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Direct costs are also known as ____
NONE OF THESE
Marshallian utility analysis is known as ___ analysis
. Counter offer is a ____
rejection of original offer
same as original offer
not a offer at all
change in the original offer
The union forbids the employer to employ less than 2 experienced persons (x) to each fresh person (y). This situation can be expressed as
y ≥ x/2
y ≤ x/2
x ≤ y/
Which of the following will be account in fiduciary position
doctor and patient
parent and son
All of the above
Rohan & Sohan are partners in a firm sharing profits & losses in the ratio of 3 : 1. A partner Mohan is admitted and he brought Rs.40,000 asgoodwill.
New profit sharing ratio of all the\n\npartners isequal.
The amount\nof goodwill to\n\nbe shared by old partners is
Equally Rs.20,000 each
Rohan received Rs.50,000 & Sohan paid Rs.10,000
Rohan Rs.30,000 & Sohan Rs.10,000
A was an employee in a partnership firm with a salary of Rs.50,000 per month and he will get a share of 30% in profits if the profits of the firm\n\nexceed Rs.5lakhs.
Now ‘A’ is called _____
Partner of the firm
is not entitled to any salary
Not a partner of the firm
He cannot take share in profits
An urn contains 3white, 5 black and another urn contain 4 white, 2black.
One ball is drawn from each of the bag find the probability of getting both white balls
The sale __ is completed with reserved price
sale by description
sale by staple
sale by auction
sale by sample
Which of the following is not a qualitativemeasure of credit control
Rationing of credit
Publicity and notification
Regulation of consumer credit
Change in cash reserve ratio
At a price of Rs.25 per Kg a 0.75 b 1.00 c 1.50 d 1.75 1.00
Customs duties are levied on __________
NONE OF THESE
Both exports & imports
. Purchase from SN & Co. for Rs.750 but wrongly credited to RN & Co. The effect on trail balance is ____
Credit side of the trail balance short by 750
No effect on trail balance
Debit side of the trail balance more by 750
Debit side of the trail balance short by 750
Partnership at will means
No duration period is fixed
None of the above
Dissolved at the will of the debtors
Dissolved at the will of the creditors
As price falls by20% the quantity supplied also falls by 10%. Measure price\nelasticity of\n\nsupply
Goods worth Rs.5,000 were supplied to Mr. X at an invoice price of 20% above cost and allowed trade discount at 10% on invoiceprice.
The amount of sale will be Rs.____
Goods sent on sale or return basis at a cost of Rs.1lakh.
In that, 50% of goods were accepted and 30% of the goods werereturned.
The remaining stock was held with customer and the period not yetexpired.
Then closing stock will be _______
If the total utility of a commodity is 5 and marginal utility is 1, a person consumes 3units.
What is consumer’s surplus
When a partner of a firm is adjudicated as an insolvent, he ceases to be a partner as_______
On the date of dissolution
Decided by Indian partnership firm.
On the date of order of adjudication
On the date of information of insolvency
‘R’ supplies goldto ‘S’, a Jeweler shop owner, to make anornament.
‘S’ charged Rs.500.
The contract is
Agreement to Sell
Contract of labour
Only those agreement which are contracts
Contain a promise
Are not legally enforceable
Are legally enforceable
Are not valid
Doctrine of caveat emptor does not apply when
goods are purchased by sample
All of the above
good sare purchasedby description
One root of x2 – 3x k = 0 is 2 then k is
Sub-partner in the partnership is
two partners in the different time
a partner & the known person
a two partners in the same firm
NONE OF THESE
In Balance of payments, which of the following does not constitute the Balance of Current Account
Balance of Services
Balance of Private Direct Investment
Balance of Unilateral Transfers
Balance of trade
Small items like, pencils,pens, files,etc.
are written off within a year according to _ concept
Matching concept means
Assets = liabilities + capital
Anticipate no profit but recognize all losses
Transactions are recorded at accrual concept
A draws an accommodation bill on B for 3 months.
Proceeds are to be sharedequally.
A got the bill discounted at 12% per annum and remitted the proceeds of Rs. 48,500/- to
B. The amount of the bill is
A partnership firm can raise its capital
By issue of participating preference shares
None of the above.
By issue of cumulative preference shares
In a capitalist economy the allocation of resources is performed by