BECO Post Course Assessment Practice Test 2025 - Free Post Course Assessment Practice Questions and Study Guide

Question: 1 / 400

Which profession would normally calculate larger costs?

Accountant

Economist

The profession that typically calculates larger costs is an economist. Economists often analyze broader economic trends and may work on large-scale cost assessments relevant to national or global economies. Their work involves forecasting, analyzing the impact of economic policies, and studying market dynamics, which inherently involves larger financial figures compared to those commonly handled in other professions.

In contrast, accountants generally focus on the financial records of specific organizations or individuals and deal with transactions that are often more granular. Financial analysts typically assess investments and individual assets, which may involve smaller costs on a more direct level. Managers may oversee budgeting and resource allocation within a company, which can encompass various costs, but usually do so within the constraints of their specific organizational context. Therefore, the scope of work done by economists aligns more with the calculation of larger costs due to the often extensive nature of economic analysis and the implications of their work.

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Financial Analyst

Manager

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