art mcqs

A bill of exchange is called a ____ by one who is liable to pay it on the due date

by
A) Bill receivable
B) Noted bill of exchange
C) Bill payable
D) None of the above
✅ ANSWER: C
A bill of exchange is called a Bill payable by one who is liable to pay it on the due date. It is a written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received.

Static budget amount is subtracted from flexible budget amount to calculate the

by
A) sales budget variance
B) cost budget variance
C) resultant budget variance
D) static budget variance
✅ ANSWER: A
Static budget amount is subtracted from flexible budget amount to calculate the sales budget variance. A sales budget is management’s estimate of sales for a future financial period. A business uses sales budgets to set department goals, estimate earnings and forecast production requirements.

The expected return on an investment in stock is___________.

by
A) the expected dividend payments
B) the anticipated capital gains
C) the sum of expected dividends and capital gains
D) less than the realized return
✅ ANSWER: C
The expected return on an investment in stock is the sum of expected dividends and capital gains. The expected return on an investment is the expected value of the probability distribution of possible returns it can provide to investors.

Which of the following is not a dimension of privacy?

by
A) Need for personal space
B) Need to feel in control of our possessions
C) Need to feel in control of our personal information
D) All of the above are dimensions of privacy
✅ ANSWER: D
Need for personal space, Need to feel in control of our possessions and Need to feel in control of our personal information all are dimension of privacy.

Labour turnover is ______.

by
A) productivity of labour
B) efficiency of the labour
C) change in labour force
D) total cost of the labour
✅ ANSWER: C
Labour turnover is change in labour force. Labour turnover may be defined as the number of workers replaced during a given period relative to the average labour force during the period. It is the number of workers who left the job during a period relative to the average labour force during the period.