Nonlinearity and Cost Functions Quiz PDF: Questions and Answers - 127

MCQ 631: Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is called

1. fixed cost function
2. variable cost function
3. step variable cost function
4. step fixed cost function

MCQ 632: Any output that has total positive sales is a

1. joint product
2. main product
3. product
4. all of above

MCQ 633: The cash receipts are added in to beginning cash balance to calculate

1. total goods manufactured
2. total cash available
3. total revenue
4. total goods sold

MCQ 634: The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as

1. service sector companies
2. raw material companies
3. manufacturing sector companies
4. merchandising sector companies

MCQ 635: The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as

1. value costs
2. future function costs
3. business function costs
4. sunk function costs