Business studies

Where us your school Located

• Garnala

• Pathreri

• Kadassan

• Dhanana

Cost of Raw Material does not include

• Opening stock of raw material

• Purchase of raw material

• Carriage on raw material

• Closing stock of raw material

What entry is passed for purchase of raw material

• Trade Payable Dr

• Bank Dr

• Manufacturing A/C Cr

• Manufacturing A/C Dr

Calculate the cost of production

PC = Prime Cost = 135000

FO = Factory Overhead = 85000

Op WIP = 19000

Cl WIP = 21000

• 2,22,000

• 2,18,000

• 2,20,000

• 2,39,000

Manufacturing Account is prepared by

• Trader

• Producer

• Person in service

• None

______________________is the first step in the entrepreneurship process.

A trademark is a recognizable sign, design or expression which distinguished products or services of a particular trade from the similar products or services of other traders

• true

• false

Rohan a budding musician created a lot of musical notes for his upcoming video. He was extremely thrilled to listen to his compositions. He presented his compositions to his friend Victor. The release of musical video of Rohan was getting delayed for a few months due to shortage of cash. Meanwhile Victor used most of the musical compositions of Rohan in his video. Rohan was extremely upset to know that his friend had cheated him and used all his work. What could have Rohan done to save his work?

• patent

• copyright

• trademark

According to the modern marketing concept, which of the following statement is true?

• It refers to the grp of people who do not have the ability but willingness to buy a particular product

• It refers to only the set of people who have the purchasing power to buy a particular product

• It refers to the set of actual and potential buyers for a product

• It refers only to the people who show intesrest in a particular product

Patents can only be filed to get rights over an invention not discovery.

• True

• False