Skip to main content

Interview Question: Economics

Interview Questions (Continued...)

Economics

What do you mean by monopolistic competition?

Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.

What is oligopoly in economics?

Oligopoly markets are markets dominated by a small number of suppliers. They can be found in all countries and across a broad range of sectors. Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.

What is perfect competition in simple words?

perfect competition is a type of market form in which there are many companies that sell the same product or service and no one has enough market power to be able to set prices on the product or service without losing business.

 

Depletion method

Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income.

Time liabilities & demand liabilities:

Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, (FD) and demand liabilities are customer deposits which are repayable on demand (saving account)

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Interview Notes / Questions - US Taxation 1065 & 1120

  1.     163 J: Business Interest Expense limitation: Example: Capital Structure: Debt - 98% Equity - 2% 8890 Fedra Form Why IRS limiting a corporation? Corporation highly leverage on debt so they pay high interest expense to claim deductions.   2.     Sec 78 Gross up: If parent paid taxes of it's foreign subsidiaries, then the parent Can Claim that tax in us and can pay less tax Ex. 100$ (CFC) earn & paid 10$ tax & in Us parent must 21% 21$ pay can deduct 10$, must pay only 11$. line 30 state 50% deduction line 28 State 100% deduction   $210 $ 10 = $ 11 3.     Sub part F: If Sub part f is an income which is relatively movable from one taxing jurisdiction to another and that is Subject to low rates of foreign tax - This applies to CFC only.   4.     DRD: Dividend Received Deduction It is a tax deduction available to corporations in the US that receive dividen...
Post a Comment
Read more

Interview Questions

Interview Questions Tell me about yourself What do you want to do with your life? Do you have any actual work experience? How would you describe your ideal job? Are you ready to shift to (any other place) and what is your parents view about this? Why did you choose this career? When did you decide on this career? Why (COMPANY NAME WHICH YOU APPLIED) company? What goals do you have in your career? How do you plan to achieve these goals? How do you evaluate success? Why (COMPANY NAME WHICH YOU APPLIED) company? Describe a situation in which you were successful. What do you think it takes to be successful in this career? What accomplishments have given you the most satisfaction in your life? If you had to live your life over again, what would you change? Would you rather work with information or with people? Are you a team player? What motivates you? Why should 1 hire you? Are you a goal-oriented person? Tell me about some of your recent goals and what you did to achieve them. What are yo...
Post a Comment
Read more

UNIT II - INCORPORATION OF COMPANY

2.1 Incorporation of Company The incorporation of a company refers to the legal process that is used to form a corporate entity or a company. An incorporated company is a separate legal entity on its own, recognized by the law. These corporations can be identified with terms like ‘Inc’ or ‘Limited’ in their names. It becomes a corporate legal entity completely separate from its owners. Steps in Incorporation of a Company A group of seven or more people can come together so as to form a  public company  whereas, only two are needed to form a private company. The following steps are involved in the incorporation of a company. 1. Ascertaining Availability of Name The first step in the incorporation of any company is to choose an appropriate name. A company is identified through the name it registers. The name of the company is stated in the memorandum of association of the company. The company’s name must end with ‘Limited’ if it’s a  public compa...
Post a Comment
Read more