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MCQs

Total Questions : 195 | Page 13 of 20 pages
Question 121. The higher and accurate budgeted profit forecast of managers lead to
  1.    high incentive bonus
  2.    low incentive bonus
  3.    influence bonus
  4.    revenue bonus
 Discuss Question
Answer: Option A. -> high incentive bonus
Answer: (a).high incentive bonus
Question 122. The budget, which predicts the effect of given level of operations on a cash position is classified as
  1.    market budget
  2.    price schedule
  3.    planned schedule
  4.    cash budget
 Discuss Question
Answer: Option D. -> cash budget
Answer: (d).cash budget
Question 123. The starting point in the operating budget is
  1.    cost budget
  2.    material list
  3.    revenue budget
  4.    list of investors
 Discuss Question
Answer: Option C. -> revenue budget
Answer: (c).revenue budget
Question 124. The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
  1.    budget production
  2.    planned production
  3.    setup production
  4.    stand by production
 Discuss Question
Answer: Option A. -> budget production
Answer: (a).budget production
Question 125. The financial statements and the budget plans of some companies are also called
  1.    cost statement
  2.    preformed statement
  3.    sales statement
  4.    market statement
 Discuss Question
Answer: Option B. -> preformed statement
Answer: (b).preformed statement
Question 126. The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as
  1.    complexity
  2.    process
  3.    budget
  4.    batching
 Discuss Question
Answer: Option C. -> budget
Answer: (c).budget
Question 127. The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as
  1.    budget
  2.    batching
  3.    complexity
  4.    process
 Discuss Question
Answer: Option A. -> budget
Answer: (a).budget
Question 128. An act of making sure, that all the employees must understand the goals is classified as
  1.    coordination
  2.    communication
  3.    annual profit plan
  4.    budgeting
 Discuss Question
Answer: Option B. -> communication
Answer: (b).communication
Question 129. The practice, which makes target more achievable by underestimating revenues or overestimating cost is called
  1.    cost slack
  2.    target slack
  3.    budgetary slack
  4.    revenue slack
 Discuss Question
Answer: Option C. -> budgetary slack
Answer: (c).budgetary slack
Question 130. The budget plan in many companies is also referred as
  1.    profit plan
  2.    sales plan
  3.    cost plan
  4.    marketing plan
 Discuss Question
Answer: Option A. -> profit plan
Answer: (a).profit plan

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