Category: Economics Mcqs

(A) Contribution
(B) Identifiable fixed cost, if any
(C) Impact of shutdown on other products, if any
(D) All of the above

(A) Doubt as to the ability of the subcontractor to meet delivery dates
(B) Doubt as to ability of the subcontractor to maintain quality
(C) The case with which improvements can be made to the product
(D) The effect of redundancy on labour relations

(A) Variable cost of making
(B) General fixed cost
(C) Purchase price
(D) Loss of contribution to make the product

(A) Introducing a new product
(B) Exploring foreign market
(C) Driving out a weaker competitor
(D) All of the above

(A) Total costs are unchanged
(B) Unit variable costs are unchanged
(C) Variable costs are non-linear
(D) Unit fixed costs are unchanged

(A) It is assumed that variable cost fluctuates in direct proportion to output
(B) The break the break-even point is at the intersection of the sales line and the variable cost line
(C) A break-even chart shown the maximum profit possible
(D) A break-even chart is capable of dealing with any change of product mix

(A) Fixed costs remain fixed throughout the range charted
(B) Selling prices do not change
(C) Variable costs fluctuate inversely with volume
(D) Unit variable costs remain constant throughout the range charted

(A) (Time saved/time allowed) x 100
(B) (Time allowed/time saved) x 100
(C) (Actual time taken/time allowed) x 100
(D) (Time allowed/actual time taken) x 100