MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 1375 Mcqs, each offering curated multiple-choice questions to sharpen your Commerce knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
Range, in which relationship exists between level of activity or total cost is called |
| A. | unctional range |
| B. | elevant range |
| C. | nit range |
| D. | elated range |
| Answer» C. nit range | |
| 202. |
Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as |
| A. | ontinuously variable cost function |
| B. | ixed cost function |
| C. | ixed cost function |
| D. | emi variable cost function |
| Answer» B. ixed cost function | |
| 203. |
Cost function, in which cost does not change with any change in level of activity is a part of |
| A. | tep price functions |
| B. | tep object functions |
| C. | tep constant functions |
| D. | tep cost functions |
| Answer» E. | |
| 204. |
Relationship between cost and cost drivers is |
| A. | tationary |
| B. | ot stationary |
| C. | ntrinsic |
| D. | xtrinsic |
| Answer» C. ntrinsic | |
| 205. |
If purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be |
| A. | 4000 units |
| B. | 4500 units |
| C. | 5000 units |
| D. | 5500 units |
| Answer» B. 4500 units | |
| 206. |
Relevant ordering costs are added into relevant carrying costs to calculate |
| A. | elevant total costs |
| B. | ontribution costs |
| C. | hroughput costs |
| D. | ptimized costs |
| Answer» B. ontribution costs | |
| 207. |
Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as |
| A. | tock-out costs |
| B. | rdering costs |
| C. | arrying costs |
| D. | urchasing costs |
| Answer» C. arrying costs | |
| 208. |
Purchase order lead time is multiplied to number of units is sold per unit of time to calculate |
| A. | arrying costs |
| B. | elevant total costs |
| C. | conomic order quantity |
| D. | eorder point |
| Answer» E. | |
| 209. |
Buying of goods or materials for production in a way that they are delivered directly on manufacturing facility of company is called |
| A. | conomic order quantity purchasing |
| B. | nnual purchasing |
| C. | ust in time purchasing |
| D. | oth a and b |
| Answer» D. oth a and b | |
| 210. |
Reorder point is divided by number of sold units for per unit of time to calculate |
| A. | elevant carrying cost |
| B. | elevant ordering cost |
| C. | urchase order lease time |
| D. | umber of purchase orders |
| Answer» D. umber of purchase orders | |
| 211. |
Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as |
| A. | conomic accounting |
| B. | ack-flush accounting |
| C. | ean accounting |
| D. | ead accounting |
| Answer» D. ead accounting | |
| 212. |
If required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be |
| A. | 6.2 |
| B. | 7.2 |
| C. | 4.2 |
| D. | 5.2 |
| Answer» D. 5.2 | |
| 213. |
Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as |
| A. | haining point |
| B. | ecording point |
| C. | ead point |
| D. | rigger point |
| Answer» E. | |
| 214. |
Decision model to calculate optimal quantity of inventory to be ordered is called |
| A. | fficient order quantity |
| B. | conomic order quantity |
| C. | ational order quantity |
| D. | ptimized order quantity |
| Answer» C. ational order quantity | |
| 215. |
Strength of relationship between cost driver and cost is considered as |
| A. | adness of residual |
| B. | oodness of residual |
| C. | adness of fit |
| D. | oodness of fit |
| Answer» E. | |
| 216. |
Component of total cost, which never changes with change in level of production is classified as |
| A. | ixed cost |
| B. | onstant |
| C. | ariable |
| D. | oth a and b |
| Answer» B. onstant | |
| 217. |
In cost accounting, conference, quantitative analysis and account analysis methods are considered as |
| A. | ost estimation methods |
| B. | rice estimation methods |
| C. | nit estimation method |
| D. | ariable estimation method |
| Answer» B. rice estimation methods | |
| 218. |
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as |
| A. | esidual term |
| B. | ositive term |
| C. | egative term |
| D. | quared term |
| Answer» B. ositive term | |
| 219. |
An assumption, which states that there must be linear relationship between independent variable and dependent variable is |
| A. | rrelevant range of linearity |
| B. | elevant range of linearity |
| C. | ignificant range |
| D. | nsignificant range |
| Answer» C. ignificant range | |
| 220. |
Cost function, in which graph of total cost would not result in straight line is classified as |
| A. | onlinear cost function |
| B. | inear cost function |
| C. | inear price function |
| D. | onlinear price function |
| Answer» B. inear cost function | |
| 221. |
An error term, disturbance term or residual term is calculated as |
| A. | |
| B. | |
| C. | |
| D. | |
| Answer» D. | |
| 222. |
In plotting cost functions, number of machine hours and batches are represented on |
| A. | nit axis |
| B. | erm axis |
| C. | -axis |
| D. | -axis |
| Answer» E. | |
| 223. |
Lower level of production leads to |
| A. | igher setup cost |
| B. | ower repair cost |
| C. | igher setup cost |
| D. | igher repair cost |
| Answer» C. igher setup cost | |
| 224. |
Fifth step in quantitative analysis of estimating cost function is to |
| A. | stimate cost function |
| B. | stimate price function |
| C. | stimate supply function |
| D. | stimate demand function |
| Answer» B. stimate price function | |
| 225. |
Individual variable coefficient's multicollinearity leads to |
| A. | ecrease in variance |
| B. | ncrease in variance error |
| C. | ncrease in standard error |
| D. | ecrease in standard error |
| Answer» D. ecrease in standard error | |
| 226. |
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called |
| A. | conomic series |
| B. | inancial series |
| C. | ime series |
| D. | nalytical series |
| Answer» D. nalytical series | |
| 227. |
Small residual terms and positive slope of line indicate |
| A. | adness proportions |
| B. | oodness proportion |
| C. | nversely proportion |
| D. | irectly proportion |
| Answer» E. | |
| 228. |
Percentage of variation in Y explained by X is measured by |
| A. | oefficient of residual |
| B. | oefficient of prediction |
| C. | oefficient of determination |
| D. | oefficient of index |
| Answer» D. oefficient of index | |
| 229. |
Residual term is also considered as |
| A. | rror term |
| B. | isturbance term |
| C. | elevant term |
| D. | oth a and b |
| Answer» E. | |
| 230. |
If slope coefficient is 0.60 and difference in machine hours is $50000, then difference in cost can be |
| A. | 68,700 |
| B. | 58,700 |
| C. | 30,000 |
| D. | 83,333.34 |
| Answer» D. 83,333.34 | |
| 231. |
In specification analysis, assumptions related to variance states that: |
| A. | ariance of residuals is constant |
| B. | ariance of goodness is constant |
| C. | oodness of fit is constant |
| D. | tandard error is constant |
| Answer» B. ariance of goodness is constant | |
| 232. |
Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as |
| A. | umulative average time learning model |
| B. | umulative mean learning model |
| C. | umulative weighted learning model |
| D. | umulative average pricing model |
| Answer» B. umulative mean learning model | |
| 233. |
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as |
| A. | ncremental unit time learning model |
| B. | ncremental price learning model |
| C. | ncremental unit average model |
| D. | ncremental cost learning model |
| Answer» B. ncremental price learning model | |
| 234. |
constant variance is classified in assumptions testing as |
| A. | omogenous |
| B. | omoscedasticity |
| C. | eteroscedasticity |
| D. | eterogeneous |
| Answer» C. eteroscedasticity | |
| 235. |
Costing system, which omits some of journal entries in accounting system is known as |
| A. | n-time costing |
| B. | rigger costing |
| C. | ack flush costing |
| D. | ead time costing |
| Answer» D. ead time costing | |
| 236. |
Number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate |
| A. | nnual irrelevant ordering costs |
| B. | nnual relevant carrying costs |
| C. | nnual relevant ordering costs |
| D. | nnual irrelevant carrying costs |
| Answer» D. nnual irrelevant carrying costs | |
| 237. |
If economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be |
| A. | 6 |
| B. | 2 |
| C. | 0 |
| D. | 4 |
| Answer» D. 4 | |
| 238. |
Relevant incremental costs are added into relevant opportunity cost of capital to calculate |
| A. | urchase order costs |
| B. | elevant inventory carrying costs |
| C. | rrelevant inventory carrying costs |
| D. | elevant ordering costs |
| Answer» C. rrelevant inventory carrying costs | |
| 239. |
A push through system, according to which goods are manufactured for finished inventory solely, on basis of forecasted demand can be classified as |
| A. | n-time production |
| B. | aterials requirement planning |
| C. | n-time production |
| D. | ull strategy of production |
| Answer» C. n-time production | |
| 240. |
Industrial engineering method is used to analyze relationship between |
| A. | arketing and financing |
| B. | rice and costs |
| C. | nput and output |
| D. | nits and batches |
| Answer» D. nits and batches | |
| 241. |
If all conditions or assumptions of regression analysis simple regression can give |
| A. | ependent estimation |
| B. | ndependent estimation |
| C. | eliable estimates |
| D. | nreliable estimates |
| Answer» D. nreliable estimates | |
| 242. |
High-low method is used for estimation of |
| A. | inear coefficient |
| B. | ost coefficient |
| C. | lope coefficient |
| D. | rice coefficient |
| Answer» D. rice coefficient | |
| 243. |
In regression equation, an evaluation criteria considers significance of |
| A. | ndependent variable |
| B. | ependent variable |
| C. | ignificance plotting |
| D. | nsignificance plotting |
| Answer» B. ependent variable | |
| 244. |
Slope coefficient is 0.75 and difference in machine hours is $65000 then difference in cost would be |
| A. | 86,667 |
| B. | 48,750 |
| C. | 85,000 |
| D. | 55,000 |
| Answer» B. 48,750 | |
| 245. |
If conversion cost is $25000 and direct manufacturing labour cost is $17000, then manufacturing overhead cost would be |
| A. | 14,700 |
| B. | 68,000 |
| C. | 8,000 |
| D. | 42,000 |
| Answer» D. 42,000 | |
| 246. |
Supplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under which type of costs? |
| A. | abour costs |
| B. | actory overhead costs |
| C. | inished costs |
| D. | anufacturing costs |
| Answer» C. inished costs | |
| 247. |
An inward delivery charges and custom duties are classified as |
| A. | irect labour costs |
| B. | ndirect labour costs |
| C. | irect material costs |
| D. | ndirect material costs |
| Answer» D. ndirect material costs | |
| 248. |
Conversion cost is subtracted from direct manufacturing labour cost is to calculate the |
| A. | irect overheads |
| B. | verhead costs |
| C. | actory overhead |
| D. | anufacturing overhead cost |
| Answer» E. | |
| 249. |
Cost, which is related to specific cost object and economically traceable, will be classified as |
| A. | irect cost |
| B. | ndirect cost |
| C. | ine cost |
| D. | taff cost |
| Answer» B. ndirect cost | |
| 250. |
Wages paid to workers of factory are termed as |
| A. | orkers premium |
| B. | vertime premium |
| C. | actory premium |
| D. | age premium |
| Answer» C. actory premium | |