- sunk costs
- bunked costs
- unrecorded costs
- recorded costs
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Answer: Option 1
Costs that are unavoidable and remain unchanged no matter what done are classified as sunk costs. A sunk cost is a cost that an entity has incurred, and which it can no longer recover. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered.
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Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as?
Answer: Option 1 Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as budget.
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In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are?
Answer: Option 1 In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are inventoriable costs. Inventoriable costs are included in the...
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In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as?
Answer: Option 4 In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as First-in, first-out method.
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Which of the following approaches advocates that the costs of equity capital and debt capital remain unaltered when the degree of leverage varies?
Answer: Option 1 Net Income Approach advocates that the costs of equity capital and debt capital remain unaltered when the degree of leverage varies. Net Income Approach suggests that value...
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : The government has decided to reduce its subsidy on LPG; however the subsidy on kerosene remains unchanged. Assumptions : I. Those people who buy LPG can afford to purchase LPG for a higher price. II. Many people may stop buying LPG and instead use kerosene.?
Answer: Option 1 Clearly, the decision has been taken keeping in mind that the section of people using LPG can afford to pay a slightly higher price. The government does...
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Which of the following term is used to identify, "what the job holder does" "How it is done" & "why it is done"?
Answer: Option 3 Job description is used to identify, "what the job holder does"? "How it is done"? & "why it is done"?. It includes information such as job title,...
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Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should the practice of transfers of clerical cadre employees from government offices of one city to those of another be stopped Arguments : I. No. Transfer of employees is a routine administrative matter and we must continue it. II. Yes. It involves lot of governmental expenditure and inconvenience too many compared to the benefits it yields.?
Answer: Option 4 It is not necessary that any practice which has been in vogue for a long time is right and it must be continued. So, argument I is...
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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The prices of petrol and diesel in the domestic market have remained unchanged for the past few months. II. The crude oil prices in the international market have gone up substantially in the last few month.?
Answer: Option 4 The prices of petrol and diesel in domestic market remains same in last few month while Price of crude oil have been increased in international market this...
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Find out whether there is any grammatical error in below sentence. We have done everything / that could be done / to avert the storm / which is now coming on.?
Answer: Option 1 We did everything
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