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3155. In income statement of merchandising costs, period cost includes all costs which are not related to

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cost of resale goods
cost of manufacturing goods
timed resale of goods
cost of purchased goods
✅ The correct answer is D.
In income statement of merchandising costs, period cost includes all costs which are not related to cost of purchased goods. The cost of goods purchased is the net cost of merchandise acquired.

302. The basic consideration(s) in distinction between capital and revenue expenditure is/are

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Nature of business
Effect on revenue generating capacity of the business
Purpose of expenses
All of the above
✅ The correct answer is D.
The basic considerations in distinction between capital and revenue expenditure are Nature of business, Effect on revenue generating capacity of the business and Purpose of expenses.

3161. _________ relate to one’s ability to interact effectively with other workers and customers, both at work and outside.

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Hard skills
Soft skills
Negotiating skills
Questioning skills
✅ The correct answer is B.
Soft skills relate to one’s ability to interact effectively with other workers and customers, both at work and outside. A soft skill is a personal attribute that supports situational awareness and enhances an individual’s ability to get a job done. The term soft skills is often used as a synonym for people skills or emotional intelligence.

3146. A firm which outsources its works requires ___________.

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more employees
less employees
skilled employees
semi-skilled employees
✅ The correct answer is B.
A firm which outsources its works requires less employees. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff.

3133. The changes in healthcare costs over recent years has had what general impact on healthcare insurance?

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A fall in average premium levels
A reduction in underwriting requirements
A rise in the need for cover
A strengthening of the insurable interest rules
✅ The correct answer is C.
The changes in healthcare costs over recent years has had a rise in the need for cover on healthcare insurance.

3135. With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.

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Discounted future value
Discounted present value
Market value
Book value
✅ The correct answer is D.
With regards to valuation of assets by insurance companies, Book value is the value at which the life insurer has purchased or acquired its assets.