Management Notes

Reference Notes for Management

Marginal Costing Quiz – Multiple Choice Questions (MCQs) | Cost Accounting

Which of the following statements are true about marginal costing  

a) Marginal cost can be calculated by taking the total cost and dividing by the number of units.
b) Marginal cost is the incremental cost of one more unit.
c) Marginal cost will always be less than average cost.
d) Average cost is more useful than marginal cost.
e) Two of the answers stated above are correct

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In an approved public entertainment facility which of the following is allowed

In an approved public entertainment facility which of the following is allowed

In an approved public entertainment facility which of the following is allowed

A) A patron may enter or leave a licensed premise with an open alcoholic beverage as long as they remain in the facility.
B) Take an open alcoholic beverage to your car.
C) Provide alcohol to anyone no matter their age or level of intoxication.
D) Bring unopened alcoholic beverages into the facility as a spectator.

Correct Answer: A) A patron may enter or leave a licensed premise with an open alcoholic beverage as long as they remain in the facility.

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Ijara Questions With Answers – 15 Q & A | Islamic Banking and Finance

Ijara Questions With Answers

Ijara Questions With Answers

1. What is Ijara in Islamic finance?

Ijara is an Islamic financial concept that involves leasing or renting assets, typically real estate or equipment, in a Sharia-compliant manner. In an Ijara transaction, one party (the lessor) leases an asset to another party (the lessee) for an agreed-upon rental payment.

The lessee uses the asset while paying rent, and at the end of the lease term, they may have the option to purchase the asset at a pre-agreed price. Ijara adheres to Islamic principles, such as avoiding interest (Riba) and ensuring that the transaction is based on a real and tangible asset.

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A one-time increase in the price level is

A one-time increase in the price level is

A one-time increase in the price level is

    1. rarely reported by the news media as inflation, but is nevertheless considered to be inflation by economists
    2. regularly reported by the news media as inflation, but is not considered to be inflation by economist.
    3. regularly reported by the news media as inflation because it is considered to be inflation by economists
    4. None of the above

Correct Answer: regularly reported by the news media as inflation, but is not considered to be inflation by economist.

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