Which of the following steps of purchase decision process is in sequence?
1. Problem recognition
2. Search for alternatives
3. Evaluation of alternatives
4. Purchase action
5. Post purchase action
| A. | 1, 3, 2, 4, 5 |
| B. | 1, 2, 4, 3, 5 |
| C. | 2, 1, 3, 5, 4 |
| D. | 1, 2, 3, 4, 5 |
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Option: D Explanation : Click on Discuss to view users comments. |
In marginal costing, contribution is equal to
| A. | Sales - Fixed cost |
| B. | Sales - Variable cost |
| C. | Sales - Profit |
| D. | Sales - Variable Cost + Fixed cost |
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Option: B Explanation : Click on Discuss to view users comments. |
Given below are two statements:
I. Activity ratios show where the company is going.
II. Balance Sheet ratios show how the company stand.
| A. | I is correct, but II is wrong. |
| B. | Both I and II are correct. |
| C. | I is wrong, but II is correct. |
| D. | Both I and II are wrong. |
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Option: B Explanation : Click on Discuss to view users comments. |
In perfect competition, the demand curve of a firm is
| A. | Vertical |
| B. | Horizontal |
| C. | Positively sloped |
| D. | Negatively sloped |
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Option: B Explanation : Click on Discuss to view users comments. |
The main objective of Accounting Standards is
| A. | To prepare the accounting reports which is easily understood by common man. |
| B. | To comply with the legal formalities. |
| C. | To harmonise the diversified accounting practices. |
| D. | To comply with the requirements of the International Accounting Standards (IAS). |
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Option: C Explanation : Click on Discuss to view users comments. |
