81. Budgetary control system acts as a friend, philosopher and guide to the ___
A. Management
B. Share holders
C. Creditors
D. Employees
Answer
A. Management
82. Budgetary control facilitates easy introduction of the ___
A. Marginal costing
B. Ratio analysis
C. Standa
D. costing D) Subjective matter
Answer
C. Standa
83. Key factor is also known as ___
A. Limiting factor
B. Governing factor
C. Principal factor
D. All
Answer
D. All
84. The responsibility accounting stresses on ___
A. Decentralization
B. Centralization
C. Both (a) & (b)
D. None of these
Answer
A. Decentralization
85. In responsibility accounting system ___
A. Budgets are prepared
B. Actual performance is recorded
C. The performance is report
D. D) All of the above
Answer
D. D) All of the above
86. The responsibility accounting emphasizes the performance of ___
A. System
B. Men
C. Both
D. None of these
Answer
B. Men
87. The responsibility accounting is also called ___
A. Profitability accounting
B. Activity accounting
C. Both
D. None of these
Answer
C. Both
88. The responsibility accounting is the part of ___
A. Financial accounting
B. Management accounting
C. Mechaniz
D. accounting D) none of these
Answer
B. Management accounting
89. The responsibility accounting is a controlling tool for ___
A. Top-level management
B. Lower level management
C. Middle level management
D. none of these
Answer
A. Top-level management
90. The accounting department in an organization is ___
A. Investment centre
B. Expense centre
C. Profit centre
D. All of the above
Answer
A. Investment centre
91. The responsibility accounting is a system by which the responsibility is assigned to theconcerned persons ___
A. To increase sales
B. To control cash
C. To increase production
D. All of the above
Answer
B. To control cash
92. According to responsibility accounting, the entire organization is divided into various ___
A. Business centre
B. Profit centre
C. Responsibility centre
D. none of these
Answer
C. Responsibility centre
93. In responsibility centre, the output is called as ___
A. Revenue
B. Costs
C. Both
D. None
Answer
A. Revenue
94. If the responsibility centre gets more revenue from output, then it is called ___
A. Investment centre
B. Cost centre
C. Profit centre
D. Expense centre
Answer
C. Profit centre
95. Internal transfer of process at profit ___ of the company
A. Will not increase the asset
B. Will increase the asset
C. Can’t say
D. Inadequate information
Answer
A. Will not increase the asset
96. The determination of actual value of assets employed in a responsibility centre is ___
A. Easy
B. Can’t determine
C. Difficult
D. Not necessary
Answer
C. Difficult
97. Flexible manufacturing systems (FMS) are reported to have a number of benefits. Which isNOT a reported benefit of FMS?
A. Lead time and throughput time reduction
B. Increased quality
C. More flexible than the manufacturing systems they replace
D. Increased utilisation
Answer
C. More flexible than the manufacturing systems they replace
98. The use of Internet-based technology, either to support existing business processes or tocreate entirely new business opportunities, has become known as what?
A. E-globalization
B. E-business
C. E-value creation
D. E-process management
Answer
B. E-business
99. Which one of the following is not one of the Balanced Scorecard’s four generic perspectives?
A. Marketing and advertising
B. internal business processes
C. Innovation a
D. learning D) financial
Answer
A. Marketing and advertising
100. Which one of the following statements is true?
A. Balanced Scorecards are a feedback mechanism
B. Balanced Scorecards always have four perspectives
C. Balanc
D. Scorecards can be used in Not-for-Profit organisations
Answer
C. Balanc
