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MBA Cost Accounting Practice Test 7

# Budgets and Budgeting Cycle Quiz Answers PDF - 7

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## Accounting Quiz Online: Budgets & Budgeting Cycle MCQs - 7

MCQ: The third step in developing operating budget is

A) analysis of batches
B) analysis of batches
C) analysis of products
D) making predictions about future

MCQ: The deviations between estimated regression line and the vertical deviations are classified as

A) fixed terms
B) indexed terms
C) variable terms
D) residual terms

MCQ: Current assets are subtracted from current liabilities to calculate

A) opportunity cost of capital
B) working capital
C) total long term assets
D) weighted average cost of capital

MCQ: In regression analysis, if the observed cost value is 50 and predicted cost value is 7, then the disturbance term will be

A) 57
B) 43
C) 67
D) 47

MCQ: In response to challenges arisen by competitors and new entrants, the strategy which must be considered by the company does include

B) demand inelasticity
C) differentiated products
D) both a and c

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