art mcqs

Tendency of measuring correlation of two variables is classified as

by
tendency coefficient
variable coefficient
correlation coefficient
double coefficient
✅ The correct answer is C.
Tendency of measuring correlation of two variables is classified as correlation coefficient. The correlation coefficient is a statistical measure that calculates the strength of the relationship between the relative movements of two variables.

Partners who are only liable for their own part of investment are considered as

by
venture partners
corporate partners
limited partners
general partners
✅ The correct answer is C.
Partners who are only liable for their own part of investment are considered as corporate partners. Corporate Partnership is an exclusive academic-corporate partnership based on Corporate Partners contributing to the Alliance and its MIM programme and benefitting from privileged access to a global pool of top talent from the world’s leading business schools.

A competitive firm maximizes profit at the output level where

by
Price equals marginal cost
The slope of the firm’s profit function is equal to zero
Marginal revenue equals marginal cost
All of the above
✅ The correct answer is D.
A competitive firm maximizes profit at the output level where Price equals marginal cost, The slope of the firm’s profit function is equal to zero and Marginal revenue equals marginal cost.

A markets which deals with long-term corporate stocks are classified as

by
liquid markets
short-term markets
capital markets
money markets
✅ The correct answer is C.
A markets which deals with long-term corporate stocks are classified as capital markets. Capital markets refer to the places where savings and investments are moved between suppliers of capital and those who are in need of capital.

Corporate associations who have common bonds being employees of same firm are classified as

by
credit unions
debit unions
preferred unions
solving unions
✅ The correct answer is A.
Corporate associations who have common bonds being employees of same firm are classified as credit unions. A credit union is a type of financial cooperative that provides traditional banking services.

In income statement of merchandising costs, period cost includes all costs which are not related to

by
cost of resale goods
cost of manufacturing goods
timed resale of goods
cost of purchased goods
✅ The correct answer is D.
In income statement of merchandising costs, period cost includes all costs which are not related to cost of purchased goods. The cost of goods purchased is the net cost of merchandise acquired.

Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

by
stock-out costs
ordering costs
carrying costs
purchasing costs
✅ The correct answer is B.
Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as ordering costs. Ordering costs are the expenses incurred to create and process an order to a supplier.