Multiple Choice
Responsibility accounting aims to …………….
A) ensure that costs become the responsibility of a specific manager
B) reduce the costs that a department incurs
C) allocate costs to all areas of a business
D) ensure that a manager is punished if things go wrong
Correct Answer:
Verified
Correct Answer:
Verified
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
Q11: An investment centre is a responsibility centre
Q12: A centre where the manager is responsible
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
Q17: …………..is the angle caused by intersection of
Q18: Marginal cost is the aggregate of prime