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Budgets and Budgeting Cycle Quiz Questions and Answers PDF Download eBook

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Quiz on Budgets & Budgeting Cycle PDF Download eBook

Budgets and Budgeting Cycle Quiz

MCQ: The balancing of all aspects of products or services and all the departments in the company are classified as

  1. annual profit plan
  2. budgeting
  3. coordination
  4. complex plan

C

Irrelevant Joint Costs: Decision Making Quiz

MCQ: An expected future cost which diverges in unconventional course of action is known as

  1. partial cost
  2. total cost
  3. irrelevant cost
  4. relevant cost

D

Cost Based Pricing Quiz

MCQ: In cost-plus pricing, the 'plus' refers to a component named as

  1. off shore cost
  2. markup
  3. sunk cost
  4. outsource cost

B

Economic Value Added Quiz

MCQ: The total available assets are subtracted from idle assets to calculate

  1. market equity
  2. total assets employed
  3. total assets available
  4. stockholders' equity

B

Allocating Costs: Multiple Support Departments Quiz

MCQ: The method which allocates the cost of support department to only operating departments is called

  1. indirect method
  2. direct method
  3. step down method
  4. reciprocal method

B