A. advantages of budget
B. disadvantages of budget
C. advantages of costing method
D. disadvantages of costing method
Related Mcqs:
- The quantitative expression of decided plan and coordination, for plan implementation is known as __________?
A. cost format
B. decided plan
C. coordination plan
D. budget - In operating income strategic analysis, the strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year, can be classified as __________?
A. internal process component
B. growth component
C. price recovery component
D. productivity component - In operating income strategic analysis, the strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as __________?
A. internal process component
B. growth component
C. price recovery component
D. productivity component - The translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as __________?
A. differentiation scorecard
B. bargaining scorecard
C. leadership scorecard
D. balanced scorecard - The performance is evaluated only on the basis of price variance, if the performance evaluation is __________?
A. positive
B. negative
C. zero
D. one - In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?
A. resourcing
B. value acquiring
C. production
D. value acquaintance - The non-financial and financial aspects of the plan by the company management, is classified as ___________?
A. complexity
B. process
C. budget
D. batching - The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________?
A. annual budget
B. operating budget
C. specific budget
D. master budget - The budget plan in many companies is also referred as ___________?
A. profit plan
B. sales plan
C. cost plan
D. marketing plan - The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?
A. action plan
B. strategy
C. step wise plan
D. complex plan