Accounting MCQs

1590 MCQs  (Page 145 of 159)

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The variance used by managers to check whether the company has performed well and properly implemented the strategies is considered as ___________?
A. Strategic implementation
B. Proper implementation
C. Performance evaluation
D. Well evaluated
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The variance, if used to alert managers before time of the problem is called _________?
A. Varied warning
B. Times warning
C. Managers warning
D. Early warning
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An arrangement of line of authority within the company is classified as __________?
A. Company structure
B. Organization structure
C. Line of authority
D. Line of responsibility
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An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as _________?
A. Coordinating the company effort
B. Action plan
C. Action accountability
D. Project accountability
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The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?
A. Subunit center
B. Instruction center
C. Responsibility center
D. Activity segment
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The manager who is responsible for investments of the company, its costs and revenues is known as ______
A. Profit center
B. Investment center
C. Cost center
D. Revenue center
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In accounting, the cost incurred in past or in historical financial statements is classified as ________?
A. Actual cost
B. Budgeted cost
C. Past cost
D. Incurred cost
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The material or anything for which cost is to be measured is known as __________?
A. Measurement object
B. Cost object
C. Accounting object
D. Budget object
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In production, the variables such as level of activity or volume of company activity are known as ________?
A. Cost drivers
B. Timed drivers
C. Variable drivers
D. Fixed drivers
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The direct cost assignment for specific cost object is classified as __________?
A. Cost object line cost
B. Cost tracing
C. Cost object indirect cost
D. Cost object staff cost
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Word of the Day
22 Jul
Combative
ready or eager to fight or argue.
لڑاکا، متنازع، جھگڑالو

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