Week 10 Attempt 1 Quiz PDF

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et 1 / 1 point The "Relevant Range" of activity refers to the:

level of activity where all costs are constant

maximum activity level where costs are minimised

geographical areas in which the business operates

level of activity which the company expects to operate Question 2

1/1 point

Which of the following is not a cost classification:

mixed

variable

multiple

fixed Question 3

1/1 point

The "break-even" point is where:

contribution margin equals total fixed costs

total variable costs equal total fixed costs

total sales equals total fixed costs

total sales equals total variable costs Question 4

1/1 point

If the activity level increases 15%, total fixed costs will:

decrease by less than 15%.

increase by15%.

remain the same.

increase by more than 15%. Question 5

1/1 point

CVP analysis does not consider:

variable cost per unit

mixed costs

level of activity

fixed cost Question 6

1/1 point

If the activity level increases 10%, total variable costs will:

remain the same.

increase by10%.

decrease by less than 10%.

increase by more than 10%. Question 7

1/1 point

Which of the following is not a mixed cost?

depreciation

electricity

telephone expense

gas Question 8

1/1 point

A mixed cost contains:

both selling and administrative costs

both operating and non-operating costs

both retailing and manufacturing costs

both a variable cost and a fixed cost

Question 9

1/1 point

CVP is an abbreviation for:

Cost Value Price

Cost Value Profit

Cost Volume Price

Cost Volume Profit Question 10

1/1 point

The break-even point in units is calculated by dividing fixed costs by the:

contribution margin ratio

contribution margin per unit

total contribution margin

unit selling price Question 11

1/1 point

If a business increases its activity level:

some costs will change, others will remain the same

most costs will rise

no costs will remain the same

costs should remain the same Question Set 1 / 1 point

2

The return earned from depositing cash into a fixed term deposit is known as:

dividends received from savings

a capital gain

interest received from investment

none of the options listed Question 13

1/1 point

A Capital Gain may be made by a shareholder if:

the Earnings Per Share increases each year

the Dividend Payout increases each year

the Price Per Share increases each year

the Dividend Per Share increases each year Question 14

1/1 point

Costs charged for buying and selling of shares are generally known as:

brokerage fees

management fees

administration fees

transaction fees Question 15

0/1 point

Which of the following statements relating to dividends is correct:

it is not compulsory for a company to pay dividends

the payment of dividends is a legal obligation

dividends must be paid if a profit is made

the amount paid is fixed and regular...