Budgeting and Responsibility Accounting MCQs Quiz Online PDF Download

Learn budgeting and responsibility accounting MCQs, online MBA cost accounting test for distance education, online accounting courses prep. Practice budgeting and accounting multiple choice questions (MCQs), budgeting and responsibility accounting quiz questions and answers. GMAT test prep on budgeting and responsibility accounting tutorials for online bachelor degree courses distance learning.

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MCQs on Budgeting and Responsibility AccountingQuiz PDF Download

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 belong 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