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ENTREPRENEURSHIP-CLASS XI

CODE-241506010122

TOPIC-BUSINESS FINANCE AND ARITHMETIC

SUB TOPIC- TYPES OF COST
Sl. No Questions Marks
1. The cost incurred by a company to produce, store and sell one 1

unit of sale of a particular product is referred to as .......

2. . ...... can be defined as individual item that a company sells. 1

3. 8. Unit of sale is different for different business. Keeping this in 1

mind, give the unit of sale for the following business.

(i) Real estate developer (ii) Baker

4. It is important to remember that fixed costs are fixed in...... 'and 1
not necessarily 'fixed in.....

5. Do not fall into the trap of classifying an expense in one or the 1

other category, without knowing which........ It refers to.

6. "Unit of sale' can be used as a tool of control. How? 2

7. Give four examples of fixed costs. 2

8. What do you mean by start-up cost? 3

9. Explain cost, expenses and expenditure. 3

10. Differences between 'fixed cost' and 'variable cost'. 4
11 Explain in detail the various types of cost. 6