Chapter 1 Quiz

1. Which type of accounting focuses on jobs/projects, rather than on time periods?
   Financial Accounting
   Job Cost Accounting
   Managerial Accounting
   None of the Above

2. What business is most likely to use job costing?
   Car Dealership
   Radio Station
   Construction Company
   Fast Food

3. What types of expenses could a home builder have?
   Labor
   Equipment
   Subcontractors
   All of the Above

4. What is a benefit of tracking jobs individually?
   Keeping expenses under control.
   Improving profit.
   Finding which jobs are most profitable.
   All of the Above

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