A. FIFO (first in first out)
B. LAFO (last in first out)
C. First come First serve
D. None of these
Related Mcqs:
- A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?
A. List of stock a company own
B. List of assets of a corporation
C. Total obligation of a firm
D. An evaluation or a survey, as of abilities or resources - There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
A. Currency exchange
B. Currency value
C. Currency value
D. Exchange rate - An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?
A. Checking
B. Audit
C. Stock-taking
D. Accounting - What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
A. Bonus
B. Up level
C. Goodwill
D. Upgradation - If your company were to make a product such as a suit of clothes and sold that product to a retailer your company would have sold to the __________ merket?
A. reseller
B. business
C. government
D. service - One-third of the forest area is productive, and the remaining two-third is maintained for ?
A. Timber
B. Environmental protection
C. Wild life
D. sanctuaries - Which one of the following four agricultural resources by way of crops cultivated by man does not belong to the group comprising the remaining three ?
A. Coffee
B. Fruits
C. Sugarcane
D. None of these - When investment is assumed to autonomous the slope of the AD schedule is determined by the ?
A. marginal propensity to invest
B. disposable incomes
C. marginal propensity to consume
D. average propensity to consume - Firms are assumed to ________ costs and to ________ profits?
A. incur, desire
B. pay, make
C. charge earns
D. minimize, maximize - In the kinked Demand Curve theory it is assumed that ?
A. An increase in price by the firm is not followed by others
B. An increase in price by the firm is followed by others
C. A decrease in price by the firm is followed by others
D. Firms collude to fix the price
