Correct Answer:
A. Custom-made products such as construction projects or printing orders
Job costing collects costs for each distinct job or batch.
November 13, 2026 · Accounting and Finance MCQs, Cost & Management Accounting MCQs
Job order costing is most suitable for:
Related MCQs
Zero-based budgeting (ZBB) requires that:
A.
Last year's budget be increased by inflation
B.
Every expenditure be justified from zero in each budget cycle
C.
Budgets be zero in the first year
D.
No deficit be allowed
Correct answer is:
B. Every expenditure be justified from zero in each budget cycle
Do you agree with this answer?
According to Musgrave, the three functions of government in public finance are:
A.
Taxation, borrowing and lending
B.
Allocation, distribution and stabilization
C.
Defense, health and education
D.
Revenue, expenditure and debt
Correct answer is:
B. Allocation, distribution and stabilization
Do you agree with this answer?
Who has primary responsibility for the prevention and detection of fraud?
A.
The external auditor only
B.
The shareholders only
C.
The tax authority
D.
Management and those charged with governance
Correct answer is:
D. Management and those charged with governance
Do you agree with this answer?
The going concern assumption means that the entity:
A.
Is about to be liquidated
B.
Will continue in operation for the foreseeable future
C.
Has no debts
D.
Will earn a profit every year
Correct answer is:
B. Will continue in operation for the foreseeable future
Do you agree with this answer?
Regularity audit in the public sector comprises:
A.
Performance audit only
B.
Financial audit and compliance audit
C.
Tax audit only
D.
Environmental audit only
Correct answer is:
B. Financial audit and compliance audit
Do you agree with this answer?
The three Es of performance auditing are:
A.
Economy, efficiency and effectiveness
B.
Equity, ethics and elections
C.
Estimates, expenses and earnings
D.
Education, employment and environment
Correct answer is:
A. Economy, efficiency and effectiveness
Do you agree with this answer?
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