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 19 of 20

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Q181.
The direct labor, salary outlays and direct material purchases are classified as
Discuss
Answer: (b).cash disbursements
Q182.
The master budget includes all the projections of company's budget and focuses on
Discuss
Answer: (d).both b and c
Q183.
The model which refers possibility for management to conduct sensitivity analysis can be categorized under
Discuss
Answer: (b).financial planning models
Q184.
The fourth step in development of operating budget is to
Discuss
Answer: (a).choose alternatives
Q185.
The what-if technique, which examines changes in results, if original prediction would not be achieved is called
Discuss
Answer: (c).sensitivity analysis
Q186.
The continuous budget is also known as
Discuss
Answer: (a).rolling budget
Q187.
The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as
Discuss
Answer: (d).master budget
Q188.
The first step in developing an operating budget is to
Discuss
Answer: (b).identify the problem
Q189.
The second step in developing operating budget is to
Discuss
Answer: (c).obtain information
Q190.
The factor which provides hedge to managers in adverse and unexpected circumstances is known as
Discuss
Answer: (a).budgetary slack