IF A MONOPOLIST IS INCURRING SHORT-RUN LOSSES, THIS MEANS THAT HIS
A. selling price is above the short-run marginal cost B. selling price is below the short-run marginal cost ✓ C. average revenue is greater than marginal revenue D. average revenue is less than marginal revenue The answer to the question is: B. selling…
RA’Y AS A MODE OF IJTIHĀD TECHNICALLY MEANS
A. considered opinion ✓ B. debated opinion C. respected opinion D. free opinion The answer to the question is: A. considered opinion Ra’y as a mode of Ijtihād technically means “considered opinion.” In Islamic jurisprudence, Ijtihād refers to the process of making a legal…
IN NETWORKING, BANDWIDTH MEANS
A. class of IP address used in the network B. number of interconnected computers in the network C. transmission capacity of a communication channel ✓ D. types of nodes in a communication channel The answer to the question is: transmission capacity of…
THE NAME MANASSEH WHICH JOSEPH GAVE TO HIS FIRST SON MEANS
A. a beloved son of Joseph’s wife B. God had made Joseph forget his hardship ✓ C. God had delivered Joseph from death D. God had forgotten Joseph and his family The answer to the question is: B. God had made Joseph forget his…
WHEN A SUPERIOR COURT DECLARES AN ACTION OF THE EXECUTIVE ULTRA-VIRES, IT MEANS THAT
A. the executive should leave power B. a vote of no confidence had been passed on the government C. the judiciary is more powerful than the executive D. the action is illegal and of no effect ✓ The answer to the question is:…
UNWRITTEN CONSTITUTION MEANS THAT THE CONSTITUTION IS
A. not written down B. based only on conventions C. not contained in any single book ✓ D. in draft E. not approved The answer to the question is: C. not contained in any single book An unwritten constitution refers to a system of…
AN UNFAVOURABLE BALANCE OF TRADE FOR A COUNTRY MEANS THAT HER
A. imports exceed exports ✓ B. visible exports exceed invisible import C. invisible exports exceed visible exports D. imports and exports are equal The answer to the question is: A. imports exceed exports This situation occurs when the value of a country’s imports of…
SEQUENCE SIMILARITY AND ALIGNMENT AS A MEANS OF DETERMINING HOMOLOGY
Homology, in the context of molecular biology, refers to the similarity between sequences of DNA, RNA, or protein that is due to their descent from a common ancestor. Determining homology is crucial for understanding evolutionary relationships and inferring the functions…
FOREIGN TRADE DOCUMENT AND MEANS OF PAYMENT
TYPES OF INTERNATIONAL TRADE DOCUMENTS There are various documents which facilitate international trade. These documents are as follows: Consular invoice. Bill of lading. Certificate of origin. Shipping note. Airway bills. Indent. Ship manifest. Mate receipt. Freight note. Customs specification. Dock…
MEANS OF PAYMENT
MEANING OF PAYMENT Payment can be defined as the process or means of settling financial or business transactions. It is also referred to as the settlement of outstanding debts between a creditor and a buyer. Payment can be made using…
COMMUNISM
Communism may be defined as a political and economic system in which the community through the common ownership, collectively controls all the means of production of goods and services, exchange and distribution. Similarly, there is the abolition of class oppression…