Description : Profit-Volume ratio is also known as A. Contribution ratio B. Contribution/Sales ratio C. Marginal Income percentage D. All of the above
Last Answer : D. All of the above
Description : Understanding How 401k Contribution Limits Work?
Last Answer : Putting money into a qualified retirement plan makes a lot of sense when it comes to creating a comfortable financial situation for your retirement years. One of the most popular retirement plans ... contribute in this situation, but the plan administrator should be able to make the calculations.
Description : Under absorption costing, managerial decisions are based on A. Profit B. Contribution C. Profit volume ratio D. None of the above
Last Answer : A. Profit
Description : The scare factors is also known as A. Key factor B. Abnormal factor C. Linking factor D. None of the above
Last Answer : A. Key factor
Description : Which of the following statements are true? A. Contribution doesn’t include fixed cost whereas profit includes fixed cost. B. Contribution is not based on the concept of marginal cost. C. Contribution above breakeven point becomes profit. D. All of the above
Last Answer : C. Contribution above breakeven point becomes profit.
Description : Contribution is also known as A. Contribution margin B. Net Margin C. Both a and b D. None of the above
Last Answer : A. Contribution margin
Description : Contribution margin center is also known as A. Expense center B. Profit center C. Investment center D. All of the above
Last Answer : B. Profit center
Description : In context of net operating profit, which of the following statements are true? A. If all costs are variable, the amount of profit obtained in marginal costing and absorption costing will be same. B. If ... same in absorption costing and marginal costing. C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : Volume variance arises when A. There is rise in overhead rate per hour B. There is decline in overhead rate per hour C. There is decrease or increase in actual output compared to the budgeted output D. None of the above
Last Answer : C. There is decrease or increase in actual output compared to the budgeted output
Description : _______ is designed after assessment of the volume of output to be produced during budget period. A. Cost budget B. Sales budget C. Production budget D. None of the above
Last Answer : A. Cost budget
Description : Under High and Low Point method, the output at two different levels is compared with the amount of __________ incurred at these two points. A. Total fixed costs B. Total costs C. Total fixed costs D. None of the above
Last Answer : B. Total costs
Description : Direct material cost + direct labor cost + other variable costs is equal to… A. Contribution B. Total cost C. Marginal cost D. Sales
Last Answer : A sales forecast is only......
Description : Determine Contribution if Sales is Rs 1,50,000 and P/V ratio is 40%. A. Rs 60,000 B. Rs 70,000 C. Rs 30,000 D. None of the above
Last Answer : A. Rs 60,000
Description : Which of the following are characteristics of B.E.P? A. There is no loss and no profit to the firm. B. Total revenue is equal to total cost. C. Contribution is equal to fixed cost. D. All of the above.
Last Answer : D. All of the above.
Description : When contribution is positive but equal to fixed cost, A. There is loss equal to fixed costs B. There is loss more than fixed costs C. There will be loss less than fixed costs D. There will be neither profit not loss
Last Answer : D. There will be neither profit not loss
Description : When contribution is negative but less than fixed cost, A. There is loss equal to fixed costs B. There is loss more than fixed costs C. There will be loss less than fixed costs D. All of above are false
Last Answer : C. There will be loss less than fixed costs
Description : Which of the following statements related to Contribution Analysis are ture? A. If contribution is zero, there is loss equal to fixed costs B. If contribution is negative, loss is less than fixed costs ... contribution is positive and more than fixed cost there will be profit. D. All of the above
Last Answer : A. If contribution is zero, there is loss equal to fixed costs
Description : While computation of profit in marginal costing A. Total marginal cost is deducted from total sales revenues B. Total marginal cost is added to total sales revenues C. Fixed cost is added to contribution D. None of the above
Last Answer : A. Total marginal cost is deducted from total sales revenues
Description : What is the full form of 'BEP' ? -How To ?
Last Answer : The full form of 'BEP' is Break Even Point
Description : A set of reasons for engaging in a particular behavior, especially human behavior is known as: A. Values B. Vision C. Entrepreneurship D. Motivation
Last Answer : D. Motivation
Description : __________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Financial audit B. Social audit C. Ethical audit D. Corporate governance
Last Answer : B. Social audit
Description : A ___________________ is a way of measuring, understanding, reporting and ultimately improving an organization’s social and ethical performance. A. Social Audit B. Financial Audit C. Responsibility Audit D. Compulsory Audit
Last Answer : A. Social Audit
Description : Personal characteristics to be a successful entrepreneur include A. Understanding environment B. Creating management options C. Encourage open discussion D. All of the above
Description : Which of the following statements are true? A. P/V Ratio can never be used to measure break-even point B. Higher the P/V ratio less will be the profit and vice versa C. Concept of P/V ratio is also used to determine profit at a given volume of sales D. All of the above
Last Answer : C. Concept of P/V ratio is also used to determine profit at a given volume of sales
Description : The promotion technique for consumers according to which demonstrations and displays of products made at place of sale is called A. point of purchase promotion B. cents off deals C. sales premium D. advertising specialties
Last Answer : A. point of purchase promotion
Description : From the economic system's point of view, the role of marketing intermediaries is to transform: A. raw products into finished products. B. consumer needs into producer needs. C. ... product desires. D. assortments of products made by producers into the assortments wanted by consumers.
Last Answer : D. assortments of products made by producers into the assortments wanted by consumers.
Description : When companies market products on the basis of what the product's attributes will do for a given segment of consumers, they are using a powerful form of behavioral segmentation known as: A. ... segmentation. B. benefit segmentation. C. user status segmentation. D. usage rate segmentation.
Last Answer : B. benefit segmentation.
Description : 401k Maximum Contribution Limits?
Last Answer : Your 401k is a fantastic alternative to social security when planning your retirement. The IRS allows you to contribute a certain amount to your 401k each year before paying taxes. This contribution is ... any increases in the maximum limit, then you are sure to benefit from this retirement option.
Description : Which exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the ... pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates
Last Answer : C. Managed floating exchange rates
Description : hich exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over ... Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates
Description : The term standard cost refers to the: A. average unit cost of product produced in the previous period B. budgeted unit cost of product produced in a particular period C. average unit cost of product produced by other companies D. average unit cost of product produced in the current period
Last Answer : B. budgeted unit cost of product produced in a particular period
Description : The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. ... and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.
Last Answer : B. Seller knows the particular purpose of buyer.
Description : What is the purpose of each of the 'signal conditioners' (6000F085 / AH170 / F125) shown in the illustration? EL-0094 A. Convert the varying signal from its particular sensor and deliver a ... the 'setpoint module' in order to keep the pressure or temperature at its sensor at set limits.
Last Answer : Answer: A
Description : What are the three key components' of the WTO? A. A Senate, a Judiciary and a Directorate B. A Trade Commission, a Dispute Settlement Body and a Council of Ministers C. An Executive ... and an Enforcement apparatus D. A Board of Governors, the Assembly of Member States and a Steering Committee
Last Answer : C. An Executive apparatus, a Legislative apparatus and an Enforcement apparatus
Description : What are the key characteristics of transactional leaders? A. Guiding, mentoring and motivating B. Guiding, commanding and motivating C. Guiding, demonstrating and motivating D. Guiding, mentoring and demonstrating
Last Answer : b
Description : Which of these are key principles of the code of ethics? A. Objectivity B. Familiarity C. Professional behavior D. A and C
Last Answer : D. A and C
Description : Which one of the following is a key to build lasting relationships with consumers? A Price of the product B. Need recognition C. Customer satisfaction D. Quality of product
Last Answer : C. Customer satisfaction
Description : Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery
Last Answer : A. Symbolic Delivery
Description : The formula used for calculation of labour rate variance is A. Total standard labour cost of actual output - Total actual cost of actual output B. (Standard rate per hour - Actual rate per hour) ... time - Actual time) * Standard rate per hour D. Abnormal idle hours * Standard hourly rate
Last Answer : B. (Standard rate per hour - Actual rate per hour) * Actual Hours
Description : . If the actual rate of unemployment exceeds to natural rate of unemployment then: A. Actual output of the economy will fall below its potential B. Production will increase more than potential C. Consumption of goods decreases D. Both (a) and (c) above.
Last Answer : D. Both
Description : Consider the following statements and identify the right ones. i. Higher level of capital-output ratio indicates efficient use of capital. ii. It reflects the productivity of capital in the economy A. I only B. ii only C. both D. none
Last Answer : B. ii only
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis. A. Output, Input B. Output, Output C. Input, Output D. None of the above
Last Answer : C. Input, Output
Description : In profit center revenue represents a monetary measure of output emanating from a profit center in a given period irrespective whether A. The revenue is realized or not B. The output is sold or not C. Both a and b D. None of the above
Description : Match the columns (a) Activity Ratio -------------------- i) (Actual hours worked / Budgeted hours) * 100 (b) Capacity Ratio ------------------ ii) (Standard hours of actual production / Actual hours worked) * 100 ( ... , B-iii, C-i B. A-i, B-ii, C-iii C. A-iii, B-i, C-ii D. None of the above
Last Answer : C. A-iii, B-i, C-ii
Description : Fixed cost per unit increases when: A. Production volume decreases B. Production volume increases C. Variable cost per unit decreases D. None of the above
Last Answer : A. Production volume decreases
Description : Variable cost per unit: A. Remains fixed B. Fluctuates with the volume of production C. Varies in sympathy with ‘the volume of sales. D. None of the above
Last Answer : B. Fluctuates with the volume of production
Description : Which of the following is NOT considered to be an objective associated with the use of sales promotions? A. Change buyer attitudes B. Increase volume of individual purchases C. Prompt buyers into trial purchase D. Product improvement
Last Answer : A. Change buyer attitudes
Description : To maximize market share, a firm may use _____________ pricing, which is based on the theory that as sales volume increases, unit costs will decrease. A. Market-penetration B. Market-skimming C. Value pricing D. Demand pricing E. Price bands
Last Answer : A. Market-penetration