CH-6 MCQs Unit of sale – Unit cost – Gross Profit

Entrepreneurship

MCQs on Unit of sale, Unit cost, Gross Profit – Ch-6 Entrepreneurship – Specially Designed for CBSE Class 11 Students

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Bold text are answers to these questions

1. Sales commission is an example of

• Fixed cost
• Variable cost
• Start up cost

Variable cost

2. Which of the following tax is included in the cost of the product?

• Direct Tax
• Indirect tax
• Both a and b
• None of the above

3. At break even level ________ is equal to _________

• Total Revenue, Total Cost
• Fixed cost, variable cost
• Profit, loss
• None of the above

4. __________ type of tax cannot be shifted by taxpayer to someone else.

• Direct tax
• Indirect tax
• Both a and b
• None of the above

5. Navya is in the shoe manufacturing business. She told that cost of cloth for per unit of the shirt is Rs. 200, cost of buttons and thread is Rs. 45, cost of labour is Rs. 25. and she earns a profit of Rs. 50 by selling each shirt of Rs. 320. What is the unit cost in the above case?

• 320
• 50
• 270
• 200

6. Break-even point is expressed as quantity for ________

• Time
• Rupees
• Quality
• None of the above

7. I bought 1200square feet of Apartment @ Rs. 1.5 crores. What is the unit of sale in this case?

• Square feet
• 5
• Crore
• All of the above

8. ___________ cost changes with change in Output

• Fixed cost
• Variable cost
• Marginal cost
• Rent of building.

9. Which of the following leads to cash outflow?

• Unit price
• Unit cost
• Gross profit
• All of the above

10. Unit cost includes _____

• Fixed cost
• Variable cost
• Total cost
• Both 1 and 2

11. Depreciation of Rs. 6000 on Land and building is an example of ________

• Expenditure
• Cost
• Revenue
• Start up cost

12. If tax is levied on the price of a good or service, then it is called_________

• Direct tax
• Indirect Tax
• Property Tax
• Wealth Tax

13. Which of the following is the correct formula for the calculation of Gross Profit?

• Unit price- unit cost
• Unit price- variable cost
• Unit price- COGS
• All of the above

14. Direct taxes are levied directly on

• Income
• Corporation
• Property
• All of the above

15. _____________= unit cost/output

• Per unit cost
• unit of sale
• unit cost
• unit price

16. A businessman sells his product at the Unit price of a good is Rs. 300, and earns a profit of Rs. 70. Calculate Unit cost?

• 300
• 230
• 70
• 370

17. Which of the following is an example of fixed cost

• Raw material
• Packing Material
• Factory Power
• Insurance premium

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