Commerce My Pride Quiz Contest

10 Questions | Total Attempts: 321

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Commerce My Pride Quiz Contest

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Questions and Answers
  • 1. 
     If Coke were to cut prices, what would be the most likely impact on Pepsi
    • A. 

      Sales would remain unchanged

    • B. 

      Sales would increase

    • C. 

      Sales would decrease

  • 2. 
     Inflation is _____
    • A. 

      Is an upward movement in the general level of prices

    • B. 

      Is an downward movement in the general level of prices

    • C. 

      Is a boundary between upward and downward movement in the general level of prices

  • 3. 
    The balance sheet typically provides information on
    • A. 

      A particular date

    • B. 

      For a particular period

    • C. 

      Depends on company

  • 4. 
    The satisfaction derived from consumption of goods and services is called ________ in economics
    • A. 

      Demand

    • B. 

      Utility

    • C. 

      Wants

  • 5. 
    Who is the current finance minister of India?
    • A. 

      Arun Jaitley

    • B. 

      Rajnath Singh

    • C. 

      Nitin Gadkari

  • 6. 
     If there is an increment in a firm’s Marketing & administration expenses. Which of the following would be the impact on gross profit?
    • A. 

      It will increase.

    • B. 

      It will decrease.

    • C. 

      It will remain same.

  • 7. 
    A performance improvement approach which focuses on continuous improvement at every level of firm is
    • A. 

      Business Process Reengineering

    • B. 

      Benchmarking

    • C. 

      Kaizen

  • 8. 
    Which of the following will not be classified as a liability?
    • A. 

      Bank loans

    • B. 

      Accounts payable

    • C. 

      Retained earnings

  • 9. 
     __________ is excess value paid over the fair value of a business acquired
    • A. 

      Goodwill

    • B. 

      Amortization

    • C. 

      Fair Value

  • 10. 
    Which of the following is going to be most valuable to you?
    • A. 

      $100 in hand today

    • B. 

      $100 received after 5 years

    • C. 

      $50 in hand today and $50 received after 5 years