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MIDTERM PCC 2024

Authored by Drs. M.M

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MIDTERM PCC 2024
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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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