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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 is 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. Budgeting and Responsibility Accounting Video

MCQs on Budgeting and Responsibility Accounting Quiz pdf Download

MCQ. Difference between budgeted amounts and actual results is 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 belongs to

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

A

MCQ. A manager, who is responsible for both cost and revenues belongs to department of

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

C

MCQ. Larger number of manager subordinates and higher level manager are termed 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