Accounting Multiple Choice Question – 20 October 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Which cost is described by the following?

‘Costs which should be achieved under efficient conditions, but allowing for normal wastage’.

Select ONE answer:

  1. basic standard
  2. currently attainable standard
  3. flexible standard
  4. ideal standard

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

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