Budgets and Budgeting Cycle Quiz Questions and Answers PDF - 205

MCQ 1021: The balancing of all aspects of products or services and all the departments in the company are classified as

1. annual profit plan
2. budgeting
3. coordination
4. complex plan

MCQ 1022: An expected future cost which diverges in unconventional course of action is known as

1. partial cost
2. total cost
3. irrelevant cost
4. relevant cost

MCQ 1023: In cost-plus pricing, the 'plus' refers to a component named as

1. off shore cost
2. markup
3. sunk cost
4. outsource cost

MCQ 1024: The total available assets are subtracted from idle assets to calculate

1. market equity
2. total assets employed
3. total assets available
4. stockholders' equity

MCQ 1025: The method which allocates the cost of support department to only operating departments is called

1. indirect method
2. direct method
3. step down method
4. reciprocal method