Management Accounting MCQ
Test your knowledge with important Management Accounting MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30+ more Management Accounting MCQs on Bissoy. Bissoy App
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An organizational practice, according to which decision making freedom is available to lower level managers is known as
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When an essential information for calculation of income statement is missing, then costs that can be considered for this purpose is called
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Costs that are unavoidable and remain unchanged no matter what done are classified as
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Costs which are related to different functions of value chain of company, such as marketing and manufacturing costs are considered as
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Decisions made by company, which products to manufacture and sell and in what quantities out, of many product lines are called
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Type of outcomes, which can never be measured in numerical terms in books of accounts are classified as
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Difference of cost, which occurs while considering alternatives can be classified as
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Factor, which are largely considered in making or buying decisions is
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Product costing technique in which markup component is added into cost base, to set a target price is known as
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Process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors' technologies is called
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An income, which a company aims to earn by selling each unit of market offering is classified as
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Kind of cost which on elimination, would not reduce perceived usefulness that customers can obtain by using market offering is known as
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Concept, which states that resources are used to meet particular goals is
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An estimated cost per unit in long run, which enables company to achieve it's per unit target, operating income is classified as
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Which of following do not include among major categories of corporate costs?
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Cost of particular cost object which cannot be traced in economically plausible way is termed as
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Graph, which shows change in sold quantity and its effect on operating income is called
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Type of distribution, which consists of alternative outcomes and probabilities of events is classified as
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Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as
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Quantity of manufactured goods are sold at which total cost equal, is known as
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To calculate what, fixed cost is divided into contribution margin per unit?
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System in an organization, which defines behavior standards and code of conduct is known as
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Budget, which highlights difference between actual quantity and budgeted quantity is termed as
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Costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as
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Determined price at which company expects to pay for every single unit is called
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Master budget, which is based on planned output level at start of budget period is considered as
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Point at which control functions and planning of management come together is known as
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Budget which is planned around a single output level is called
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A costing system, which focuses on individual activities as particular cost object is classified as
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Quantity of input which is carefully determined is called