Multiple choice

Cost Audit is not necessary for units engaged in

  1. manufacturing

  2. mining

  3. processing

  4. contracting
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost audits are typically mandated for industries involved in production, processing, manufacturing, or mining to monitor resource efficiency. Contracting businesses usually focus on individual project accounting rather than the systemic cost auditing required by statute for mass production.

Keep practicing — related questions