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CONTENTS
English I
Computer Application
Physics
Chemistry
Biology
Mathematics
History
Geography
Economics(optional)
Commercial Application
Civics
English II
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Question-1
________ costs are the changes in costs due to changes in the level of activity.
(A)
Opportunity Cost
(B)
Differential Cost
(C)
Marginal Cost
(D)
Replacement Cost
Question-2
A ________ means a work unit , a location , a person or a group of these for which costs may be ascertained and used for the purpose of cost control.
(A)
Cost Sheet
(B)
Cost Centre
(C)
Cost Unit
(D)
Overheads
Question-3
________ is the cost which is normally incurred at a given level of output.
(A)
Avoidable Cost
(B)
Normal Cost
(C)
Product Cost
(D)
Abnormal Cost
Question-4
________ costs are those costs which are beyond the control of a given person during a given period of time.
(A)
Controllable Costs
(B)
Uncontrollable Costs
(C)
Variable Costs
(D)
Fixed Costs
Question-5
_________ costs are those costs which cannot be avoided.
(A)
Avoidable Cost
(B)
Unavoidable Cost
(C)
Abnormal Cost
(D)
Fixed Cost
Question-6
_______ are those costs which vary in amount with changes in the level of output or activity.
(A)
Fixed Cost
(B)
Direct Cost
(C)
Variable Cost
(D)
Semi fixed Cost
Question-7
_________ are the contractual money payments actually made to the owners of various factors of production.
(A)
Traceable Cost
(B)
Implicit Cost
(C)
Explicit Cost
(D)
Predetermined Cost
Question-8
________ costs are those costs which can be influenced and regulated by the person or level of management which is managing the cost centre.
(A)
Variable Costs
(B)
Controllable Costs
(C)
Uncontrollable Costs
(D)
Fixed Costs
Question-9
________ are those costs which can be easily, directly and wholly related to a particular cost unit or cost centre.
(A)
Indirect Cost
(B)
Direct Cost
(C)
Fixed Cost
(D)
Variable Cost
Question-10
________ are those costs which are associated with production and which become part of the cost of a product.
(A)
Period Costs
(B)
Product Costs
(C)
Shut Down Costs
(D)
Normal Costs
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Std 10
ICSE/ISC
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