Internal Controls Accounting Questions and Answers PDF Download eBook
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Trivia Quiz on Internal Controls Accounting PDF Download eBook
MCQ: The budgeted income statement and the supporting budget schedules are categorized under
- focused statement
- slack statement
- budgeted income statement
- operating budget
D
MCQ: The fixed cost, and the contribution margin percentage for the bundle are divided to calculate
- breakeven costs
- breakeven revenues
- breakeven units
- breakeven sales
B
MCQ: An example of financial perspective in balanced scorecard is
- employee turnover rates
- operating capabilities and number of patents
- operating income and revenue growth
- customer satisfaction and market share
C
MCQ: The difference between actual input variance and the budgeted input variance is called
- price variance
- actual output price
- budgeted output price
- actual selling price
A
MCQ: The residual term is also considered as
- error term
- disturbance term
- relevant term
- both a and b
D