Implementation of long-term plans is the ________ stage of planning process.

• A) Third
• B) Forth
• C) Sixth
• D) Fifth

Traditional costing refers to:

• A) Direct labor costs + overheads
• B) Direct material costs + Direct Labor costs
• C) Direct material costs + conversion costs
• D) All of the given options

Which of the following information is an important input for concluding the pricing decisions?

• A) Market Information
• B) Costing Information
• C) Accounting Information
• D) Management Information

Unit-level activities are also known as:

• A) Volume-related activities
• B) Overhead-related activities
• C) Cost-related activities
• D) Production-related activities

Unit price of product A is Rs. 500 and total units sold are 535. What will be the total revenue of product A?

• A) Rs. 250,000
• B) Rs. 225,000
• C) Rs. 267,500
• D) Rs. 286,225

Which of the following is the fuction of any budget?

• A) All of the given options
• B) control of activities
• C) motivation of managers
• D) communication of plans

Processing a purchase order refers to:

• A) Facility-sustaining activities
• B) Product-sustaining activities
• C) Unit-related activities
• D) Batch-related activities

In ABC based profitability analysis, costs are categorized according to their __________ levels.

• A) hierarchical
• B) production
• C) mechanical
• D) All of the given options

Which one of the following is considered as pricing policy?

• A) Price taking
• B) Price keeping
• C) Price skimming
• D) Price negotiation

In ________ systems, the overheads are assigned accrding to the activities.

• A) Action based costing
• B) Area based costing
• C) Allocation based costing
• D) Activity based costing

________ is the first stage of product life cycle.

• A) Introduction
• B) Maturity
• C) Decline
• D) Growth

In activity based costing profitability analysis, we categorize costs according to their __________ levels.

• A) All of the given options
• B) Hierarchical
• C) Mechanical
• D) Production

Number of employees can be used as “basis of allocation” for which of the following costs?

• A) Works management
• B) All of the given options
• C) Works canteen
• D) Payroll office

Zero inventory and zero defects are maintained in which of the following costing systems?

• A) Benchmarking
• B) Traditional costing
• C) Just-in-time
• D) Activity based costing

______________ refer(s) to the objective of innovation process.

• A) Improving product quality
• B) Increasing process efficiency
• C) Decreasing processing cost
• D) Increasing the number of new products

_______ measures are incorporated in the balanced scorecard.

• A) political
• B) Critical
• C) Economical
• D) Nominal

Sales revenue per employee is a measure of _______________.

• A) employee retention
• B) employee empowerment
• C) employee productivity
• D) employee satisfaction

Which of the following refers to the measure of employee retention?

• A) Survey
• B) Sales revenue per employee
• C) Annual percentage of key staff that leave
• D) Employee satisfaction

Strategic decisions normally taken for _________.

• A) Long term
• B) Short term
• C) All of the given options
• D) Mid term

__________ are the listed prices of identical or similar products.

• A) Marginal cost transfer prices
• B) Market-based transfer prices
• C) Full cost transfer prices
• D) Negotiated transfer prices