145. The supply of a commodity refers to

by
A) Actual production of the commodity
B) Total existing stock of the commodity
C) Stock available for sale
D) Amount of the commodity offered for sale at a particular price per unit of time
✅ ANSWER: D
The supply of a commodity refers to amount of the commodity offered for sale at a particular price per unit of time. Price of a commodity is determined by the demand for and supply of a commodity.

139. “The following information is available for the W hotel for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred Rs 3900 The room servicing cost per occupied room-night last period, to the nearest Rs, was:”

by
A) Rs 3.25
B) Rs 5.00
C) Rs 97.50
D) Rs 150.00
✅ ANSWER: B
Service occupied = 30 × 40 × 65/100 =780

The room servicing cost per occupied room-night last period, to the nearest Rs, was:
= 3900/780 = Rs. 5.00

136. Which of the following is a service department?

by
A) Refining department
B) Machining department
C) Receiving department
D) Finishing department
✅ ANSWER: C
Receiving department is a service department. A service department is a cost center that provides services to the rest of a company. The manager of a service department is responsible for keeping costs down, or meeting the costs stated in a budget.

133. Financial security which is tax exempted and issues by state governments to individuals is classified as

by
A) U.S treasury bonds
B) mortgages
C) municipal bonds
D) corporate bonds
✅ ANSWER: C
Financial security which is tax exempted and issues by state governments to individuals is classified as municipal bonds. Municipal bonds are loans investors make to local governments. They are issued by cities, states, counties, or other local governments. For that reason, the interest they pay on the bonds is tax-free.

123. According to capital asset pricing model assumptions, investors will borrow unlimited amount of capital at any given

by
A) identical and fixed returns
B) risk free rate of interest
C) fixed rate of interest
D) risk free expected return
✅ ANSWER: B
According to capital asset pricing model assumptions, investors will borrow unlimited amount of capital at any given risk free rate of interest. The risk-free interest rate is the rate of return of a hypothetical investment with no risk of financial loss, over a given period of time.