questions mefa

7/28/2019 Questions Mefa

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1. The relation between the variable cost and volume of production is________

2. The cost of the best alternative foregone is called_______ cost3. Telephone bill is an example of___________costs4. Addition to costs as a result of change in the level of business activity is

called___________ costs

5. The expenses that do not have cash outflow are called_______6. The salary of a manager is an example of_________7. Timing of cash flows are determined in ________ cost8. When the average cost is falling _________ is less than average cost9. A long run is also expressed as a series of _______10.When the average cost is rising marginal cost is _______ than the average

cost.

11.The quantities of output through out a given _________ are equal12.The product indifference curve is also called _________13.L-shaped isocost denotes________ coefficients of productions14.Isocosts closer to the origin .for given input costs are associated with

_______ cost

15.The point of tangency represent _____________ of input,16.

The find the least cost combination of inputs ______ isoquants onisocosts

17.Expansion path is also called ________18.Cobb-douglas production function is of the form _________


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19.Cobb-douglas production function revealed ________ increases at aincreasing rate

20.Return to scale are also called ___________21.Accounting helps to _________22.Creditors are financial institutions use the accounting information to

analyse ________

23.The financial statements comprise _____________24.The trading and profit & loss a/c is also called as ________25.Management accounting starts where _____________26.The expenses yet to paid are called ____________27.Goods or money used for a personal use is an example of ________28._____________ assumes that every business firm continues forever and it

has a perpetual life

29.Purchase of stock for cash ___________30.A sale of goods to kamal is to be credited to ___________31.The liability extending to the personal property of the trader is called

______________

32.Rate of taxation is ______in case of a sole trader form of registration33.The partners collectively are called _______34.

The share of a _______ company can be transferred

35.A ______ company is prohibited from issues of prospectus36.The character of a company is called _____________37.A joint stock company is registered under _____________


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38.A co-operative society is registered under ______________39.One of the objectives of five year plan is ______________40.One of the needs for a public enterprises is _______________

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