Business and Commerce

✅ The correct answer is D.
Memory unit performs the function of storing the data. This unit can store instructions, data, and intermediate results. This unit supplies information to other units of the computer when needed. It is also known as internal storage unit or the main memory or the primary storage or Random Access Memory (RAM).

✅ The correct answer is A.
Stock means a fraction of the capital of a company. A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares.

✅ The correct answer is B.
The transitional period in the life of an expanding firm is called ideal firm.

✅ The correct answer is D.
Chronological classification is based on date and time order. Chronological order is listing, describing, or discussing when events happened as they relate to time.

✅ The correct answer is A.
Equity shareholders are the real owners of the company. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. They are the foundation for the creation of a company.

✅ The correct answer is A.
Group Layout based on similarity of work. Group layout is a kind of layout where persons doing similar activities or machines doing similar operations are grouped together.

✅ The correct answer is A.
IRDA refers to Insurance Regulatory Development Authority. The Insurance Regulatory and Development Authority (IRDA) was constituted to regulate and develop the insurance industry and was incorporated in April 2000.

✅ The correct answer is C.
One-man-one-vote – is the principle adopted by Co-operative Societies. A cooperative society is formally used by people with limited means. The principle of one man one vote discourages members to invest large amounts in the society.

✅ The correct answer is A.
Product layout is not flexible. It is the disadvantage of product layout.

✅ The correct answer is A.
Planning is basis of control. Planning and controlling are closely related to each other. After a plan becomes operational, control is necessary to measure progress, to uncover deviations from the targets and to take corrective steps.