Bihar Board 12th Entrepreneurship Objective Answers Chapter 20 Determination of Cost and Profit

Bihar Board 12th Entrepreneurship Objective Questions and Answers

BSEB Bihar Board 12th Entrepreneurship Objective Answers Chapter 20 Determination of Cost and Profit

Question 1.
Telephone Expense is……….
(A) Fixed
(B) Variable
(C) Semi-variable
(D) None of these
Answer:
(C) Semi-variable

Question 2.
The best example of variable cost is :
(A) Interest on Capital
(B) Material Cost
(C) Wealth Tax
(D)Rent
Answer:
(B) Material Cost

Question 3.
Fixed cost per unit increases when:
(A) Production decreases
(B) Production increases
(C) Production remains same
(D) None of these
Answer:
(A) Production decreases

Question 4.
Which of the following is not factory overhead:
(A) Factory Insurance
(B) Depreciation on Plant
(C) Drawing Office Salary
(D) Salary
Answer:
(D) Salary

Question 5.
Which of the following is an example of fixed cost:
(A) Direct Material Cost
(B) Chargeable Expenses
(C) Salary of Office Manager
(D) Direct Labour Cost
Answer:
(C) Salary of Office Manager

Question 6.
The element of cost is:
(A) Materia]
(B) Rent
(C) Labour
(D) Expenses
Answer:
(B) Rent