(3 marks Anwer ALL gRestions Section A: Multiple Choice Ouestions (Pleaue cicle the most appropriate answer) a measures the costs off acquiring or using reiouces in an organization measures the financial and nontinancialintormation that helps managers make decisions to fulfi the goals of an organization c coordinates product design, production, and marketing decisions and evaluate a company's performance d communicates information to investors, banks, regulators, and other outside parties 1 Cost accounting 2- Classilying a cost as either direct or indirect depends upon a the behavior of the cost in response to volume changes bwhether the cost is expensed in the period in which it is incurred c whether the cost can be easily identified with the cost object d whether an expenditure is avoidable or not in the future 3 Management accounting a. focuses on estimating future revenues, costs and other measures to forecast activities and their results h provides information about the company as a whole c reports information that has occurred in the past that is verifiable and reliable d. provides information that is generally available only on a quarterly or annual basis 4 Fahed owns a small body shop. His major costs include labor, parts, and rent. In the decision-making process, these costs are considered to be: a fixed b qualitative factors C quantitative factors d. variable 5) Cost behavior refers to: a) how costs react to a change in the level of activity b) whether a cost is incurred in a manufacturing, merchandising, c) classifying costs as either inventoriable or period costs. d) whether a particular expense has been ethically incurred or service company 6) Cost-volume-profit analysis assumes all EXCEPT a) all costs are variable or foxed b) units manufactured equal units sold. c) total variable costs remain the same over the relevant range. d) total fixed costs remain the same over the relevant range