TEST SELECTIVIDAD 104.- Created by Antonio Ginés

Please indicate which of the following statements is correct:
1. In the long term all costs become variables
2. Variable costs aren't proportional to the level of production
3. Fixed costs remain constant in the long term
Indirect costs:
1. They can be specifically assigned to each product
2. They need to use allocation criteria
3. They are those who aren't paid
The monetary value of the factor used or consumed to obtain a certain production of goods or services is called:
1. Payment
2. Cost
3. Spending
The increase in costs due to increased production by one unit is called:
1. Average total cost
2. Average variable cost
3. Marginal cost
If the sales volume of a company is above its breakeven point:
1. Variable cost per unit is greater that price
2. The company has losses
3. Total costs are less that total revenue
What is the cost that the company incurs when it can't meet a customer's order due to lack of product called?
1. Stock rupture cost
2. Inventory maintenance cost
3. Order cost
The production function relates:
1. The value of the production with the cost of the same
2. The performance of a productive factor in relation to the production obtained
3. The resources used in production with the total product achieved by the production system
When is the classification of direct and indirect costs usually called?
1. When we want to make a classification based on the quantity of product manufactured
2. When the company manufactures several products and it isn't easy to assign the associated costs to each type of product
3. Only in those companies whose activity is industrial
Direct costs:
1. They are those that the company incurs in order to produce the first unit of product
2. They only exist in the long term because in the short term all cost are indirect
3. They are attributable to the product without the need to use a distribution key or allocation criteria
Using the production function:
1. Added value or wealth is generated for the company
2. The financial resources of the company are managed
3. The company environment is polluted
The production function:
1. It's only applicable to service companies
2. Relate the quantity produced with the factors of production used
3. Represents the demand of the company
The negative externalities of the company ___
1. They don't exist. It's a concept invented by environmentalists
2. They represent a cost for society when they aren't assumed by the company
3. They refer to defective products that the company manufactures and that they have to sell bellow their cost price
Fixed costs:
1. In all cases, they are directly attributable to the products manufactured without the need to use a distribution key or allocation criteria
2. They are the same for all companies
3. The don't depend on the level of production
The productivity:
1. It can be calculated individually for each of the production factors or globally for all of them
2. It's a measure of an exclusively financial nature, since the inputs considered are always measured in monetary units
3. For a given level of production, it's higher as the consumption of productive factors increases
We understand by unit fixed cost:
1. The average cost multiplied by the number of units produced
2. The fixed cost divided by the number of units produced
3. The total cost minus the fixed cost divided by the number of units produced
If the sales volume of a company is above its breakeven point:
1. The company has losses
2. Total costs are less that total revenue
3. The variable cost per unit produced is greater than the price
Productivity is a measure of:
1. Effectiveness
2. Profitability
3. Efficiency
The productivity:
1. It can be calculated individually for each of the production factors of globally for all of them
2. It's an exclusively financial measure, since the inputs considered are measured in monetary units
3. For a given level of production, it's higher as the consumption of productive factors increases
The efficiency of a production process measures:
1. The maximum quantity of product with the minimum employment or workers
2. The maximum amount of product with the minimum use of resources
3. The maximum quantity of product that satisfies the demand for it
The production breakeven point:
1. Only takes variable costs into account
2. Seeks that the breakeven point increases
3. Helps to decide, based on costs, whether the best to manufacture in-house or to buy from a supplier
The salary of a manager of the company is:
1. An indirect and generally fixed cost
2. A direct and generally variable cost
3. A direct and generally fixed cost
Please indicate the correct answers:
1. Productivity increases when the value of production increases in equal proportion to the cost of the factors used
2. Productivity increases when the value of production decreases to a lesser extent than the cost of the factors used decreases
3. An increase in production is always associated with an increase in productivity
Please indicate which of the following is correct:
1. The rent of the premises is a variale cost as is the purchase of office supplies
2. The rent of the premises is a fixed cost as is the purchase of office supplies
3. The rent of the premises is a fixed cost and the purchase of office supplies is variable
Variable costs:
1. They depend on the volume of production
2. They don't exist in industrial companies
3. They only exist in the short term, because in the long term all costs are fixed
What type of production do the activities of blast furnaces, hospitals or power plants belong to?
1. Manual production
2. Continuous production
3. Intermittent production
The increase or decrease in the overall productivity of a company in one period with repect to another, expressed as a percentage, is called:
1. TVPG (Variation Rate of Global Productivity)
2. Marketing-Mix
3. NPV (Net Updated Value)