
MIDTERM PCC 2024
Authored by Drs. M.M
Other
University
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16 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The main goal of cost control is to eliminate …..
Profit
Benefit
Excessive Cost
Time
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
There are 4 phases in Cost Management System, except...
Cost Product
Cost Budgeting
Cost Estimating
Cost Control
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The standards are usually set by the management which are useful in judging the extent to which results meet the expectations , except …..
Quantity
Price
Quality
Cost
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
what are the main differences between Standards and Procedures?
Standards are a results
Standards are a process
Procedures are a results
All answers are correct
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
VR = VC/S, is the formula for finding .....
Variable Cost
Break Even Point
Fixed Cost
Variable Rate
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The following is the operating flow for Food Purchasing Control, except....
Issuing
Equipping
Storing
Receiving
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Don’t find Customers for your ………, find products for your ……..
Prices, Customers
Products, Convenience
Products, Customers
Costs, Customers
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