CAT Questions

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1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

Chemical weathering is what happens when rocks are broken down and chemically altered.

Chemical weathering is the breakdown of rocks by chemical reactions. Chemical weathering involves changes in the chemical composition of the existing rock to form new rock. Some examples of chemical weathering are hydrolysis, oxidation, carbonation, dissolution, etc.

GDP tends to overstate economic well-being because it takes into account social costs related to the consumption of products with adverse health effects

Economic resources include land, labour, capital and entrepreneurship. 

Entrepreneurship is also considered an economic resource because individuals are responsible for creating businesses and moving economic resources in the business environment.

These economic resources are also called as Factors of production.

Let the larger number be p

Then, smaller number = 1/6 x p = p/6

Given difference between two numbers = 25

p - p/6 = 25

5p/6 = 25

5p = 150

p = 30

Then, p/6 = 30/6 = 5

Hence, larger number = 30 and smaller number = 5 which makes the difference = 25.

The Bantu were comprised of more than 500 ethnic groups of Africa for migrations. The Bantu were experts in the form of iron metallurgy. 

The term 'degrees of newness' is associated with degree of design change. How much the design changes that much newness comes in it.