Flexible Budget and Management Control MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Flexible Budget and Management Control, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Flexible Budget and Management Control MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Flexible Budget and Management Control mcq questions that explore various aspects of Flexible Budget and Management Control problems. Each MCQ is crafted to challenge your understanding of Flexible Budget and Management Control principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Flexible Budget and Management Control MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Flexible Budget and Management Control. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Flexible Budget and Management Control knowledge to the test? Let's get started with our carefully curated MCQs!

Flexible Budget and Management Control MCQs | Page 17 of 20

Discover more Topics under Cost Accounting

Q161.
The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
Discuss
Answer: (a).budget production
Q162.
The budget, which predicts the effect of given level of operations on a cash position is classified as
Discuss
Answer: (d).cash budget
Q163.
The higher and accurate budgeted profit forecast of managers lead to
Discuss
Answer: (a).high incentive bonus
Q164.
The starting point in the operating budget is
Discuss
Answer: (c).revenue budget
Q165.
The financial statements and the budget plans of some companies are also called
Discuss
Answer: (b).preformed statement
Q166.
The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as
Discuss
Answer: (c).budget
Q167.
The budget plan in many companies is also referred as
Discuss
Answer: (a).profit plan
Q168.
The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as
Discuss
Answer: (a).budget
Q169.
The practice, which makes target more achievable by underestimating revenues or overestimating cost is called
Discuss
Answer: (c).budgetary slack
Q170.
An act of making sure, that all the employees must understand the goals is classified as
Discuss
Answer: (b).communication