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878. In economics, what a consumer is ready to pay minus what he actually pays, is termed as

Consumer’s equilibrium
Consumer’s surplus
Consumer’s expenditure
None of the above
✅ The correct answer is B.
In economics, what a consumer is ready to pay minus what he actually pays, is termed as Consumer’s surplus. Consumer surplus is defined as the difference between the consumers’ willingness to pay for a commodity and the actual price paid by them, or the equilibrium price.

880. In costumer relationship the first impression is created

By being confident
By being on time
By showing interest
By being on time , showing interest and being confident
✅ The correct answer is D.
In costumer relationship the first impression is created By being on time, showing interest and being confident.

882. Procedure of finding present values in time value of money is classified as

compounding
discounting
money value
stock value
✅ The correct answer is B.
Procedure of finding present values in time value of money is classified as discounting. Discounting is the process of determining the present value of a payment or a stream of payments that is to be received in the future. Given the time value of money, a dollar is worth more today than it would be worth tomorrow. Discounting is the primary factor used in pricing a stream of tomorrow’s cash flows.

884. What is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets?

Risk management
Risk assessment
Security
None of the above
✅ The correct answer is B.
Risk assessment is the process of evaluating IT assets, their importance to the organization, and their susceptibility to threats, to measure the risk exposure of these assets. A risk assessment is the combined effort of: identifying and analyzing potential events that may negatively impact individuals, assets, and/or the environment; and making judgments “on the tolerability of the risk on the basis of a risk analysis” while considering influencing factors.

886. In independent projects evaluation, results of internal rate of return and net present value lead to

cash flow decision
cost decision
same decisions
different decisions
✅ The correct answer is C.
In independent projects evaluation, results of internal rate of return and net present value lead to cost decision. An Independent Project Evaluation is the evaluation of an individual project designed to achieve specific objectives within specified resources, in an adopted time span and following an established plan of action, often within the framework of a broader programme.

79. All of the following are the methods of inventory costing except

FIFO
LIFO
AVCO or average cost
Stock take
✅ The correct answer is D.
Stock take is not the methods of inventory costing. Stock-taking or “inventory checking” or “wall-to-wall” is the physical verification of the quantities and condition of items held in an inventory or warehouse. This may be done to provide an audit of existing stock. It is also the source of stock discrepancy information.

890. Sunk costs are:

relevant for decision making
Not relevant for decision making
cost to be incurred in future
future costs
✅ The correct answer is B.
Sunk costs are not relevant for decision making. A sunk cost is a cost that cannot be recovered or changed and is independent of any future costs a business may incur. Since decision-making only affects the future course of business, sunk costs should be irrelevant in the decision-making process.
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