Product costs include which of the following:
A. Selling expenses
B. General expenses
C. Manufacturing overhead
D. Administrative expenses
Period costs include which of the following:
A. Selling expense
B. Raw material
C. Direct labour
D. Manufacturing overhead
The market price of a firm’s stock represents the focal judgment of all market participants as to the value of the:
A. Particular market
B. Particular firm
C. Particular creditor
D. Particular debtor
A major facet of financial management involves providing the financing necessary to support:
A. Liabilities
B. Debts
C. Loans
D. Assets
The Board of Directors sets company-wide policy and advices the CEO and other senior executives, who manage the company’s:
A. Managerial activities
B. Year-to-Year activities
C. Day-to-Day activities
D. Financial activities
The system by which companies are managed and controlled is known as:
A. Management System
B. Strategic System
C. Corporate Governance
D. Internal System
All the constituencies with a stake in the fortunes of the company are termed as:
A. Stakeholders
B. Directors
C. Chief executives
D. Subordinates
Stakeholders include:
A. Stakeholders
B. Creditors and customs
C. Employees and suppliers
D. All of Them
An individual authorized by another person, called the principle, to act on the latter’s on behalf is known as an/a:
A. Agent
B. Servant
C. Subordinate
D. Assistant
Profit maximization is the maximizing a firm’s Earning:
A. Before Tax
B. After Tax
C. Both A and B
D. None of Them
