10000 MCQ /questions on commerce questions answers
If demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then economic order quantity will be
Gross margin percentage in constant gross-margin percentage NRV method is based on
total labour costs
Which of the following oligopoly models is concerned with the maximization of joint profits?
Price leadership model
Industries are engaged in extracting and supplying products from earth, air and water.....
Malicious hackers who act with the intention of causing harm are.....
Product which requires large amount of resources, but incur low per unit cost is classified as
product under costing
product over costing
expected under cost
expected over cost
The dominant Web server software is.....
The supply of a commodity refers to
Actual production of the commodity
Total existing stock of the commodity
Stock available for sale
Amount of the commodity offered for sale at a particular price per unit of time
Cost Unit is defined as:
Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control
Centres having the responsibility of generating and maximising profits
Centres concerned with earning an adequate return on investment
As per Industrial Policy resolution 1956, reserved industries for public sector are
Which amount will be carried forward as CGST under GST law (Assuming applicability of GST from 1st July, 2017)?
Input tax credit as per the CENVAT Credit Register on 30th June, 2017
Input tax credit as per the books as on 30th June, 2017
Input tax credit as per the return furnished for the period ending 30th June, 2017
Input tax credit as per the last available return furnished under the earlier law
The receipt voucher must contain:
Details of goods or services;
Full value of supply;
None of the above
The spot exchange rate.....
is the rate today for exchanging one currency for another for immediate delivery
is the rate today for exchanging one currency for another at a specific future date
is the rate today for exchanging one currency for another at a specific location on a specific future date
is the rate today for exchanging one currency for another at a specific location for immediate delivery
Cash flows that should be considered for decision in hand are classified as
relevant cash flows
irrelevant cash flows
marginal cash flows
transaction cash flows
Number of actual working days in a period x 100 Number of working days in the budget period
Actual hours worked x 100 Budgeted hours
Standard hours for actual production x 100 Actual hours worked
Standard hours for actual production x 100 Budgeted standard hours
In option pricing, an increasing in option price due to
time of expiry increases
time of expiry decreases
exchange time increases
exchange time decreases
When the actual overhead is less than the absorbed overhead it is.....
The expenses that have fallen due for payment but not paid are
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
stand by production
A brief explanation recorded below every entry in General Journal is commonly known as
There are 20 questions to complete.