Correct Answer:
B. Social costs and social benefits of the project
It is used to decide whether a project is worth undertaking.
November 13, 2026 · Accounting and Finance MCQs, Public Finance & Budgeting MCQs
Cost-benefit analysis of public projects compares:
Related MCQs
An audit committee is mainly responsible for:
A.
Preparing the financial statements
B.
Setting the audit fees without any approval
C.
Selling the company's assets
D.
Overseeing financial reporting, internal control and the audit process on behalf of the board
Correct answer is:
D. Overseeing financial reporting, internal control and the audit process on behalf of the board
Do you agree with this answer?
A just-in-time (JIT) system aims to:
A.
Keep large safety stocks
B.
Reduce inventory by producing or buying only when needed
C.
Produce in large batches for future demand
D.
Increase the number of suppliers
Correct answer is:
B. Reduce inventory by producing or buying only when needed
Do you agree with this answer?
Under the direct write-off method, when a specific receivable is written off as bad:
A.
Accounts receivable is debited and sales is credited
B.
Cash is debited and receivables is credited
C.
Bad debt expense is debited and accounts receivable is credited
D.
Allowance for doubtful debts is debited and cash is credited
Correct answer is:
C. Bad debt expense is debited and accounts receivable is credited
Do you agree with this answer?
The matching principle requires that:
A.
Expenses are recorded in the same period as the revenues they helped to earn
B.
Debits equal credits
C.
Assets equal liabilities
D.
Revenues are recorded when cash is received
Correct answer is:
A. Expenses are recorded in the same period as the revenues they helped to earn
Do you agree with this answer?
Bank charges shown on the bank statement but not yet recorded in the cash book should be:
A.
Deducted from the cash book balance
B.
Added to the cash book balance
C.
Deducted from the bank statement balance
D.
Ignored until next year
Correct answer is:
A. Deducted from the cash book balance
Do you agree with this answer?
The Mexico Declaration on SAI Independence emphasizes:
A.
Independence of central banks
B.
Independence of courts only
C.
Independence of political parties
D.
Independence of Supreme Audit Institutions
Correct answer is:
D. Independence of Supreme Audit Institutions
Do you agree with this answer?
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