Commerce My Pride Quiz Contest

10 Questions | By Sana | Updated: Mar 16, 2023 | Attempts: 863

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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 satisfaction derived from consumption of goods and services is called ________ in economics
- A.
  
  Demand
- B.
  
  Utility
- C.
  
  Wants
4.

Who is the current finance minister of India?
- A.
  
  Arun Jaitley
- B.
  
  Rajnath Singh
- C.
  
  Nitin Gadkari
5.

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.
6.

A performance improvement approach which focuses on continuous improvement at every level of firm is
- A.
  
  Business Process Reengineering
- B.
  
  Benchmarking
- C.
  
  Kaizen
7.

__________ is excess value paid over the fair value of a business acquired
- A.
  
  Goodwill
- B.
  
  Amortization
- C.
  
  Fair Value
8.

Which of the following will not be classified as a liability?
- A.
  
  Bank loans
- B.
  
  Accounts payable
- C.
  
  Retained earnings
9.

The balance sheet typically provides information on
- A.
  
  A particular date
- B.
  
  For a particular period
- C.
  
  Depends on company
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