The system which measures the budget, action and plan of each responsibility center is known as ___________?
A. budgeted accounting B. action accounting C. planned accounting D. responsibility accounting
Accounting MCQs with Answers
The significant feature of Kaizen Budgeting is __________?
A. employee suggestion B. customer suggestion C. cost suggestion D. price suggestion
The manager who is responsible only for the revenues of the company can be categorized under the ___________?
A. profit center B. investment center C. cost center D. revenue center
Which of the following is an example of revenue center?
A. sales department B. investing center C. marketing department D. segment department
The use of variables to signal whether the strategies are effective or ineffective is classified as _________?
A. evaluating strategy B. performing strategy C. warned strategy D. weighted strategy
The larger number of manager subordinates and the higher level manager are termed as _________?
A. activity subordinates B. broader responsibility center C. broader subordinates D. activity ordinates
A manager who is responsible for only the cost of the company belongs to __________?
A. cost center B. revenue center C. profit center D. investment center
A manager, who is responsible for the both cost and revenues belong to the department of
A. cost center B. revenue center C. profit center D. investment center
The difference between the budgeted amounts and the actual results is classified as __________?
A. standard deviation B. variances C. mean average D. weighted average
The managers using capacity planning do not make ___________
A. pricing decisions B. marketing decisions C. financial decisions D. cost budgeting decisions