cost analysis

cost analysis

12th Grade - University

17 Qs

quiz-placeholder

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cost analysis

cost analysis

Assessment

Quiz

Business

12th Grade - University

Hard

Created by

elsa george

Used 51+ times

FREE Resource

17 questions

Show all answers

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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