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Budgeting and Responsibility Accounting MCQs Quiz Online Tests pdf Download

Practice MCQs on budgeting and responsibility accounting, accounting MCQs for online test prep. Budgeting and accounting quiz has multiple choice questions (MCQ), budgeting and responsibility accounting quiz questions and answers as difference between budgeted amounts and actual results are classified as, answer key with choices as standard deviation, variances, mean average and weighted average for competitive exam prep. Free study guide is to learn budgeting and responsibility accounting quiz online with MCQs to practice test questions with answers.

MCQs on Budgeting and Responsibility Accounting Quiz pdf Download

MCQ. Difference between budgeted amounts and actual results are classified as

  1. standard deviation
  2. variances
  3. mean average
  4. weighted average

B

MCQ. A manager who is responsible for only cost of company is classified as

  1. cost center
  2. revenue center
  3. profit center
  4. investment center

A

MCQ. A manager who is responsible for both cost and revenues is called

  1. cost center
  2. revenue center
  3. profit center
  4. investment center

C

MCQ. Larger number of manager subordinates and higher leveled manager are classified as

  1. activity subordinates
  2. broader responsibility center
  3. broader subordinates
  4. activity ordinates

B

MCQ. An assignment of task for managers who are accountable for their actions in controlling and budgeting of resources is classified as

  1. coordinating company effort
  2. action plan
  3. action accountability
  4. project accountability

A


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