The balancing of all aspects of products or services and all the departments in the company are classified as ____________?
A. annual profit plan B. budgeting C. coordination D. complex plan
Accounting MCQs with Answers
If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?
A. 11000 units B. 13000 units C. 10000 units D. 7000 units
The cash sales, accounts receivables and rental receipts all are known as ___________?
A. cash receipts B. budget receipts C. goods manufactured D. total goods sold
The centers such as revenue, cost, investment and profit all are known as ___________?
A. marketing center B. financial center C. responsibility center D. planning center
The schedule of expected disbursements and cash receipts is considered as __________?
A. planned schedule B. cash budget C. market budget D. price schedule
The factor which provides hedge to managers in adverse and unexpected circumstances is known as __________?
A. budgetary slack B. costly slack C. influential slack D. target slack
The first step in developing an operating budget is to ___________?
A. identify the product B. identify the problem C. identify the quartiles D. identify the percentiles
The continuous budget is also known as ________?
A. rolling budget B. pin budget C. specific budget D. past budget
The fourth step in development of operating budget is to __________?
A. choose alternatives B. evaluate alternatives C. efficiency improvements D. predicted improvements
The model which refers possibility for management to conduct sensitivity analysis can be categorized under __________?
A. investment planning models B. financial planning models C. cost planning models D. revenues forecast models