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Quiz on Accounting Concepts PDF Download eBook
MCQ: The higher and accurate budgeted profit forecast of managers lead to
- high incentive bonus
- low incentive bonus
- influence bonus
- revenue bonus
A
MCQ: The forgone contribution of resources, into the revenues because of not using the resources, in next best use is classified as
- in-source cost
- opportunity cost
- offshore cost
- outsource cost
B
MCQ: The starting point in the operating budget is
- cost budget
- material list
- revenue budget
- list of investors
C
MCQ: The executive salaries, rent and other general administration cost in corporate costs are classified under
- human resource management costs
- corporate administration costs
- treasury costs
- discretionary costs
B
MCQ: The costs are classified as fixed or variable on the basis of
- specific activity
- given time period
- common activity
- both a and b
D