Administrator, Author at GetMCQs

1130. Cause and effect relationship between activity and costs is result of

contractual agreement

knowledge of operations

measureable unit relationship

all of above

✅ The correct answer is D.
Cause and effect relationship between activity and costs is result of contractual agreement, knowledge of operations and measureable unit relationship.

1132. Set of rules made by corporation founders such as directors election procedure are classified as

stock laws

by laws

liability laws

corporate laws

✅ The correct answer is B.
Set of rules made by corporation founders such as directors election procedure are classified as by laws. Corporate bylaws (sometimes spelled “by-laws”) are the rules of a corporation, established by the board of directors during the process of starting a corporation. When a corporation is formed (a process called incorporation), one of the first tasks of the new corporation is to have corporate bylaws formed.

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

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.

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

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.

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

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.

1120. Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is

Uniform

Different

Less

Zero

✅ The correct answer is B.
Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is different.

1121. What is the most commonly offered interactive feature of newspaper Web sites?

video

comments on blogs

RSS feeds

podcasts

✅ The correct answer is C.
RSS feeds is the most commonly offered interactive feature of newspaper Web sites. RSS (Really Simple Syndication) and Atom are two specialized formats that create what’s commonly called a news feed, or just feed. A feed is an easy way for sites to share headlines and stories so that you can read them without having to visit two dozen different web pages everyday.

1122. In cash flow estimation, depreciation shelters company’s income from

expansion

salvages

taxation

discounts

✅ The correct answer is C.
In cash flow estimation, depreciation shelters company’s income from taxation. Cash flow indicates a cash outflow and cash inflows. It is necessary to estimate the cash flow in the process of analyzing investment proposal. While analyzing the cash flow, it is also necessary to estimate the cash outflow as well as cash inflow.

1124. ________ decision relates to the determination of total amount of assets to be held in the firm.

Financing

Investment

Dividend

Controlling

✅ The correct answer is B.
Investment decision begins with a determination of the total amount of assets needed to be held by the firm. In other words, investment decision relates to the selection of assets, on which a firm will invest funds.

1108. When an e-commerce operator is required to register under GST?

When he is required to collect tax at source u/s 52

When his aggregate turnover exceeds the threshold limit

When he is required to discharge tax on the taxable supply or services made by the supplier through him u/s 9(5)

It is mandatory to register irrespective of the threshold limit.

✅ The correct answer is D.

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