A flexible budget requires careful study and classification of expenses into
Answer: Fixed, semi-variable and variable expenses
Responsibility accounting aims at collecting and reporting costing information
Return on Investment (RoI) is computed as
Answer: Net Profit Ratio × Capital Turnover Ratio
The type of lease requiring an agreement between the financier and lessor is known as
Monopolists prefer to sell the products in the markets with
In the hypothesis testing procedure a researcher may commit type II error in which of the following conditions ?
Answer: When the false null hypothesis is accepted.
Which one of the following tenets is not correct in the context of Central Limit Theorem ?
Answer: If the population is not normal from which the sample is drawn, the SDM is not normal for any sample size.
Which one of the following is not an example of tax evasion?
Answer: Interpreting the tax law in ones own way to minimise tax liability.
Which one of the following is not the purpose of performance-monitoring research ?
Answer: To help the organisation to plan various activities.
The transformation of raw data into a form that will make them easy to understand and interpret, rearranging and manipulating data to generate information is called
Answer: Descriptive analysis
Which of the following is not a method of segmenting a market ?
Answer: Customer segmentation
Consumer attitudes and beliefs about diet, health and nutrition are influenced by
Answer: Cultural environment
Which of the following is not a product-mix strategy ?
“Relationship” in marketing means
Answer: Relation between company and consumers
Franchising is a practice of :
Answer: Leasing for a prescribed period of time, the right to use firm’s successful business model and brand.