Questions

The prime cost calculates the use of raw materials and direct labor, but does not factor in indirect expenses, such as advertising and administrative costs.

Supervisor's wages doesn;t come under prime cost.

A : B = (800 × 8+ 900+ 1000+ 1100+ 1200): (1600 × 8+ 1700+ 1800+ 1900+ 2000)
A : B = 53 : 101
Profit of A ⇒ 7700 ×53/154 = 2650 Rs.

Exchange Traded Funds (ETFs) are a relatively new phenomenon and are gaining popularity rapidly. This post outlines the key features of an ETF.

ETFs are like mutual funds because they hold an underlying asset like stocks, debt, commodities future contracts etc. If you are new to the concept of an ETF, think of it as a mutual fund, and build your understanding from thereon. An example of an ETF is the SBI Gold ETF, which holds physical gold as its underlying asset.

SQL statements are broadly classified into three. They are

1. DDL – Data Definition Language

DDL is used to define the structure that holds the data. For example, Create, Alter, Drop and Truncate table.

2. DML – Data Manipulation Language

DML is used for manipulation of the data itself. Typical operations are Insert, Delete, Update and retrieving the data from the table. The Select statement is considered as a limited version of the DML, since it can't change the data in the database. But it can perform operations on data retrieved from the DBMS, before the results are returned to the calling function.

3. DCL – Data Control Language

DCL is used to control the visibility of data like granting database access and set privileges to create tables, etc. Example - Grant, Revoke access permission to the user to access data in the database.

The defining right of a representative democracy is the ability to vote for representatives to make decisions on their behalf.

In democratic government, elections are held regularly, in which voters vote for someone who will serve in the levels of local, state, and federal government.