KTQT

Which of the following is NOT a financial information ?

• Canteen staff costs

• Canteen facilities

• Cost of subsiding meals

• Cost of heat and light

A business plan in the life cycle of a new product is?

• Strategic plan

• Tactical plan

• Operational plan

• Corporate plan

A business manager needs?

• Financial information only

• Non-financial information only

• A combination of financial and non-financial information

• None of above

1. Which of the following costs would NOT be the concern of the supervisor of a production department?

• Material costs

• Labor costs

• Maintenance costs for machine

• Lease payment on a machine

A company makes one delivery per week to all of its customers. The cost of these deliveries is

• 1. A selling and distribution cost

• A prime cost

• A production overhead

• A direct production expense

Prime cost is

• The total of all direct costs

• The total of all costs incurred in manufacturing a product

• The same as a fixed cost of a cost unit

•  Any cost which does not vary with changes in output levels

A cost which contains both fixed and variable components, and so is partly affected by changes in the level of activity is known as

• A direct cost

• A variable cost

• An indirect cost

• A semi-variable cost

Which of the following costs are fixed per unit, but change in total, as production level change?

• Variable costs

• Direct costs

• Fixed costs

•  A step cost

If an assembly line supervisor is paid a salary of $100 each week and an additional $0.10 for every unit of production made in the week, this wage could be described as

• A semi-variable cost

•  A fixed cost

• A variable cost

•  A step cost

1. Good information should have certain qualities. Which of the following are qualities of good information?

(i) Understandable

(ii) Complete

(iii) Relevant

(iv) Accurate

•  (i),(ii) and (iii)

• (i),(iii) and (iv)

•  (ii) and (iv)

•  All of them