Which of These Is a Defence of Current Cost Accounting

question 32

Multiple Choice

Which of these is a defence of current cost accounting?

• A)It is the most objective of the proposed accounting methods
• B)Relevant current events of the accounting period should be accounted for to maintain the usefulness of accounting information for decision-making
• C)It specifically recognises future technological changes in profit determination
• D)All of the above are defences

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Definitions:

Genetic Factors

The hereditary elements that contribute to the development of traits, behaviors, and conditions, including both the influence of individual genes and complex interactions among multiple genes.

Environmental Influence

Factors external to the individual, such as social, cultural, and physical environments, that impact behaviors, attitudes, and development.

Intelligence

The ability to acquire knowledge, think abstractly, understand complex ideas, learn from experience, adapt to new situations, and solve problems.

Cultural Disadvantages

Situations where certain populations or individuals face social, economic, or educational challenges due to cultural background or perceptions.