بنك د/محمد شحاته

1. Cost Accounting Definition

• A. is the science of analyzing costs.

• B. is the science of recording costs.

• C. is the science of recording, classifying, and summarizing costs.

• D. is the science of recording, classifying, summarizing, and analyzing costs.

2. Purposes of cost accounting

• A. Two Purposes

• B. Three Purposes

• C. Four Purposes

• D. Five Purposes

3. Purposes of cost accounting

• A. Cost control- Cost computation- Cost growth

• B. Cost control- Cost computation- Cost input

• C. Cost control- Cost computation- Cost output

• D. Cost control- Cost computation- Cost reduction

4. Price is set by the forces of supply and demand

• A. Accountants view

• B. Economist view

• C. Customer view

• D. Marketer view

5. Price should cover costs so that a profit can be made

• A. Accountants view

• B. Economist view

• C. Customer view

• D. Marketer view

6. Price has to represent good value

• A. Accountants view

• B. Economist view

• C. Customer view

• D. Marketer view

7. Pricing is an opportunity to gain a competitive advantage

• A. Accountants view

• B. Economist view

• C. Customer view

• D. Marketer view

8. Pricing objectives are

• A. Financial

• B. Marketing

• C. Financial, Marketing

• D. Accounting

9. One of the financial pricing objectives.

• A. Maximum profit

• B. Improve market share

• C. prevent competition

• D. Build a brand

10. One of the financial pricing objectives.

• A. Improve market share

• B. Achieve a target rate of return

• C. prevent competition

• D. Build a brand