Commerce online quiz 332

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Costing technique, in which actual direct rates are multiplied to quantity of direct cost inputs is classified as
A
priced costing
B
actual costing
C
direct costing
D
indirect costing
Question 2
Management by exception is exercising control over.....
A
Costs
B
Favourable items
C
Unfavourable items
D
all of these
Question 3
Bond yield is 12% and bond risk premium is 4.5% then cost of common stock would be
A
37.50%
B
7.50%
C
15.50%
D
2.67%
Question 4
If static budget amount is $9000, flexible budget amount is $20000, then sales volume variance will be
A
$29, 000
B
$11, 000
C
$15, 000
D
$10, 000
Question 5
Who is father of Z theory
A
Mc. Gregor
B
Abraham Maslow
C
William Ouchi
D
F W Taylor
Question 6
Appointment of a person who is a Director, as a Secretary in the Company would require approval of the company by-
A
Special Resolution
B
Ordinary Resolution
C
Resolution by circulation
D
None of the above
Question 7
If units of normal spoilage are 150 and total good units manufactured are 1500, then normal spoilage rate would be
A
14.00%
B
15.00%
C
10.00%
D
12.00%
Question 8
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
A
Rs. 12
B
Rs. 14
C
Rs. 16
D
Rs. 18
Question 9
Foreign currency exposures can be avoided by
A
Entering into forward contracts.
B
Denominating the transaction in domestic currency.
C
Exposure netting
D
Maintaining foreign currency accounts.
Question 10
Chance of occurrence of any event is classified as
A
probability
B
risk
C
chance
D
event happening
Question 11
.....obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
A
ABC Analysis
B
JIT Inventory System
C
VED Analysis
D
Perpetual Inventory System
Question 12
Material or anything for which cost is to be measured is known as
A
measurement object
B
cost object
C
accounting object
D
budget object
Question 13
Which of the following are advantages normally associated with B2B e-commerce?
A
Shorter cycle times
B
Reduction in costs
C
Reaches wider audiences
D
all of the above
Question 14
Federal government tax revenues if it exceeds government spending then it is classified as
A
budget surplus
B
budget deficit
C
Federal Reserve
D
federal budget
Question 15
The technique of standard costing may not be applicable in case of
A
Large concerns
B
Small concerns
C
All concerns
D
Both b & c
Question 16
Dividends are paid.....
A
monthly
B
quarterly
C
semi-annually
D
yearly
Question 17
An auction that has multiple winners that all pay the same price is an example of.....
A
uniform pricing
B
discriminatory pricing
C
bid rigging
D
price matching
Question 18
Transaction between business and owner are recorded following..... concept
A
Periodicity
B
Business entity
C
Prudence
D
Going concern
Question 19
represents that quantity of material which is normally ordered when a particular material reaches reordering level.
A
maximum level
B
re-order level
C
minimum level
D
Re-order quantity
Question 20
Re-order level is calculated as:
A
Maximum consumption x Maximum re-order period
B
Minimum consumption x Minimum re-order period
C
1/2 of (Minimum + Maximum consumption)
D
Maximum level-Minimum level
There are 20 questions to complete.

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