Tag: organisation of commerce and management

Questions Related to organisation of commerce and management

While preparing a Bank Reconciliation Statement taking the balance as per Cash Book as the starting point unpresented cheque are:

  1. Added

  2. Subtracted

  3. Not required to be adjusted

  4. None of these


Correct Option: A

The amount withdrawn by the accountholder from his current account in excess of the balance standing in that account upto specified limit is known as 'Bank Overdraft'.

  1. True

  2. False


Correct Option: A

The debit balance of Rs. 112 as on the previous day was brought forward as a credit balance of Rs.121 in a Cash Book. When the balance as per Cash Book is the starting point __________ .

  1. Rs. 112 to be added

  2. Rs. 121 to be added

  3. Rs. 233 to be added

  4. Rs. 233 to be subtracted


Correct Option: C

Which of the following items is to be appear in the Bank Reconciliation Statement if the balance as per Amended Cash Book is taken as the starting point:

  1. Bank Charges and Interest charged by Bank

  2. Interest allowed and Direct Payments by Bank

  3. Direct Payment by our Debtors into the bank

  4. A wrong entry in the Pass Book


Correct Option: D

Fundamental characteristic(s) of relevant costs:
I. They are future costs
II. They differ between alternatives
III. They are Marginal costs
IV. They are fixed costs.

  1. I and II are correct

  2. III and IV are correct

  3. I and III are correct

  4. All are correct


Correct Option: A

Internal factors of product pricing includes.

  1. Demand and competition

  2. Cost and demand

  3. Market channels and demand

  4. Cost and objectives


Correct Option: D

Price of stock that companies observe in financial markets is called _____________.

  1. market price

  2. intrinsic price

  3. extrinsic price

  4. fundamental price


Correct Option: A

______ can is notified to be subject to a reserve price

  1. Sale by description

  2. Sale by auction

  3. Sale by sample

  4. Sale by estoppels


Correct Option: B

Marginal (minimum) cost occurs at the output where __________.

  1. the total product is at a maximum.

  2. the marginal prefect of the variable factors is at a maximum.

  3. the factors are combined In their best possible proportion.

  4. the average product of the variable factors is at a maximum.


Correct Option: B