Author name: Administrator

2390. A type of business ownership in which two or more entities join together for profit purpose is classified as

partnership
joint business
joint profit
corporate business
✅ The correct answer is A.
A type of business ownership in which two or more entities join together for profit purpose is classified as partnership. A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. There are several types of partnership arrangements. In particular, in some partnerships, all partners share liabilities and profits equally, while in others, partners have limited liability.

2392. Reduced consumer demand for loans, homes and new automobiles is result of

less disposable income
high disposable income
federal disposable income
discount disposable income
✅ The correct answer is A.
Reduced consumer demand for loans, homes and new automobiles is result of less disposable income. Disposable income, also known as disposable personal income (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for.

2393. What is a set of conditions used to measure how well a product or system functions?

Flexibility
Performance
Capacity planning
Benchmark
✅ The correct answer is D.
Benchmark is a set of conditions used to measure how well a product or system functions. Benchmarking is the process through which a company measures its products, services, and practices against its toughest competitors, or those companies recognized as leaders in its industry.

2395. Factory overhead is also called as ________.

sundry overhead
extra overhead
works overhead
total overhead
✅ The correct answer is C.
Factory overhead is also called as works overhead. Factory overhead, also called manufacturing overhead or work overhead or American English factory burden, is the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a product. It generally applies to indirect labor and indirect cost.

2401. Excise tax is a part of

Fixed cost
Variable cost
Implicit cost
Is not a part of cost
✅ The correct answer is B.
Excise tax is a part of Variable cost. Excise duty is an indirect tax. That means the tax amount is included as part of the selling price. Excise duty, also known as excise tax, is ultimately passed on and paid by the consumer when he makes a purchase.

2371. Benefit under a Unit Linked policy is reckoned by

The value of the units
The number of units standing to the credit of the unit holder
Both A & B
None of the above
✅ The correct answer is C.
Benefit under a Unit Linked policy is reckoned by the value of the units and the number of units standing to the credit of the unit holder.
Scroll to Top