Please answer the following questions. (PLEASE IF YOU ARE NOT GONNA ANSWER THEM ALL, DO NOT ANSWER AND LET SOMEONE ELSE TO DO IT)

1. Chose the best statement regarding cost assignment a. by far the best method to use is job costing b. just-in-time costing is a method developed in Korea by W Edwards Deming c. activity-based costing was developed to address a certain shortcoming in the traditional approaches to assigning a cost to products d. activity-based costing was developed to address the truism that every job will at some point absorb a component of variables costs

2. quality cost fall into which categories a. prevention, appraisal and failure b. prevention, detection, correction c. rework, retest, rebuild d. planning, assurance, verification, audit 3. Which of the following is false: a. as the interest paid on debt capital is tax deductible b. the use of equity capital should lead to higher earnings per share and return on equity c. the use of debt finance increases financial risk as the company has increased firm commitments to pay interest and repay loans d. equity capital involves issuing ordinary and preference shares 4. regarding cost control, which of the following statements is correct: a. control of raw materials cost is exercised at the point the purchase or raw materials is made. b. an important method of achieving cost control is to implement standardisation is costing just as the open costing method. c. implementing a cost control programme allows people within the firm to foster a sense of cost consciousness. d. all of the statements are true 5. which of the following is not a cause of direct materials price variance: a. discounts received from the supplier b. inefficient or unreliable suppliers c. transportation d. frequent changes in product design 6. which of the following best describes corporate governance: a. corporate governance is a waste of time b. corporate governance is defined as appropriate disclosure to stakeholders c. governance of a company is the responsibility of management d. the best way to achieve good corporate governance is to ensure the board is compromised entirely of executive directors 7. Out of the following statements that relate to long.term financing. choose the correct one: a. debt capital and its use are termed gearing and are a way that firms can reduce their financial risk b. equity capital and its use are less expensive than debt equity c. firms must choose between debt and equity in order to raise funds d. debt and equity are equally attractive as sources of founding