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Budgeting and Accounting Multiple Choice Questions Test 1 Tests pdf Download

Practice budgeting and accounting multiple choice questions (MCQs), cost accounting test 1 online to learn. 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 answer key with choices as variances, standard deviation, mean average and weighted average of multiple choice questions (MCQ) as difference between budgeted amounts and actual results is classified as to test learning skills. Study to learn budgeting and responsibility accounting quiz questions to practice MCQ based online exam preparation test. Budgeting and Responsibility Accounting Video

MCQ on Budgeting and Accounting Quiz pdf Download Test 1

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