What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?

Related Mcqs:

What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

A. Perfect competition B. Oligopoly C. Oligopsony D. Monopoly...

What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

A. Monetary unit B. Currency C. Foreign exchange D. Cash or check...

What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?

A. Depletion B. Inflation C. Depreciation D. Deflation...

Which is true about corporation ?

A. It is worse type of business organization. B. The minimum number of incorporators to start a corporation is three. C. Its life is dependent on the lives of the incorporators. D. The stock holders of the corporation are only liable to the extent of their investments....

All are classified under direct labor expenses EXCEPT one. Which one ?

A. Inspection cost B. Testing cost C. Assembly cost D. Supervision cost...