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

Unit IV

4.1 Google Drive  Google Drive is a free cloud-based storage service that enables users to store and access files online. The service syncs stored documents, photos and more across all of the user's devices, including mobile devices, tablets and PCs. Google Drive integrates with the company's other services and systems -- including Google Docs, Gmail, Android,  Chrome , YouTube,  Google Analytics  and Google+. Google Drive competes with Microsoft OneDrive, Apple iCloud, Box, Dropbox and SugarSync. Features Of Google Drive Your stuff, your way – Drive Features. 15 GB space. Keep any file. Share how you want. ... Built to work with Google. Save Gmail attachments. Powerful search. Google Photos. ... Work smarter with apps. Docs, Sheets, Slides. Google Forms. ... Take Drive even further. Scan documents. Work offline. Uses Of Google Drive:  1. Backup Your Precious Files Do you have photos of a family vacation that mean t...
Post a Comment
Read more

Poem 4 - Money Madness - by D. H. Lawrence (Sem IV)

The poet has admonished mankind entire mankind to change its perception and outlook about money. The poet begins expressing his annoyance by terming man’s attitude to money as ‘collective madness’. Each human being is ‘insane’ about money. He says man is so greedy and insecure about money that he shudders spending even a pound note. He trembles when he has to spend a ten-pound note. He feels money makes us quail. Man is judged by the amount of money he has. People who have more money, are respected more in society. Those who have less money, they are discriminated against. They are loathed by people, society, and the government. In order to save ourselves from being discriminated and live respectfully, we must have enough money with us. The poet’s wish about money is that bread, shelter, and fire should be free for all in all parts of the world. In the last stanza, he appeals to all men and women that we must become sane about handling money. If continue to be insa...
Post a Comment
Read more