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Each of the following statements is either True or False write your choice of the answer by writing T for True
- a)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.
- b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.
- c)Weighting index numbers makes them less representative.
- d)Fisher’s index number is not an ideal index number.
Correct answer is option 'A'. Can you explain this answer?
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Each of the following statements is either True or False write your ch...
Explanation:
Index numbers are a statistical tool that helps in measuring the changes in the level of economic activity. It is used to compare two or more variables over a period of time. The given statements are:
a)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage. - True
b)For Construction index number. The best method on theoretical ground is not the best method from a practical point of view. - Not given
c)Weighting index numbers makes them less representative. - False
d)Fishers index number is not an ideal index number. - Not given
Explanation of each statement:
a)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage. - True
Index numbers are like signposts that provide guidance to the businessmen about the current state and changes in the economy. It helps them in making informed decisions related to production, sales, pricing, and investment. Index numbers provide information about the direction and magnitude of change in the economic variables, which helps in identifying the trends and forecasting the future.
b)For Construction index number. The best method on theoretical ground is not the best method from a practical point of view. - Not given
This statement is not true or false, it is incomplete and does not provide enough information to determine its truthfulness or falsity.
c)Weighting index numbers makes them less representative. - False
Weighting index numbers is a method of giving different weights to different items based on their importance. It makes the index numbers more representative as it gives more weight to the items that have a greater impact on the economy. It helps in reflecting the changes in the economy more accurately.
d)Fishers index number is not an ideal index number. - Not given
This statement is incomplete and does not provide enough information to determine its truthfulness or falsity.
In conclusion, statement a) is true, statement b) and d) are incomplete, and statement c) is false.
Index numbers are a statistical tool that helps in measuring the changes in the level of economic activity. It is used to compare two or more variables over a period of time. The given statements are:
a)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage. - True
b)For Construction index number. The best method on theoretical ground is not the best method from a practical point of view. - Not given
c)Weighting index numbers makes them less representative. - False
d)Fishers index number is not an ideal index number. - Not given
Explanation of each statement:
a)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage. - True
Index numbers are like signposts that provide guidance to the businessmen about the current state and changes in the economy. It helps them in making informed decisions related to production, sales, pricing, and investment. Index numbers provide information about the direction and magnitude of change in the economic variables, which helps in identifying the trends and forecasting the future.
b)For Construction index number. The best method on theoretical ground is not the best method from a practical point of view. - Not given
This statement is not true or false, it is incomplete and does not provide enough information to determine its truthfulness or falsity.
c)Weighting index numbers makes them less representative. - False
Weighting index numbers is a method of giving different weights to different items based on their importance. It makes the index numbers more representative as it gives more weight to the items that have a greater impact on the economy. It helps in reflecting the changes in the economy more accurately.
d)Fishers index number is not an ideal index number. - Not given
This statement is incomplete and does not provide enough information to determine its truthfulness or falsity.
In conclusion, statement a) is true, statement b) and d) are incomplete, and statement c) is false.
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Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer?
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Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer?.
Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer?.
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Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Each of the following statements is either True or False write your choice of the answer by writing T for Truea)Index Numbers are the signs and guideposts along the business highway that indicate to the businessman how he should drive or manage.b)“For Construction index number. The best method on theoretical ground is not the best method from practical point of view”.c)Weighting index numbers makes them less representative.d)Fisher’s index number is not an ideal index number.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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