Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
........ or cost accounting systems are part of a company's information system and are used for tracking costs and allocations to judge operational efficiency.
A -
Corporate
B -
Domestic
C -
Management
D -
Monitoring
2-
This is an ......... accounting system, rather than one for outside reporting.
A -
inner
B -
inside
C -
interior
D -
internal
3-
There are no ......... rules governing how a company should keep track of cash flows for cost accounting purposes.
A -
amended
B -
fixed
C -
required
D -
restricted
4-
......... budgeting is a form of forecasted cost accounting for long-term projects or expenditures.
A -
Capital
B -
Major
C -
Overhead
D -
Terminal
5-
Cost accounting applications are major financial ......... in everyday corporate decision-making.
A -
distractors
B -
drivers
C -
fetters
D -
operators
6-
Cost accounting is important for estimating the ......... of current and future activities.
A -
foreseeability
B -
profitability
C -
sensibility
D -
variability
7-
When good cost accounting procedures are ........., the company may find out that they have been producing a non-profitable product or service.
A -
contracted
B -
discarded
C -
implemented
D -
suggested
8-
Cost accounting ......... managers toward company goals.
A -
aggravates
B -
gravitates
C -
insulates
D -
motivates
9-
It also measures the ......... of managers and departments in the company.
A -
acceleration
B -
doings
C -
performance
D -
seniority
10-
......... costs change in proportion to the level of production activity, while fixed costs remain unchanged.