CAT Questions

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Foot ball game lasts for 60 minutes in total. It is divided into 4 quarters of 15 minutes each and two halves of 30 minutes each.

Keeping in mind the safety and convenience of passengers, both 'a' and 'b' follow. 'c' clearly suggests a remedy to the problem and hence it also follows.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

The plants which flower only once in their lifetime are called Monocarpic Plants.

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

When you can't hear it is called as Deaf.

One of the thing that progressive support would be: Direct election of senators.

The progressive wanted this so they could the candidate based on the person and not the party.
Direct election of senators will make it easier for them to elect the person that represent their value for the position.