Top 80+ Solved Advanced Management Accounting MCQ Questions Answer
Q. Which of the following does not help to minimize the problems encountered in budgeting?
a. Ensuring adequate budget planning
b. identifying the responsibility for key performance areas
c. Encouraging manager participation
d. keeping bad news from the managing director
Q. What would be the most likely cause of an unfavourable labour rate variance together with afavourable labour efficiency variance?
a. The employment of more highly skilled staff than budgeted
b. Poor wage negotiation by the Human Resources manager
c. The employment of less well-train
d. staff than in
Q. A budgeting process which demands each manager to justify his entire budget in detailfrom beginning is
a. Functional budget
b. Master budget
c. Zero base budgeting
d. none of the above
Q. ________ is the first step of budgetary system and all other budgets depends on it.
a. Cost budget
b. Sales budget
c. Production budget
d. None of the above
Q. __________ contains the picture of total plans during the budget period and it comprisesinformation relating to sales, profit, cost, production etc.
a. Master budget
b. Functional budget
c. Cost budget
d. None of the above
Q. Budgetary control system acts as a friend, philosopher and guide to the…
a. Management
b. Share holders
c. Creditors
d. Employees
Q. Budgetary control facilitates easy introduction of the…
a. Marginal costing
b. Ratio analysis
c. Standa
d. costing D) Subjective matter
Q. The responsibility accounting stresses on _________
a. Decentralization
b. Centralization
c. Both (a) & (b)
d. None of these
Q. In responsibility accounting system…
a. Budgets are prepared
b. Actual performance is recorded
c. The performance is report
d. D) All of the above
Q. The responsibility accounting emphasizes the performance of ____
a. System
b. Men
c. Both
d. None of these
Q. The responsibility accounting is also called…
a. Profitability accounting
b. Activity accounting
c. Both
d. None of these
Q. The responsibility accounting is the part of …
a. Financial accounting
b. Management accounting
c. Mechaniz
d. accounting D) none of these
Q. The accounting department in an organization is…
a. Investment centre
b. Expense centre
c. Profit centre
d. All of the above
Q. 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