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Commerce Accounting Difficulty: Medium

One among the following is not coming under the rights of a company secretary: "Marketing as the creation and delivery of a standard of living to society". Who gave this definition? According to Section 4 of Negotiable Instrument Act, this is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. Which instrument is being talked here? Which two of the following statements are correct? I. In the short - run, ∆TFC = 0, therefore ∆TC = ∆TVC II. If decrease in AFC < increase in AVC, then AC decreases III. If decrease in AFC = increase in AVC, AC remains constant IV. If decrease in AFC > increase in AVC, then AC increases Choose the correct answer from the options given below Which is not an objective of insurance from amongst the following?