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Budgeting and Accounting Multiple Choice Questions 1 PDF Download

Learn budgeting and accounting multiple choice questions (MCQs), cost accounting test 1 for online exams. Practice budgeting and responsibility accounting MCQs questions and answers on budgeting and responsibility accounting with answers. Free budgeting and accounting quiz, online study guide has helping answer key with choices as variances, standard deviation, mean average and weighted average of multiple choice questions as difference between budgeted amounts and actual results is classified as to test learning skills for viva exam preparation and job's interview questions. Study to learn budgeting and responsibility accounting quiz questions with online learning MCQs for competitive exam preparation test. Budgeting and Responsibility Accounting Video

MCQ on Budgeting and Accounting Quiz PDF Download Test 1

MCQ. The difference between the budgeted amounts and the 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 the cost of the company belongs to

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

A

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

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

C

MCQ. The larger number of manager subordinates and the 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 the company effort
  2. action plan
  3. action accountability
  4. project accountability

A