Home » MCQs » Commerce MCQs » Cost Concept MCQs

Cost Classification is done in how many ways?

9. Cost Classification is done in how many ways?

1. One
2. Two
3. Three
4. Numerous

Answer: D) Numerous

Explanation:

Cost classification should be possible in more than one way. Cost grouping in financial matters could include classifications of fixed, variable, opportunity, creation and sunk costs. Then again, bookkeeping expenses can be named either immediate or aberrant for a business.