Cost Management Accounting Quiz
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Questions and Answers

What is the primary focus of cost management accounting?

  • Maximizing revenue and sales
  • Expanding market share
  • Improving customer satisfaction
  • Minimizing costs and maximizing efficiency (correct)

    • What is the main purpose of cost management accounting?

  • Forecasting future market trends
  • Providing information for decision-making and control (correct)
  • Managing human resources
  • Developing marketing strategies

    • Which type of costs are typically analyzed in cost management accounting?

  • Historical costs and future costs
  • Sunk costs and opportunity costs
  • Fixed costs and variable costs (correct)
  • Direct costs and indirect costs

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