(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Studies

Which of the following statement is true in the context of customer?

"They assume greater risk of loss of capital," this is degree of risk estimated by ______.

"They are the members of the company, having voting rights also", who are they?

Which is least likely to be a stakeholder in an organisation?

Which of the following statement is true?

Distinguish between a shareholder and a creditor.

Distinguish between shareholders and customers.

Give any five points of difference between stakeholders and customers of a company.

Indirect material scrap is adjusted along with ______.

Overheads are often related to accounting concepts such as fixed cost and ______ cost.

Variable cost is a cost that ______.

Total variable cost per unit increases ______.

The cost remains same at all levels of output is called ______ cost.

Which cost decreases with increase in the volume of output?

Which of the following cost is time based?

It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.

Which definition best describes indirect costs?

Wages paid to a labour who was engaged in the production activities can be termed as ______.

Which of the following best describes a fixed cost?

Fixed cost is a cost which remains same at ______.