December 2010 - Paper 2

41:  

Accounting concepts are based on

A.

Certain assumptions

B.

Certain facts and figures

C.

Certain accounting records

D.

Government guidelines

 
 

Option: B

Explanation :

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42:  

Statement - A: Standard error of the mean is the standard deviation of the sampling distribution of mean.

Statement - B: Simple random sampling is non-probability sampling method. Which of the following combination is correct?

A.

Both A and B are true.

B.

Both A and Bare false.

C.

A is true and B is false.

D.

A is false and B is true.

 
 

Option: A

Explanation :

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43:  

Attitude means

A.

Impulses, desires and considerations of the buyer, which induces him to purchase a product.

B.

A sum total of the individuals' faith and feelings towards a product.

C.

The customer turning to his environment/world of information around him.

D.

Creating some relentness in the mind of an individual.

 
 

Option: A

Explanation :

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44:  

Assertions:

(i) High morale leads to high productivity.

(ii) High morale need not necessarily lead to high productivity.

A.

Both (i) and (ii) are correct.

B.

Both (i) and (ii) are incorrect.

C.

(i) is correct and (ii) is incorrect.

D.

(i) is incorrect and (ii) is correct.

 
 

Option: A

Explanation :

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45:  

A debit balance of payments occurs due to

(i) Low imports and high exports.

(ii) High imports and low exports.

A.

Both (i) and (ii) are correct.

B.

Both (i) and (ii) are incorrect.

C.

Only (i) is correct.

D.

Only (ii) is correct.

 
 

Option: C

Explanation :

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