Management accounting is specifically a ________ function.
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The following are advantages of cost accounting to government except __________
A. It helps in assessing excise duty, sales tax and income tax of the business.
B. It helps government in formulating policies regarding export
C. providing better facilities it ensures job security to employees
D. Costing information helps in preparing national plans.
Answer: C
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The following are some essentials of an ideal cost accounting system except ________
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The following are some of the decisions based on costing except _________
A. stock valuation
B. make or buy decision
C. manufacturing by mechanization or automation
D. whether to close or continue operation in spite of losses
Answer: A
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Cost accounts provide the value of closing stock at frequent intervals by adopting a ________ system.
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________ enable the management in knowing the operating efficiency of a business.
A. Efficiency technique
B. Business technique
C. Control technique
D. Management technique
Answer: C
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Expenses which are not capable of direct allocation are _________
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Items of expenses which are capable of being charged directly to the products manufactured are _________
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Cost accounting assists with management functioning while management accounting is concerned with management_________
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________ is the measurement of the cost and value of people for the organization
A. People accounting
B. Management accounting
C. Human resources accounting
D. Cost accounting
Answer: C
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