NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

NAT II Management Science Finance & Accounting

Sr. #	Questions	Answers Choice
1	How many types of inventories are in cost of goods sold statement?	1 2 3 4
2	Depreciation expenditure is a	Fixed cost Variable cost Semi-variable cost Step fixed cost
3	Hypothetical cost which are specially computed outside the accounting system for the purpose of decision making is called	Future cost Replacement cost Imputed cost Sunk cost
4	A cost whose magnitude will be affected by decision being made is called	Historical cost Relevant cost Irrelevant cost Sunk cost
5	Section of the business to which cost can be charged is termed as	Cost driver Cost center Cost unit All of above
6	The technique and process of ascertaining cost is termed as	Costing Cost accounting Calculation of cost Controlling cost
7	The primary objective of cost accounting is to	Control cost Calculate profit Avoid cost All of above
8	Cost which is calculated before manufacture operation is called	Sunk cost Mixed cost Standard cost None of above
9	Which one is not a functional classification?	Manufacturing cost Marketing cost Finance cost Mixed cost
10	Historical cost which is irrecoverable in a given situation is called	Imputed cost Standard cost Opportunity cost Sunk cost