NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 286 - 287 of 1426

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Question number: 286

» Financial and Management Accounting » Standard Costing, Budgetary Control

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Appeared in Year: 2018

MCQ▾

Question

Which one of the following statements is true about estimated costs and standard costs? (September Paper II)

Choices

Choice (4)Response

a.

Standard costs are based on scientific analysis and engineering studies while estimated costs are based on historical basis.

b.

Standard cost emphasis is on “what cost will be” while estimated cost emphasis is on “what cost should be”.

c.

Standard costs are more frequently revised compared to estimated cost.

d.

Estimated costs are more stable than standard costs.

Question number: 287

» Business Environment » Economic Environment

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Appeared in Year: 2018

Match List-Ⅰ List-Ⅱ▾

Question

Match items of List - I with List - II relating to macro environment of business and indicate the code of correct matching: (September Paper II)

List-Ⅰ (Column I)List-Ⅱ (Column II)

(A)

Socio - cultural environment

(i)

Trade and transport policies

(B)

Economic environment

(ii)

Judiciary powers

(C)

Demographic environment

(iii)

Ethical issues

(D)

Political and government environment

(iv)

Economic stratification of population

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (i)
  • (iv)
  • (ii)

b.

  • (ii)
  • (iv)
  • (iii)
  • (i)

c.

  • (iii)
  • (iv)
  • (ii)
  • (i)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

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