Enterprise budget

Enterprise budget

University

11 Qs

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Enterprise budget

Enterprise budget

Assessment

Quiz

Other

University

Hard

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HAZWANI AZAM

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11 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

By analyzing revenues and expenses associated with individual enterprises a manager can determine which enterprises might be _________ (2 answers)

expanded

eliminated

combined

separated

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Choose the correct answers (2 answers)

Each type of crop or livestock is an enterprise

The base unit for crops is usually one hectare

The base unit for livestock may be one head

Using different units allows an easy and fair comparison across different enterprises

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The concept of ____________ should be used to value any noncash sources of revenue

initial cost

scrap value

opportunity cost

book cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All costs that would be incurred only if the crop is produced is called

Operating cost

Ownership cost

Fixed cost

Non-operating cost

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost that must be paid even if no crop is produced is called 

Operating cost

Fixed cost

Variable cost

Depreciation cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income above variable cost =

Price x Quantity

Total variable costs + Total fixed costs

Total revenue - Total cost

Total revenue - Total variable costs

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Cost of production will change if either _______ or _______ change.

sale price

yields

costs

income

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