AIEEE Questions

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Amicable means Friendly or in Loveable, peaceful sense.

Then Antonyms for Amicable are Opposite of Friendly => Unfriendly, Hostile, Unpeaceful, etc...

the gaseous form of water is called water vaour.

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.

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.

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.