Accounting MCQs — Test 49

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Question 1

The variance used by managers to check whether the company has performed well and properly implemented the strategies is considered as ___________?

Question 2

The variance, if used to alert managers before time of the problem is called _________?

Question 3

An arrangement of line of authority within the company is classified as __________?

Question 4

An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as _________?

Question 5

The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?

Question 6

The manager who is responsible for investments of the company, its costs and revenues is known as ______

Question 7

In accounting, the cost incurred in past or in historical financial statements is classified as ________?

Question 8

The material or anything for which cost is to be measured is known as __________?

Question 9

In production, the variables such as level of activity or volume of company activity are known as ________?

Question 10

The direct cost assignment for specific cost object is classified as __________?