NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 709 - 713 of 1264

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Question number: 709

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2006

MCQ▾

Question

How are the following items arranged in the liability side of the Balance Sheet of a Company?

(i) Current Liability and Provisions

(ii) Secured Loans

(iii) Share Capital

(iv) Unsecured Loans

(v) Reserve and Surplus

Choices

Choice (4) Response

a.

(iii) (v) (ii) (iv) (i)

b.

(iii) (i) (ii) (iv) (v)

c.

(iii) (v) (ii) (i) (iv)

d.

(i) (ii) (iii) (iv) (v)

Question number: 710

» Business Environment » Concept

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Appeared in Year: 2007

MCQ▾

Question

Which of the following is not an element of internal environment?

Choices

Choice (4) Response

a.

Shareholders’ Value

b.

Customers

c.

Human Resources

d.

Mission/Objectives

Question number: 711

» Business Economics » Concept of Profit and Wealth Maximization » For SET

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Appeared in Year: 2006

MCQ▾

Question

For profit maximization of a firm we must have

(i) MC = MR

(ii) Marginal Cost Curve cuts the average cost curve from below

Choices

Choice (4) Response

a.

Only (ii) is true

b.

(i) and (ii) are true

c.

Only (i) is true

d.

(i) and (ii) are wrong

Question number: 712

» Business Management » Organizing » Structure

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Appeared in Year: 2006

MCQ▾

Question

Process of delegation of authority involves

Choices

Choice (4) Response

a.

Transfer of key management functions

b.

Transfer of authority and responsibility

c.

Transfer of responsibility

d.

Transfer of authority

Question number: 713

» Financial and Management Accounting » Basic Accounting Concept

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Appeared in Year: 2007

MCQ▾

Question

Which accounting principle differentiates between owners and management?

Choices

Choice (4) Response

a.

Separate Entity

b.

Dual Aspect

c.

Going Concern

d.

Conservatism

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