71. Break-even point is also known as . . . . . . . . point.
72. Tender price expresses-
73. An automobile service unit uses . . . . . . . . costing.
74. . . . . . . . . is the excess of overheads absorbed over the actual amount of overheads incurred.
75. Economic capacity of a plant represents its:
76. Unsuccessful research expenditure should be . . . . . . . . cost accounts.
77. 'EOQ' is used in:
78. Match the following.
List-I
List-II
a. Debtor's turnover ratio
1. Solvency ratio
b. Proprietary ratio
2. Liquidity ratio
c. Operating ratio
3. Activity ratio
d. Acid test ratio
4. Profitability ratio
| List-I | List-II |
| a. Debtor's turnover ratio | 1. Solvency ratio |
| b. Proprietary ratio | 2. Liquidity ratio |
| c. Operating ratio | 3. Activity ratio |
| d. Acid test ratio | 4. Profitability ratio |
79. Match the items of List-I with the items of List-II and indicate the correct answer.
List-I
List-II
a. Absolute cost advantage theory
1. The empirical evidence based on US export of labour-intensive goods challenging the factor endowment theory.
b. Comparative cost advantage theory
2. A country with a direct cost advantage in the production of a product on account of greater efficiency.
c. Factor endowment theory
3. A country should produce and export a commodity that primarily involves a factor of production in abundance within the country.
d. Leontief paradox
4. A country should specialize in the production and export of a commodity in which it possesses the greatest relative advantage.
| List-I | List-II |
| a. Absolute cost advantage theory | 1. The empirical evidence based on US export of labour-intensive goods challenging the factor endowment theory. |
| b. Comparative cost advantage theory | 2. A country with a direct cost advantage in the production of a product on account of greater efficiency. |
| c. Factor endowment theory | 3. A country should produce and export a commodity that primarily involves a factor of production in abundance within the country. |
| d. Leontief paradox | 4. A country should specialize in the production and export of a commodity in which it possesses the greatest relative advantage. |
80. The principle types of inventories are raw materials and, . . . . . . . . and finished goods.
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