ECA QUIZ

ECA QUIZ

University

14 Qs

quiz-placeholder

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ECA QUIZ

ECA QUIZ

Assessment

Quiz

Business

University

Hard

Created by

Mohammed Fazil Pasha

Used 3+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a cost sheet?

Monitoring employee performance

Tracking inventory turnover

Revealing total cost and cost per unit of goods produced

Analyzing market trends

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which interval is commonly used for preparing a cost sheet?

Hourly

Monthly

Yearly

Randomly

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What information does a cost sheet disclose?

Customer preferences

Breakup of total cost into different elements

Employee salaries

Market competition analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Cost Accountancy encompass in a business context?

Product advertising techniques

Principles, conventions, techniques, and systems in business planning

Employee training programs

Market research strategies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which objective is a key focus of Cost Accounting?

Boosting employee satisfaction

Determining market trends

Guiding business policy

Forecasting consumer behavior

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement accurately describes a characteristic of Financial Accounting?

Emphasizes cost control and reduction

Not compulsory for all companies

Provides detailed cost and profit figures for individual products

Focuses on uniform reporting

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a distinctive feature of Cost Accounting compared to Financial Accounting?

Emphasizes uniform reporting

Shows figures of cost for individual products and processes

Compulsory for all companies

Conducted annually

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