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Q:

For a good that is a luxury demand

A) has unit elasticity B) tends to be inelastic
C) tends to be elastic D) cannot be represented
 
Answer & Explanation Answer: C) tends to be elastic

Explanation:

For a good that is a luxury demand tends to be elastic.

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Filed Under: Business Awareness
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Q:

Net working capital is defined as

Answer

Net working capital is defined as the aggregate of the current liabilities and current assets i.e, it measures the company's ability to pay off its current liabilities with in the current assets.

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Subject: Business Awareness Exam Prep: AIEEE , Bank Exams , CAT
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1 1436
Q:

Each of the following series of statements is followed by four sets. Identify the set that is logically consistent.
(a) The gap between the average starting salaries of teachers and those of other professionals has shrunk in recent years.
(b) The average age of first year teachers is same as it was in 1975.
(c) Starting teachers are no longer underpaid.
(d) The extent of a persons formal education is a measure by which to determine his level of salary.
(e) Over the last few years, the average starting salaries of other professionals have increased by 20%

A) e,b,d B) e,d,b
C) a,c,b D) a,e,c
 
Answer & Explanation Answer: D) a,e,c

Explanation:

The statements  a,e,c  are logically sequenced.

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7 1427
Q:

A low trough is indicative of

A) the start of a depression B) the end of a recession
C) a serious depression D) a growing recession
 
Answer & Explanation Answer: D) a growing recession

Explanation:

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.

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Filed Under: Business Analyst
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0 1425
Q:

Which of the following best describes capital punishment in Texas?

A) Texas executes more individuals than any other state and has a statistically low rate of successfully appealed capital cases B) The number of executions in Texas is double the number of executions in every other state combined
C) The number of prisoners executed in Texas has been slowly decreasing since the 1970s D) All of the above
 
Answer & Explanation Answer: A) Texas executes more individuals than any other state and has a statistically low rate of successfully appealed capital cases

Explanation:
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0 1416
Q:

A trough in the business cycle occurs when

A) economy is transitioning from a period of decline to a period of expansion B) economy is transitioning from a period of expansion to a period of contraction
C) economy is transitioning from a period of expansion to a period of decline D) None of the above
 
Answer & Explanation Answer: A) economy is transitioning from a period of decline to a period of expansion

Explanation:
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Filed Under: Business Analyst
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0 1410
Q:

The wildcard in a WHERE clause is useful when

A) An exact match is not possible in a SELECT statement. B) An exact match is necessary in a CREATE statement.
C) An exact match is not possible in a CREATE statement. D) An exact match is necessary in a SELECT statement.
 
Answer & Explanation Answer: A) An exact match is not possible in a SELECT statement.

Explanation:
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2 1407
Q:

Fixed cost per unit increases when

A) variable cost per unit decreases B) production volume decreases
C) variable cost per unit increases D) production volume increases
 
Answer & Explanation Answer: B) production volume decreases

Explanation:

Fixed cost per unit increases when production volume decreases. The fixed cost per unit does not always remain the same. Fixed cost per unit increases when production volume decreases and vice versa.

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