Which One of the Following Statements About Cost and Management

Multiple Choice

Which one of the following statements about cost and management accounting is accurate?

A) 'Cost accounting' is an old-fashioned term that has now been replaced by 'management accounting'.
B) The use of cost and management accounting information is restricted to very large business organizations.
C) There is a considerable overlap between the terms 'cost accounting' and 'management accounting'.
D) Cost and management accounting used by the HMRC as a basis for the calculation of corporation tax.