Author name: Administrator

847. Variable cost per unit ________.

varies when output varies
remains constant
increase when output increases
decreases when output decreases
✅ The correct answer is B.
Variable cost per unit remains constant. Variable costs are the costs that change in total each time an additional unit is produced or sold. With a variable cost, the per unit cost stays the same, but the more units produced or sold, the higher the total cost. Direct materials is a variable cost.

848. On foreclosure of a policy, which of the following is incorrect?

Nothing is payable to the policyholder
Excess amount (subsisting cash value after deducting loan/interest) is payable
Notice has to be given to the policyholder by the insurer
None of the above
✅ The correct answer is A.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan. On foreclosure of a policy, nothing is payable to the policyholder.

851. The standard of living of workers depends upon their

Nominal wages
Real wages
Average product
Government policy
✅ The correct answer is B.
The amount of goods and services which the labourer actually gets is called his real wages. The standard of living and the prosperity of a labourer depend not on his money wages but on his real wages.

852. The most common and easily understood type of Net marketplace is ______.

e-procurement marketplace
e-distributors
industry consortia
independent exchanges
✅ The correct answer is B.
The most common and easily understood type of Net marketplace is e-distributors. is a type of distribution that uses purely electronic media. It is often interpreted as the buying or selling of services or goods over a public network without the physical media; this is usually done by downloading from the Internet to the consumer’s electronic device.

75. Which of the following is not an item of revenue expenditure?

Interest on deposits accepted
Annual insurance premium on inventory
Customs duty paid in connection with the import of equipment
Repairs and maintenance on machinery
✅ The correct answer is C.
Customs duty paid in connection with the import of equipment is not an item of revenue expenditure. Customs duty paid on import of raw materials. It is capital expenditure.

855. New York Stock Exchange and Nada stock market are classified as types of

primary stock market
equity market
secondary stock market
public offering market
✅ The correct answer is C.
New York Stock Exchange and Nada stock market are classified as types of secondary stock market. The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued.

839. In the e-commerce security environment, which of the following constitutes the inner-most layer?

people
data
technology solutions
organizational policies and procedures
✅ The correct answer is B.
In the e-commerce security environment, data constitutes the inner-most layer. E-Commerce security refers to the principles which guide safe electronic transactions, allowing the buying and selling of goods and services through the Internet, but with protocols in place to provide safety for those involved.
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