a. Only i and ii
b. Only iii
c. All ii, iii and iv
d. All the above
Answer: c. All ii, iii and iv
17. Overheads are classified as per the functions they perform. What do you call this classification as?
a. Elementary classification of overheads
b. Functionality classification of overheads
c. Function wise classification of overhead
d. None of the above
Answer: c. Function wise classification of overhead
18. Factory overheads are also known as ______
i] Office overheads
ii] Works overheads
iii] Manufacturing overheads
iv] Distribution overheads
a. Only i
b. Only ii and iii
c. All i, ii and iii
d. None of the above
Answer: b. Only ii and iii
19. Which factors need to be taken into consideration, to forecast the sales quantity for sales budget?
a. Potential Assessment
b. The types of reports & statements involved
c. Key positions
d. Long term, seasonal & cyclical trends
Answer: d. Long term, seasonal & cyclical trends
20. Which of the following should madatorily be stated in a Purchase requisition?
a. The quantity of the product
b. The cost of the product
d. Market availability of the product
c. The state of final product
