art mcqs

Direct manufacturing labour costs is added into manufacturing overhead cost to calculate

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transaction costs
conversion costs
resale costs
merchandise costs
✅ The correct answer is B.
Direct manufacturing labour costs is added into manufacturing overhead cost to calculate conversion costs. Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs.

The practice of forging a return address on an e‐mail so that the recipient is fooled into revealing private information is termed?

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hacking
cracking
dumpster diving
spoofing
✅ The correct answer is D.
The practice of forging a return address on an e‐mail so that the recipient is fooled into revealing private information is termed as spoofing. A spoofing attack is a situation in which a person or program successfully masquerades as another by falsifying data, to gain an illegitimate advantage.

Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as

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chaining point
recording point
lead point
trigger point
✅ The correct answer is D.
Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as trigger point. Trigger points are established to align with a company’s Vital Factors, the specific, key indicators of a business’ health.

The changes in healthcare costs over recent years has had what general impact on healthcare insurance?

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A fall in average premium levels
A reduction in underwriting requirements
A rise in the need for cover
A strengthening of the insurable interest rules
✅ The correct answer is C.
The changes in healthcare costs over recent years has had a rise in the need for cover on healthcare insurance.

With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.

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Discounted future value
Discounted present value
Market value
Book value
✅ The correct answer is D.
With regards to valuation of assets by insurance companies, Book value is the value at which the life insurer has purchased or acquired its assets.

Deficiency in service giving rise to a customer dispute arises in the following situations.

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If the shopkeeper charges a price higher than MRP
Faulty products including expiry date crossed while selling
Allergy warning not stated clearly on the front of a drug bottle
All of the above
✅ The correct answer is D.
Deficiency in service giving rise to a customer dispute arises in the following situations If the shopkeeper charges a price higher than MRP, Faulty products including expiry date crossed while selling and Allergy warning not stated clearly on the front of a drug bottle.