1171. First ranked product, in incremental revenue allocation method, is classified as

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primary product
First incremental product
Second incremental product
Third incremental product
✅ The correct answer is A.
First ranked product, in incremental revenue allocation method, is classified as primary product. Primary products are goods that are available from cultivating raw materials without a manufacturing process.

1170. Owning two securities instead of one will not reduce the risk taken by an investor if the two securities are______________.

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perfectly positively correlated with each other
perfectly independent of each other
perfectly negatively correlated with each other
of the same category, eg blue chips
✅ The correct answer is A.
Owning two securities instead of one will not reduce the risk taken by an investor if the two securities are perfectly positively correlated with each other. The term “security” is a fungible, negotiable financial instrument that holds some type of monetary value. It represents an ownership position in a publicly-traded corporation via stock a creditor relationship with a governmental body or a corporation represented by owning that entity’s bond or rights to ownership as represented by an option.

1168. What is an intranet that is restricted to an organization and certain outsiders, such as customers and suppliers?

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Client/server network
Intranet
Extranet
Thin client
✅ The correct answer is C.
Extranet is an intranet that is restricted to an organization and certain outsiders, such as customers and suppliers. An extranet is a private network that uses Internet technology and the public telecommunication system to securely share part of a business’s information or operations with suppliers, vendors, partners, customers, or other businesses.

1165. Relevant information about stock market price if it is given, then this price is called

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market price
intrinsic price
extrinsic price
unstable price
✅ The correct answer is B.
Relevant information about stock market price if it is given, then this price is called intrinsic price. Intrinsic value is the perceived or calculated value of an asset, an investment, or a company. The term finds use in fundamental analysis to estimate the value of a company and its cash flows. Another use of intrinsic value is in the amount of profit that exists in an options contract.

1163. Types of spoilage include

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normal spoilage
abnormal spoilage
weighted spoilage
both a and b
✅ The correct answer is D.
Types of spoilage include normal spoilage and abnormal spoilage.
Normal spoilage is the kind of spoilage that happens during the production process that business owners can say is normal and acceptable.
Abnormal spoilage, on the other hand, is spoilage that is beyond the normal point wherein the level is unexpectedly high. It may be due to defective machinery, sub-standard quality of materials, and even incompetent operators.

1180. Which of the following is not a material fact?

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Hazardous occupation
Previous policies of the proposer
Health
None of the above
✅ The correct answer is D.
Hazardous occupation, previous policies of the proposer and health are not a material fact. Material fact is a fact that is important, significant or essential to a reasonable person in deciding whether to engage or not to engage in a particular transaction, issue or matter at hand.