Related Mcqs:

1. The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?

   A. anticipated budgeting
   B. number budgeting
   C. predict budgeting
   D. kaizen budgeting

2. Industrial engineering method is used to analyze the relationship between ___________?

   A. marketing and financing
   B. price and costs
   C. input and output
   D. units and batches

3. The measures that analyze the performance of a company, such as residual income, economic value added and customer satisfaction are collectively called ____________?

   A. interactive control systems
   B. belief systems
   C. boundary systems
   D. diagnostic control systems

4. In master budgeting, the cost drivers for manufacturing overhead costs are ___________?

   A. direct manufacturing labor-hours
   B. setup labor-hours
   C. budgeted labor-hours
   D. both a and b

5. The cash flows method, used by net present value method and internal rate of return are ___________?

   A. vertical cash flows
   B. discounted cash flows
   C. lean cash flows
   D. future cash flows

6. The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?

   A. step down allocation method
   B. stand-alone revenue allocation method
   C. incremental revenue allocation method
   D. revenue mix allocation method

7. The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as ___________?

   A. quantitative analysis method
   B. qualitative analysis method
   C. account analysis method
   D. conference analysis method

8. The significant feature of Kaizen Budgeting is __________?

   A. employee suggestion
   B. customer suggestion
   C. cost suggestion
   D. price suggestion

9. In costing and budgeting hierarchy, an example of product sustaining cost is __________?

   A. initial offering cost
   B. batch marketing cost
   C. product marketing cost
   D. product design cost

10. The better administration of budget in budgeting plans require:_____________?

    A. intelligent interpretations
    B. participation
    C. persuasion
    D. all of above