1119. Total utility of a commodity is measured by which price of that commodity?

by
Value in use
Value in exchange
Both of above
None of above
✅ The correct answer is A.
Total utility of a commodity is measured by value in use price of that commodity. The utility theory of value was the belief that price and value were solely based on how much “use” an individual received from a commodity.

1118. Markets which deal with buying and selling of bonds, mortgages, notes and stocks are considered as

by
financial instruments
financial asset markets
physical asset markets
easy markets
✅ The correct answer is B.
Markets which deal with buying and selling of bonds, mortgages, notes and stocks are considered as financial asset markets. A financial asset’s worth may be based on an underlying tangible or real asset, but market supply and demand influence its value as well.

1117. An ability of an accounting system, to point out use of resources in every step of production process is called

by
back-flush trails
audit trails
trigger trails
lead manufacturing trails
✅ The correct answer is B.
An ability of an accounting system, to point out use of resources in every step of production process is called audit trails. An audit trail is a step-by-step record by which accounting or trade data can be traced to its source.

1116. Collection of money from investors and spending money in other investment activities is classified as

by
future funds
hedge funds
retirement funds
pension funds
✅ The correct answer is B.
Collection of money from investors and spending money in other investment activities is classified as hedge funds. A hedge fund is basically a fancy name for an investment partnership. It’s the marriage of a professional fund manager, who can often be known as the general partner, and the investors, sometimes known as the limited partners, who pool their money together into the fund.

1115. In financial markets, period of maturity less than one year of financial instruments is classified as

by
short-term
long-term
intermediate term
capital term
✅ The correct answer is A.
In financial markets, period of maturity less than one year of financial instruments is classified as short-term. Money market has become a component of the financial market for buying and selling of securities of short-term maturities, of one year or less, such as treasury bills and commercial papers.

1114. In costing of project, wages paid to workers for unproductive work at time of material shortage is termed as

by
indirect wages
health wages
idle time wages
shortage time wages
✅ The correct answer is C.
In costing of project, wages paid to workers for unproductive work at time of material shortage is termed as idle time wages. The labour cost of normal idle time may be treated as an item of factory expenses and recovered as an indirect charge in case of indirect workers.

1113. In an option pricing, a rises in risk free rate results in option’s value

by
slight time decreases
slight increases
slight decreases
slight time increases
✅ The correct answer is B.
In an option pricing, a rises in risk free rate results in option’s value slightly increases. Option pricing is the amount per share at which an option is traded. Although the option holder is not obligated to exercise the option, the seller must buy or sell the underlying instrument if the option is exercised.

1109. Balance sheet, in which all costs of product that must be considered as its assets, is said to be

by
factory overhead costs
manufacturing overhead costs
Inventoriable costs
finished costs
✅ The correct answer is C.
Balance sheet, in which all costs of product that must be considered as its assets, is said to be Inventoriable costs. Inventoriable costs, also known as product costs, refer to the direct costs associated with the manufacturing of products for revenue generation.