Administered prices are prices fixed by the government normally on the basis of ____________ 1. cost 2. margin of profit 3. cost plus a stipulated margin of profit 4. market forces 5. none of these

Administered prices are prices fixed by the
government normally on the basis of ____________
1. cost
2. margin of profit
3. cost plus a stipulated margin of profit
4. market forces
5. none of these
by

1 Answer

Answer :

cost plus a stipulated margin of profit
by

Related questions

A price fixed by a manufacturer which cannot be varied by a retailer is called ____________ 1. Ad valorem Price 2. Manufacturing price 3. Retailer's price 4. Market Price 5. Administered Price

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Last Answer : Administered Price

A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job? (a) Rs 489 (b) Rs 606 (c) Rs 996 (d) Rs 1300

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Last Answer : (b) Rs 606

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Last Answer : D. private-label brands can be sold at lower prices yet generate a higher profit margin because of their lower cost structure

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Last Answer : patronage motives

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Last Answer : Highly price elastic

A Black Market is a situation where in (1) Goods are loaded by the producers (2) Goods are sold secretly (3) Goods are sold at prices higher than what is fixed by the Government (4) Goods are made available

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What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

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A Black Market is a situation wherein (1) Goods are loaded by the producers (2) Goods are sold secretly (3) Goods are sold at prices higher than what is fixed by the Government (4) Goods are made available (sold) only after there is a rise in prices

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Last Answer : Goods are sold secretly

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Last Answer : A. A business taking a risk to make a profit.

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Which of the following is not a majoritarianism measure adopted by Sinhala community in Sri Lanka? a. To recognise Sinhala as the only official language. b. The governments followed preferential policies that favoured Sinhala applicants for university positions and government jobs. c. To give reservation of seats to Tamil community in the Central and State Legislature. d. A new constitution stipulated that the state shall protect and foster Buddhism.

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Last Answer : c. To give reservation of seats to Tamil community in the Central and State Legislature.

Most pricing objectives based on ---- are achieved by trial and error because not all the cost and revenue data are available when prices are set. A)market share B)cash flow C)return on investment D)survival E)profit

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Last Answer : C)return on investment

A Unit Price (UP) contract provides: 1. a reimbursement of allowable costs plus a fixed fee which is paid proportionately as the contract progresses 2. a reimbursement of allowable cost of services performed plus an agreed upon percentage of the estimated cost as profit 3. the supplier with a fixed price for delivered performance plus a predetermined fee for superior performance 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the final price is dependent on the quantities needed to carry out the work.

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Last Answer : 4. a fixed price where the supplier agrees to furnish goods and services at unit rates and the  final price is dependent on the quantities needed to carry out the work

Breakeven point represents the condition, when the company runs under no profit no loss condition. In break even analysis, total cost comprises of fixed cost (A) Only (B) Plus variable cost (C) Plus overhead cost (D) Plus selling expenses

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Last Answer : Option B

Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Description : Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Last Answer : (1) by adding a margin to the average cost Explanation: Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output ... is known as 'full-cost' pricing. The price is equal to 'full' cost, including an acceptable profit.

Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest

Description : Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest

Last Answer : (C) At breakeven point, NSR is more than the total production cost

How is Contribution Margin calculated? a. Material Cost – Labor Cost b. Price*(Material Cost-Labor Cost) c. Price – (Material cost + Labor cost) d. Price – Material Cost e. Profit –(Material Cost + Labor Cost)

Description : How is Contribution Margin calculated? a. Material Cost – Labor Cost b. Price*(Material Cost-Labor Cost) c. Price – (Material cost + Labor cost) d. Price – Material Cost e. Profit –(Material Cost + Labor Cost)

Last Answer : c. Price – (Material cost + Labor cost)

If profit of the company is Rs 20,000 , sales is 10 per unit and variable cost is Rs 4 per unit calculate Margin of safety. a) Rs 33,333.33 b) Rs 16,666.67 c) Rs 10,000 d) Rs 20,000

Description : If profit of the company is Rs 20,000 , sales is 10 per unit and variable cost is Rs 4 per unit calculate Margin of safety. a) Rs 33,333.33 b) Rs 16,666.67 c) Rs 10,000 d) Rs 20,000

Last Answer : a) Rs 33,333.33

Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production

Description : Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production 

Last Answer :  by adding a margin to the average cost

Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above

Description : Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above

Last Answer : B. Amortised to income on a systematic basis normally five years

The primary reason that many companies work to become the "low-cost producers" in theri industry is because : 1. the can generate more advertising 2. they can please top management 3. they can gain tax advantages 4. they can set lower prices that result in greater sales and profits 5. none of these

Description : The primary reason that many companies work to become the "low-cost producers" in theri industry is because : 1. the can generate more advertising 2. they can please top management 3. they can gain ... 4. they can set lower prices that result in greater sales and profits 5. none of these

Last Answer : they can set lower prices that result in greater sales and profits

IF the demand for products is unpredictable, suppliers must be able to respond quickly to inventory needs. In these cases, ____________ may be a minorconsideration when compared with service, dependability, and timeliness.1. Planning 2. Strategy 3. Objectives 4. Cost 5. Speed

Description : IF the demand for products is unpredictable, suppliers must be able to respond quickly to inventory needs. In these cases, ____________ may be a minor consideration when compared with service, dependability, and timeliness. 1. Planning 2. Strategy 3. Objectives 4. Cost 5. Speed

Last Answer : Cost

The main disadvantage of 'Radio' as an Advertisement medium is ____________ 1. No visual information 2. Narrow coverage 3. High cost 4. All of these 5. None of these

Description : The main disadvantage of 'Radio' as an Advertisement medium is ____________ 1. No visual information 2. Narrow coverage 3. High cost 4. All of these 5. None of these

Last Answer : No visual information

Going Concern' concept of business says which of the following 1. Business will continue trading over a long period of time 2. Anticipate no profit and provide for all possible losses 3. The period of allocation f the cost of an asset 4. 1 and 2 5. None of these

Description : Going Concern' concept of business says which of the following 1. Business will continue trading over a long period of time 2. Anticipate no profit and provide for all possible losses 3. The period of allocation f the cost of an asset 4. 1 and 2 5. None of these

Last Answer : Business will continue trading over a long period of time

Consider the following problems being faced by the Indian Coal Industry : 1. Poor quality of coal and bottlenecks in the coal movement 2. Low utilisation capacity of washeries 3. Growing dependence on the import of coking coal 4. Administered prices Which of the above are correct? [BPSC 2011] (a) II, III and IV (b) I, II, III and IV (c) I, III and IV (d) I, II and III

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Last Answer : Ans: (b)

The main feature of a capitalist economy is - (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Description : The main feature of a capitalist economy is - (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Last Answer : (4) Private ownership Explanation: Capitalism is an economic system that is based on private ownership of the means of production and the production of goods or services for profit. Other elements central to capitalism include capital accumulation and often competitive markets.

Even though a firm may have stated list prices and discount structures, the customer may pay an even lower price through what type of pricing? A)Open bidding B)Administered pricing C)Sealed bidding D)Negotiated pricing

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Last Answer : D)Negotiated pricing

The main feature of a capitalist economy is (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Description : The main feature of a capitalist economy is (1) Administered prices (2) Public ownership (3) Economic planning (4) Private ownership

Last Answer : Private ownership

Production cost which increase with the quantity of product made is called ? 1. Absorption Cost 2. High Production Cost 3. Non-fixed 4. Variable cost 5. None of these

Description : Production cost which increase with the quantity of product made is called ? 1. Absorption Cost 2. High Production Cost 3. Non-fixed cost 4. Variable cost 5. None of these

Last Answer : Variable cost

Which of the following pricing objectives sets prices to recover cash as quickly as possible? A)Market share B)Profit C)Cash flow D)Return on investment E)Product quality

Description : Which of the following pricing objectives sets prices to recover cash as quickly as possible? A)Market share B)Profit C)Cash flow D)Return on investment E)Product quality

Last Answer : C)Cash flow

Question for those of you who are artsy - what's your profit margin?

Description : Question for those of you who are artsy - what's your profit margin?

Last Answer : The artist would be lucky to break even if they sold a few items.

What is considered to be a good profit margin?

Description : What is considered to be a good profit margin?

Last Answer : answer:You have to factor in whatever component part goes into the actual production. Labor, materials, time, electricity, packaging, employee salary, rent, insurance. You have to be more specific, is it just you, or is this a company?

How much profit margin does a mobile carrier make from an average customer?

Description : How much profit margin does a mobile carrier make from an average customer?

Last Answer : it’s slim’ these guys are fighting each other for market share and they will shave a deal down real skinny in order to get the two year commitment. SRM

If I resell dedicated servers, what kind of profit margin can I expect?

Description : If I resell dedicated servers, what kind of profit margin can I expect?

Last Answer : You can expect as break even scenario. There is no profit in reselling a dedicated server.

With regard to the rate of return on investment (ROI), which one of the following statements is not valid ? (A) It is an overall indicator of the profitability of an enterprise (B) It is a triangular relationship in the sense that ROI = Profit margin ×Asset turnover (C) It is a superior measure compared to the cash flow generated per share (D) It was first developed by Dupont, USA

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Last Answer : Answer: It is a superior measure compared to the cash flow generated per share