Management Accounting Quiz

Management Accounting Quiz

University

27 Qs

quiz-placeholder

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Management Accounting Quiz

Management Accounting Quiz

Assessment

Quiz

Business

University

Hard

Created by

NUR ABDULLAH

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of budgetary control?

To increase sales

To control operations

To improve employee morale

To reduce costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of budget is a projection of budgeted data at one level of activity?

Variable budget

Static budget

Master budget

Flexible budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key feature of a flexible budget?

It is only used for fixed costs

It is fixed at one level of activity

It does not require adjustments

It allows for various levels of activity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does budgetary slack refer to?

Exceeding budget limits

Accurate budgeting

Planned misstatement of costs

Underestimating costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a disadvantage of participative budgeting?

Increased commitment

Time-consuming process

More realistic budgets

Improved morale

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of Beyond Budgeting?

To enhance traditional budgeting

To improve employee satisfaction

To abolish the traditional budget process

To create fixed budgets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a fixed budget appropriate for?

Dynamic market conditions

Flexible cost management

Assessing manager’s effectiveness at fixed activity levels

Evaluating variable costs

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