[QUOTE=Crystal Doll;571817]Which method reduces income when costs are rising?
FIFO LIFO Average Weighted Method

Surplus concept used for Increasing Mrginal Returns

setting low prices to attract customers at initial stage policy?
market penetration index market penetration Policy Market Skimming

risk associated with securities?
systematic .portfolio

risk associated with isolated security and portfolios?
.Beta & Variance . Correlation of variance,beta .variance, standard deviation

which is not prt of a product manufactured?
.Period Cost .Product Cost .Conversion Cost .

Cost accounting purpose?
. management decision Mking .setting product prices

which cost is not directly related to a product?
.administrative cost .Plant Supervisor Salary .Prme cose .Conversion cost

what is part of cost accounting but not profit/loss statement?
.Rent of Owner Plot .Selling costs .Direct Material .work overhead

4 steps of Planning?
objective, policy ,procedure,plan . Organizing, control (dont remember other 3)

iProduct before transportation?
.Company Offering .Supply chain .Marketing .none

Audit Standard & Procedure, are different where procedure is?
.Method of Work .Quality Criterion (dont remember other 2)

opportunity cost question? ans 25000.

EOQ ?

Performance appraisal ?? ctivity belongs to??
.leading .control .organize (dont remember other)

corrections are most welcome[/QUOT


1.LIFO is correct
2.not market penetration . market skiming is a correct ans because question was that ke more benefit with low market share
3. Surplus value ....wrong ... correct is externality
4.systematic risk is corect ans
6.. period cost
7.cost accounting purpose? is provide information to management for decision making
8.administrative cost is not associated with product cost
9.step planning ? objectives plan policy .........200% sure
10 opportunity cost i attempt 10000

[QUOTE=aleeshah;573903]step planning question is copied from Dogars Commerce guide and in that book ans is Input Process Output & Feedback.
Market Penetration pricing is corkt ans. I also ticked Skimming pricing but corekt ans is Penetration

Here are the questions . The discussion was already going on, on another thread anyway, there are the questions:



1. when there is a net profit, which of the items are deducted from net profit to arrive at cash from operations?
ans. inc in C.A


2. An expenditure is classified capital expenditure when,
Ans. it is intended to benefit number of future years

3. hazrat Nooh ki qoam pay flood ka azaab aaya tha

4. Hazrat zikrya (A.S) ki doua k tufail Hazrat Yahya (A.s) was born

5. trial balance is prepared to locate
Ans. Clerical errors

6. Niche marketing is used for sub segments

7. performance appraisal is a??? not sure i encircled "controlling activity"

8. opportunity cost of the one who got 100000 on retirement was 25000

9. cash audit is done by charted accountant

10. strategic management is?? i encircled "continuous process"

11. four steps of planning are??

12. fiscal policy is used for taxation

13. low pricing for capturing more customers
Ans. marketing penetration strategy

14. price elasticity of demand= %age change in quantity demanded/%age change in price

15. unnecessary option for new product or service or for refining existing product?

16. capital budgeting is for long term

17. which is not prt of a product manufactured?
.Period Cost .Product Cost .Conversion Cost .

18. which risk is common for all securities? i guess systematic risk

19. Ending finished goods inventory cost =?

20. when a researcher answers who, when, whom ???
its exploratory

21. utilization of assets for generation revenue = Asset turn over ratio

22. bin qasim in 1712

23. Material used to make windows of space shuttle?
.carbon .diamond .steel .graphite.
24. Mercury Thermometer invented by?
newton .farenheit .galileo .dont remember 4th one!

25. Combustion produces
.light only .heat only .both .none of these


26. gas used in fire extinguisher?
.neon .carbon dioxide .nitrogen ..dont remember 4th one!

27. In sub continent muslims started non cooperation movement to

.expel brtitishers .for independence & suppport khilafat issue in turkey .


28. Which one of the following cost would not be termed as Product Costs?
a)Indirect Material
b)Direct Labor
c)Administrative Salaries
d)Plant supervisor’s Salary


29. While calculating the finished goods ending inventory, what would be the formula
to calculate per unit cost?
e)Cost of goods sold / number of units sold
f)Cost of goods to be manufactured / number of units manufactured
g)Cost of goods manufactured / number of units manufactured
h)Total manufacturing cost / number of units manufactured

30. The main purpose of cost accounting is to:
a.Maximize profits.
b.Help in inventory valuation
c.Provide information to management for decision making
d.Aid in the fixation of selling price


31. There was a question like equal payment at now etc and the options were
1. Present value of annuity
2. Future value of annuity
3. Ordinary anuity
4 anuity due

32. 7. What is closed enonomy?
no import no export

33. maximizing earning after taxes...profit maximization..

34. EPS after tax profit divided by # of C.S shares



36. another was related to inventory ....A) option was EOQ dun remebr other 3 options

37. Who Wrote the book “ Our Freedom Fighter



38 Product before transportation?
.Company Offering .Supply chain .Marketing .( 01 option is missing)
39. Audit Standard & Procedure, are different where procedure is?
.Method of Work .Quality Criterion (dont remember other 2)

40. when by-product are involved in production, then how is treated the value of by-product. Is it deducted, added, added & deducted divided from the cost of goods sold of main product?
41. when prices are on the rise which method will report lower income?




42. One question was related to radioactivity reaction on uranium produces?
Thorium lead carbon graphite



43. When Price Fluctuates in market shareholder sell the stock in order to :

Diversify the risk
transfer the risk
share the risk

Correct answer is TRANSFER THE RISK

44. Job Enrichment is not A) b) c) d)

the correct option is TO ASSIGN MORE WORK


45. Statistical measure of risk for a security when it is in isolation, and when it is in set of market
correct option was: standard deviation, beta


46. Advancement in technology"


47. The concept of Surplus value is based upon

1.LIFO is correct
2.not market penetration . market skiming is a correct ans because question was that ke more benefit with low market share
3. Surplus value ....wrong ... correct is externality
4.systematic risk is corect ans
6.. period cost
7.cost accounting purpose? is provide information to management for decision making
8.administrative cost is not associated with product cost
9.step planning ? objectives plan policy .........200% sure
10 opportunity cost i attempt 10000[/QUOTE]




Externality has nothing to do with Surplus value concept

[QUOTE=Noman Ali;573970]Here are the questions . The discussion was already going on, on another thread anyway, there are the questions:



1. when there is a net profit, which of the items are deducted from net profit to arrive at cash from operations?
ans. inc in C.A


2. An expenditure is classified capital expenditure when,
Ans. it is intended to benefit number of future years

3. hazrat Nooh ki qoam pay flood ka azaab aaya tha

4. Hazrat zikrya (A.S) ki doua k tufail Hazrat Yahya (A.s) was born

5. trial balance is prepared to locate
Ans. Clerical errors

6. Niche marketing is used for sub segments

7. performance appraisal is a??? not sure i encircled "controlling activity"

8. opportunity cost of the one who got 100000 on retirement was 25000

9. cash audit is done by charted accountant

10. strategic management is?? i encircled "continuous process"

11. four steps of planning are??

12. fiscal policy is used for taxation

13. low pricing for capturing more customers
Ans. marketing penetration strategy

14. price elasticity of demand= %age change in quantity demanded/%age change in price

15. unnecessary option for new product or service or for refining existing product?

16. capital budgeting is for long term

17. which is not prt of a product manufactured?
.Period Cost .Product Cost .Conversion Cost .

18. which risk is common for all securities? i guess systematic risk

19. Ending finished goods inventory cost =?

20. when a researcher answers who, when, whom ???
its exploratory

21. utilization of assets for generation revenue = Asset turn over ratio

22. bin qasim in 1712

23. Material used to make windows of space shuttle?
.carbon .diamond .steel .graphite.
24. Mercury Thermometer invented by?
newton .farenheit .galileo .dont remember 4th one!

25. Combustion produces
.light only .heat only .both .none of these


26. gas used in fire extinguisher?
.neon .carbon dioxide .nitrogen ..dont remember 4th one!

27. In sub continent muslims started non cooperation movement to

.expel brtitishers .for independence & suppport khilafat issue in turkey .


28. Which one of the following cost would not be termed as Product Costs?
a)Indirect Material
b)Direct Labor
c)Administrative Salaries
d)Plant supervisor’s Salary


29. While calculating the finished goods ending inventory, what would be the formula
to calculate per unit cost?
e)Cost of goods sold / number of units sold
f)Cost of goods to be manufactured / number of units manufactured
g)Cost of goods manufactured / number of units manufactured
h)Total manufacturing cost / number of units manufactured

30. The main purpose of cost accounting is to:
a.Maximize profits.
b.Help in inventory valuation
c.Provide information to management for decision making
d.Aid in the fixation of selling price


31. There was a question like equal payment at now etc and the options were
1. Present value of annuity
2. Future value of annuity
3. Ordinary anuity
4 anuity due

32. 7. What is closed enonomy?
no import no export

33. maximizing earning after taxes...profit maximization..

34. EPS after tax profit divided by # of C.S shares



36. another was related to inventory ....A) option was EOQ dun remebr other 3 options

37. Who Wrote the book “ Our Freedom Fighter



38 Product before transportation?
.Company Offering .Supply chain .Marketing .( 01 option is missing)
39. Audit Standard & Procedure, are different where procedure is?
.Method of Work .Quality Criterion (dont remember other 2)

40. when by-product are involved in production, then how is treated the value of by-product. Is it deducted, added, added & deducted divided from the cost of goods sold of main product?
41. when prices are on the rise which method will report lower income?




42. One question was related to radioactivity reaction on uranium produces?
Thorium lead carbon graphite



43. When Price Fluctuates in market shareholder sell the stock in order to :

Diversify the risk
transfer the risk
share the risk

Correct answer is TRANSFER THE RISK

44. Job Enrichment is not A) b) c) d)

the correct option is TO ASSIGN MORE WORK


45. Statistical measure of risk for a security when it is in isolation, and when it is in set of market
correct option was: standard deviation, beta


46. Advancement in technology"


47. The concept of Surplus value is based upon

48. What is the part of cost accounting but not included in Profit & loss Account?
Ans is Work overhead
49. The five forces of marketing are?
ans. New entrants, threat of buyer, threat of supplier, substituites and Competetive rivalry
50. Audit standards are change from orgazniation to organization because of?
Options: Method of work. quality criterion (....................)

Congratz frends Question paper is completed now

[QUOTE=noorahmed;573983]
Question No49 & 50 Are Repeated ones!

[QUOTE=Noman Ali;573987]ooops, audit standard wala repeat hogaya. Five forces wala to nhn hai uper, knse no pe hai dear ?

50.When an organization deals with all type of factors or new things it is called?

Integrated Marketing
Relationship Marketing
Holistic Marketing
None of these.

[QUOTE=noorahmed;573992]


You are right I missed that

aik staff aur line position related b to mcq tha ?????
like who is not in line position ...options CEO etc something like that

@ Noor Ahmed

Brother How can you say that Work over head is the correct option. Direct Material can also be true? Although I myself encircled work-overhead but I am unable to recall the logic that I Applied at the time of answering this question in examination hall.