzing a final product.
A) Forward Engineering
B) Reverse Engineering (Correct)
C) Backward Engineering
D) None of the above