Foundation Fundamentals of Business Laws and Communication Quiz
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Questions and Answers

What year was the Institute of Cost Accountants of India established?

  • 1980
  • 1972
  • 1959 (correct)
  • 1965
  • What is the main obligation of the Institute of Cost Accountants of India?

  • Conducting market research
  • Regulating the profession of Cost and Management Accountancy (correct)
  • Offering financial consulting services
  • Providing legal services to businesses
  • What specialized knowledge do the professionals of the Institute possess?

  • Legal expertise and compliance management
  • Evaluating operating efficiency and strategic management (correct)
  • Financial forecasting and risk management
  • Tax planning and audit preparation
  • What vision does the Institute of Cost Accountants of India pursue?

    <p>Cost competitiveness and structured approach to cost accounting</p> Signup and view all the answers

    What does the Institute of Cost Accountants of India consider as key drivers of the profession?

    <p>Cost competitiveness and cost management</p> Signup and view all the answers

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