cost analysis
Authored by elsa george
Business
12th Grade - University
Used 52+ times
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17 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Which of the following is not true about cost? (tick all that apply)
It is an expenditure
It can be actual or notional
It includes only the price incurred on a particular product
It can be the amount attributable to a particular item
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the actual expenditure of funds on factors like material, rent, wages, etc.
opportunity cost
outlay cost
sunk cost
implicit cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The total cost incurred due to an additional unit of product being produced.
Incremental cost
Sunk cost
Economic cost
Book cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
cost incurred at the time of temporary suspension of the production process
Close down cost
Abandonment cost
Shut down cost
Operation cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
money that has already been spent and which cannot be recovered.
Opportunity cost
Sunk cost
Out-of-pocket cost
Book cost
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Economic cost consists of (tick all that apply)
Accounting cost
Implicit cost
Opportunity cost
Future cost
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Implicit cost is used to calculate
Economic profit
Accounting profit
Future profit
All the above
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