Question
……………… cost is a criterion cost which may be
used as a yardstick to measure the efficiency with which actual cost has been incurred.Solution
Standard cost is a criterion cost which may be used as a yardstick to measure the efficiency with which actual cost has been incurred. Standard Costs are the predetermined costs or the target costs that should be incurred under efficient operating conditions.
A statement is given followed by two courses of action I and II. Analyse the given situation and select the appropriate course of action.
Stateme...
Statement : Poor patient died because of suffering due to ill health as a leading trust-run hospital denied treatment to him because of lack of money.<...
Statement: As per data provided by the education department, as many as 8,604 posts of Hindi teachers in primary schools and 1,500 in high school...
Statement: Malnutrition isn’t just about acute starvation and often, healthy-looking people are malnourished too, because their diet does not includ...
Statement : The cricket fans turn anxious regarding tomorrow’s match after the MET department’s weather forecast that it may rain tomorrow....
Statement:Â While the workers laying cables underground in ABC locality, a main pipe supplying water to the houses burst and the locality was flooded....
Statement : Many farmers are unable to get fair prices for their produce due to a lack of direct market access.
Courses of Action :
Statement : According to the latest issue of the medical journal Lancet, Multidrug Resistant-Tuberculosis (MDR-TB), a version of the disease where pati...
Statement: A 16-year-old boy drowned in a lake when he went for a swim along with his friends.
Courses of actions:
I. Coaching for...
Statement : To enhance acoustic system and improve lighting, Australia’s world-renowned Opera House is to undergo its first major renovation since b...
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