Multiple Choice
An investment centre is a responsibility centre where the manager has control of ………………
A) costs and profits
B) cost profits and product quality
C) costs profits and assets
D) costs
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A cost centre is a segment of
Q7: Responsibility accounting is used for ……………….<br>A)cost control<br>B)planning<br>C)decision
Q8: Prime costs may be defined as<br>A)the total
Q9: The performance of investment centre is based
Q10: Profit Volume ratio is the ratio of
Q12: A centre where the manager is responsible
Q13: Responsibility accounting aims to …………….<br>A)ensure that costs
Q14: When sales are Rs.30000 and P/V ratio
Q15: A …………….is that factor which causes cost.<br>A)cost
Q16: Responsibility Accounting is also called ……………. Accounting<br>A)profitability<br>B)management<br>C)all