June 2012 - Paper 2

6:  

Conversion cost is the sum of

A.

Indirect wages and factory overhead

B.

Direct wages, direct expenses and factory overhead

C.

Direct material cost and indirect wages

D.

Prime cost and selling & distribution overhead

 
 

Option: B

Explanation :

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7:  

Karl Pearson's co-efficient of correlation between two variables is

A.

the product of their standard deviations

B.

the square root of the product of then-regression co-efficients

C.

the co-variance between the variables

D.

None of the above

 
 

Option: B

Explanation :

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8:  

Match the following with most suitable option :

(a) Modigiliani-Miller Approach                    (i) Commercial papers

(b) Net Operating Income Approach            (ii) Working Capital Management

(c) Short term Money Market Instrument     (iii) Capital Structure

(d) Factoring                                                 (iv) Arbitrage

A.

Codes:

(a) (b) (c) (d)

(iv) (iii) (i) (ii)

B.

Codes:

(a) (b) (c) (d)

(iii) (iv) (i) (ii)

C.

Codes:

(a) (b) (c) (d)

(iii) (ii) (i) (iv)

D.

Codes:

(a) (b) (c) (d)

(iii) (ii) (iv)(i)

 
 

Option: B

Explanation :

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9:  

Which of the following is not a restricted random sampling technique?

A.

Stratified sampling

B.

Simple random sampling

C.

Systematic sampling

D.

Multistage sampling

 
 

Option: B

Explanation :

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10:  

All the activities involved in selling goods or services directly to final consumers for personal non-business uses are done by

A.

Wholesalers

B.

Retailers

C.

Mediators

D.

Commission Agents

 
 

Option: B

Explanation :

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