Which of the Following Best Describes Cost Accounting

question 59

Multiple Choice

Which of the following best describes cost accounting?

• A) cost accounting serves the needs of both financial and managerial accounting.
• B) managerial accounting is a subset of cost accounting.
• C) financial accounting is a subset of cost accounting.
• D)cost accounting is an alternative to both financial and managerial accounting.

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Definitions:

Self-Efficacy

A belief in one's ability to succeed in specific situations or accomplish a task.

Training Motivation

The drive and eagerness of individuals to participate in training programs, influenced by factors such as personal interests and perceived relevance.

Person Analysis

A process used in organizational training and development to identify the individual needs of employees, determining who needs training and what kind of training is necessary.

Skill Deficiency

The lack of necessary skills to perform tasks or jobs adequately.