Budgeting and Responsibility Accounting Multiple Choice Questions (MCQ) PDF Download

MCQ 1: The difference between the budgeted amounts and the actual results is classified as

1. standard deviation
2. variances
3. mean average
4. weighted average

MCQ 2: 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

MCQ 3: A manager, who is responsible for the both cost and revenues belong to the department of

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

MCQ 4: 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

MCQ 5: 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