Bank Clerk Questions

Salts and sugars work to preserve foods by creating a Hypertonic environment.

Joseph Priestley and Carl Wilhelm Scheele both independently discovered oxygen in the year 1774, but Priestly is usually given credit for the discovery.

A daisy-wheel printer works on the same principle as a ball-head typewriter. Daisy wheel printer is a type of impact printer invented in 1969.

The daisy wheel is a disk made of plastic or metal on which characters stand out in relief along the outer edge. To print a character, the printer rotates the disk until the desired letter is facing the paper.

The process of making RNA from DNA is called Transcription.

Cathode rays made of beams of electrons.

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

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.

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.