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                                                                 EXECUTIVE PROGRAMME
                                                   COST AND MANAGEMENT ACCOUNTIN
                                                                       SAMPLE TEST PAPER
                                            (This test paper is for practice and self study on ly and not to be se
                      Time allowed: 3 hours
                         [Attempt all questions. Each question carries 1 mark. There is no negative mark
                      Q.1. Which of these is not an objective of Cost Accounting?
                            (a) Ascertainment of Cost
                            (b) Determination of Selling Price
                            (c) Cost Control and Cost reduction
                            (d) Assisting Shareholders in decision making
                      Q.2. A profit centre is a centre
                            (a) Where the manager has the responsibility of generating and maximising
                            (b) Which is concerned with earning an adequate Return on Investment
                            (c) Both of the above
                            (d) Which manages cost
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