Commerce online quiz 316

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Greater the size of a business unit..... will be the requirements of working capital.
A
larger
B
lower
C
no change
D
fixed
Question 2
Cost accounting is based on.figures.
A
Estimated
B
historical
C
actual
D
none of these.
Question 3
If elasticity of demand is very low, it shows that the commodity is
A
A necessity
B
A luxury
C
Has little importance in total budget
D
a' and 'c' above
Question 4
Weak relationship between cost and cost driver is indicated on a regression line, which is
A
curved
B
slightly sloped
C
completely sloped
D
dotted
Question 5
Which is the type of communication in small group?
A
Centralised flow with feedback
B
Chain flow with feedback
C
Circular flow with feedback
D
All of the above
Question 6
The budget relating to.must be prepared first and the other budgets should be prepared in the light of that factor.
A
Limiting factor
B
materials
C
labour
D
production
Question 7
Which among the following is a direct advantage of incentive compensation?
A
Mutual cooperation among the workers
B
Decrease in absenteeism
C
Increase in productivity
D
Better industrial relations
Question 8
The minimum and maximum number of members in a Private Company is-
A
2 and 50
B
2 and 20
C
2 and 10
D
None of the above
Question 9
Consider the following statements
  1. Money is a stock whereas spending is a flow
  2. Wealth is a stock while income is a flow.
  3. The government debt is a stock but interest payment is a flow.
  4. The lending by ba
A
Only (1) and (2)
B
(1), (2) and (3)
C
(1), (3) and (4)
D
All of these
Question 10
Gross fixed asset expenditures is Rs 6000 and free cash flow is Rs 8000 then operating cash flows will be
A
-Rs 14, 000.00
B
Rs 2, 000.00
C
Rs 14, 000.00
D
-Rs 2, 000.00
Question 11
One-man-one-vote-is the principle adopted by.....
A
Partnership
B
Joint Stock Companies
C
Co-operative Societies
D
Sole proprietorship
Question 12
Who are the persons who should declare the stock of goods on job work to claim exemption under section 141?
A
Only job worker
B
Only principal manufacturer
C
Both (a) and (b)
D
Either (a) and (b)
Question 13
What is the time limit for issue of order in case of fraud, misstatement or suppression?
A
30 months
B
18 months
C
5 years
D
3 years
Question 14
The ability to change the product to better fit the needs of the customer is called.....
A
customization
B
personalization
C
privacy
D
accessibility
Question 15
An investment outlay cash flow is Rs 4000, operating cash flow is Rs 1000 and salvage cash flow is Rs 5000 then free cash flow would be
A
Rs 10, 000.00
B
Rs 8, 000.00
C
Rs 0.00
D
none of above
Question 16
The process of grouping of costs according to some common characteristics.....
A
absorption
B
primary distribution
C
secondary distribution
D
classification
Question 17
In specification analysis, assumptions related to variance states that:
A
variance of residuals is constant
B
variance of goodness is constant
C
goodness of fit is constant
D
standard error is constant
Question 18
Whether definition of Inputs includes capital goods
A
No
B
Yes
C
Certain capital goods only
D
None of the above
Question 19
An invoice must be issued:
A
At the time of removal of goods;
B
On transfer of risks and rewards of the goods to the recipient;
C
On receipt of payment for the supply;
D
Earliest of the above dates.
Question 20
.forms part of cost of production.
A
Abnormal waste
B
normal waste
C
both a & b
D
none of these
There are 20 questions to complete.

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