The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as ____________?

Related Mcqs:

1. The balanced scorecard perspective focuses on all the operations, and it leads to value creation process for customers, can be categorized as ___________?

   A. learning perspective
   B. financial perspective
   C. internal business process perspective
   D. customer perspective

2. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?

   A. external accounting
   B. internal accounting
   C. business accounting
   D. financial accounting

3. The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called _____________?

   A. financial accounting
   B. management accounting
   C. cost accounting
   D. decision accounting

4. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

   A. partial inventory costing method
   B. current period inventory method
   C. Last-in, first-out method
   D. First-in, first-out method

5. An availability of financial information, to oversee operations and system of accounting is known as ____________?

   A. manager ship
   B. controllership
   C. proprietorship
   D. functional line

6. The type of accounting which reports to external parties of the organization is known as ____________?

   A. cost accounting
   B. decision accounting
   C. financial accounting
   D. management accounting

7. The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as ____________?

   A. material accounting
   B. cost accounting
   C. supplies accounting
   D. business accounting

8. In manufacturing companies, the revenue and cost drivers are categorized under ____________?

   A. variable costs
   B. costs of goods sold
   C. number of units sold
   D. all of above

9. If the input used in manufacturing is smaller in quantity and output produced is greater in quantity, this will be categorized under ____________?

   A. lesser effective
   B. greater efficiency
   C. smaller efficiency
   D. greater effective

10. An amount of spoilage that is not natural in a specific production process is categorized as ____________?

    A. normal scrap
    B. normal spoilage
    C. abnormal spoilage
    D. weighted spoilage