Business And Commerce - Study Mode

[#131] _________ firm enjoys lowest average cost of production.
Correct Answer

(B) Optimum

Explanation

Solution: Optimum firm enjoys lowest average cost of production.

[#132] __________ scale firms enjoy economies of scale.
Correct Answer

(C) Large

Explanation

Solution: Large scale firms enjoy economies of scale. A firm's efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale.

[#133] The primary objective of co-operative society is __________.
Correct Answer

(A) Service Motive

Explanation

Solution: The primary objective of co-operative society is Service Motive. The main motive is to provide service to the members. It works on the principle of self help through mutual coop- eration of members

[#134] Industries are engaged in extracting and supplying products from earth ,air and water_________.
Correct Answer

(A) Extractive Industries

Explanation

Solution: Industries are engaged in extracting and supplying products from earth ,air and water is known as Extractive Industries. Any processes that involve the extraction of raw materials from the earth to be used by consumers.

[#135] Providing fair returns to investors.
Correct Answer

(A) Social objectives

Explanation

Solution: Providing fair returns to investors is Social objectives. Fair return on investment means a reasonable return on the investment of a public utility, determinable only by the exercise of sound judgment and common sense, being a matter of fair approximation, not capable of exact mathematical demonstration.