941. Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as

by
annual budget
operating budget
specific budget
master budget
✅ The correct answer is D.
Budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as master budget. The master budget is the aggregation of all lower-level budgets produced by a company’s various functional areas, and also includes budgeted financial statements, a cash forecast, and a financing plan.

920. An investor who writes stock call options in his own portfolio is classified as

by
due option
covered option
undue option
uncovered option
✅ The correct answer is B.
An investor who writes stock call options in his own portfolio is classified as covered option. A covered call option occurs when the investor owns the underlying asset and writes a call so that the underlying is on hand to sell to the option holder if the option is exercised. A covered put option occurs when the investor writes a put and has enough cash to cover the strike if the put is exercised.

84. What does ‘aged debtors analysis’ signify?

by
shows how long debts have been outstanding
How old the customers are
How long does a business take to repay the bank loans
Minimum number of old debtors
✅ The correct answer is A.
Aged debtors analysis shows how long debts have been outstanding. An aged debtors report is a totalled list of all the invoices your customers haven’t yet paid you for, less any credit notes you’ve issued to your customers and not yet refunded them for.

936. The fixed proportion of working capital should be generally financed from the ____ capital sources.

by
fixed
variable
semi-variable
borrowed
✅ The correct answer is D.
The fixed proportion of working capital should be generally financed from the borrowed capital sources. Borrowed capital consists of money that is borrowed and used to make an investment. It differs from equity capital, which is owned by the company and shareholders. Borrowed capital is also referred to as “loan capital.”

934. Mixed economy means an economy where

by
Both agriculture and industry are equally promoted by the state
There is co-existence of public sector along with private sector
There is importance of small scale industries along with heavy industries
Economy is controlled by military as well as civilian rulers
✅ The correct answer is B.
Mixed economy means an economy where there is co-existence of public sector along with private sector. All modern economies are mixed where the means of production are shared between the private and public sectors. Also called dual economy.

932. An amount of spoilage that is not natural in a specific production process is categorized as

by
normal scrap
normal spoilage
abnormal spoilage
weighted spoilage
✅ The correct answer is C.
An amount of spoilage that is not natural in a specific production process is categorized as abnormal spoilage. Abnormal spoilage does not directly correspond to the number of units produced, and is considered an unexcepted surplus.

931. Method of inventory recording gives lower cost of goods sold in income statement is classified as

by
last in first out
last out receivable
First out receivable
First in first out
✅ The correct answer is D.
Method of inventory recording gives lower cost of goods sold in income statement is classified as First in first out. First in, first out (FIFO) is an asset-management and valuation method in which the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation.

930. Government spending, if it exceeds federal government tax revenues then it is classified as

by
Federal Reserve
federal budget
budget surplus
budget deficit
✅ The correct answer is D.
Government spending, if it exceeds federal government tax revenues then it is classified as budget deficit. A budget deficit is a financial loss for during a period where expenses exceed revenues. This concept is often used in business but more commonly used to refer to governmental spending in excess of revenues collected.

929. A type of beta which incorporates about company such as changes in capital structure is classified as

by
industry beta
market beta
subtracted beta
fundamental beta
✅ The correct answer is D.
A type of beta which incorporates about company such as changes in capital structure is classified as fundamental beta. A measure that helps determine the potential risk of a security using current and future predicted fundamental information of the company, including market-related and financial data.