The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

A: Amortization

B: Loan Payment

C: Liability

D: Securitization

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Amortization

An average cost is also known as________?

A: Variable cost

B: Unit cost

C: Total cost

D: Fixed cost

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Unit cost

Costs that change in response to alternative courses of action are called___________?

A: Relevant costs

B: Differential costs

C: Target costs

D: Sunk costs

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Differential costs

The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?

A: Direct cost

B: Variable cost

C: Commercial cost

D: Conversion cost

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Commercial cost

Which of the following bases is not appropriate for apportionment of Transport departments cost ?

A: Crane hours

B: Crane value

C: Truck Mileage

D: Truck value

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Crane value

The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

A: Uncontrollable cost

B: Sunk cost

C: Avoidable cost

D: Opportunity cost

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Sunk cost

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.

A: 0.65

B: 0.35

C: 1.5

D: 5.29

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0.65

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