art mcqs

Method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as

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step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
✅ The correct answer is B.
Method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as stand-alone revenue allocation method. Revenue Allocation Method uses product-specific information on the products in the bundle as weights for allocating the bundled revenues to the individual products.

Which concept suggests that different applications and computer systems should be able to communicate with one another?

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Integration
Web services
Scalability
Interoperability
✅ The correct answer is D.
Interoperability concept suggests that different applications and computer systems should be able to communicate with one another. Interoperability is the ability of different information systems, devices or applications to connect, in a coordinated manner, within and across organizational boundaries to access, exchange and cooperatively use data amongst stakeholders, with the goal of optimizing the health of individuals and populations.

Cash flow which is available for all investors of company is classified as

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extrinsic stock
intrinsic stock
investing cash
free cash flow
✅ The correct answer is D.
Cash flow which is available for all investors of company is classified as free cash flow. Free cash flow represents the cash a company generates after cash outflows to support operations and maintain its capital assets.

Del-credere Commission is allowed to cover

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All types losses
Abnormal loss
Normal loss
None of the above
✅ The correct answer is D.
Del Credere Commission. It is a special commission given by the consignor to the consignee. When of commission is given, the consignee undertakes upon himself the risk of any .bad debts arising out of the credit So this Del Credere commission in the form of insurance premium against the risk of bed debts.

_________ method of underwriting is suitable while deciding a complex case, e.g. whether to give insurance to someone who has acute diabetes.

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Instrumental
Panelling
Non-medical
Judgmental
✅ The correct answer is D.
Judgmental method of underwriting is suitable while deciding a complex case, e.g. whether to give insurance to someone who has acute diabetes. Under this method, subjective judgment is used, often relying on the expert opinion of a medical professional known as the medical referee, especially when the deciding case is complex.

The market value of the firm is the result of __________.

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dividend decisions
working capital decisions
capital budgeting decisions
trade-off between cost and risk
✅ The correct answer is D.
The market value of the firm is the result of trade-off between cost and risk. Market value is the price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization of a publicly traded company, and is obtained by multiplying the number of its outstanding shares by the current share price.

What are the 2 methods of underwriting?

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Direct & indirect
Accept or decline
Judgement & Numerical
Openended & closeended methods
✅ The correct answer is C.
Judgement & Numerical are the 2 methods of underwriting.
Judgement Method: Under this methods, subjective judgement is used.
Numerical Method: Under this method underwriting assign positive rating points for all negative or adverse factors.

Financial security kept by non-financial corporations is

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deposit cheque
distribution cost
short term treasury bills
short term capital cost
✅ The correct answer is C.
Financial security kept by non-financial corporations is short term treasury bills. Treasury bills are issued when the government need money for a shorter period while bonds are issued when it need debt for more than say five years.