Bank Clerk Questions

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.

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.

The Gulf of Tonkin Incident, in 1964, was a major turning point in United States military involvement in Vietnam. The Gulf of Tonkin Incident occurred in August 1964.

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.

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.