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Business English Exercises
 

Cost Accounting

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Home > Teaching Business English > Business English Lessons, Advanced Level # 70
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Management or cost accounting systems are part of a company's information system and are used for tracking costs and allocations to judge operational efficiency.

Correct answer: (c) Management

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This is an internal accounting system, rather than one for outside reporting.

Correct answer: (d) internal

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There are no fixed rules governing how a company should keep track of cash flows for cost accounting purposes.

Correct answer: (b) fixed

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501 Business English Exercises — Printable, photocopiable.
For use in a classroom, at home, on your PC or anywhere.

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Capital budgeting is a form of forecasted cost accounting for long-term projects or expenditures.

Correct answer: (a) Capital

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Cost accounting applications are major financial drivers in everyday corporate decision-making.

Correct answer: (b) drivers

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Cost accounting is important for estimating the profitability of current and future activities.

Correct answer: (b) profitability

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When good cost accounting procedures are implemented, the company may find out that they have been producing a non-profitable product or service.

Correct answer: (c) implemented

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Cost accounting motivates managers toward company goals.

Correct answer: (d) motivates

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It also measures the performance of managers and departments in the company.

Correct answer: (c) performance

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Variable costs change in proportion to the level of production activity, while fixed costs remain unchanged.

Correct answer: (c) Variable

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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