
Budgets HL Review Quiz
Authored by Joemar Magante
Other
12th Grade
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14 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
These are departments of a business that incur costs but are not involved in generating any profit.
Profit Centre
Cost Centre
Cash flow forecast
Variance Analysis
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
These are departments of a business that incur both costs and revenues.
Profit Centre
Cost Centre
Cash flow forecast
Variance Analysis
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which is an example of a cost centre?
Franchise
Sales department
Human resources
Chain stores
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which is an example of a profit centre?
Administrative office
Marketing
Human resources
Chain stores
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which is not a role and function of cost and profit centres?
makes better decisions for centre managers
dependent on decision making
monitor cost and revenues
monitoring team's performance
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is an advantage of cost and profit centres?
subjective allocation of indirect costs
promotes team spirit
tension and conflict on members
time consuming data allocation
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following is a disadvantage of cost and profit centres?
added pressure on staff
eliminates cost classifications
allow benefits for benchmarking
improves motivation
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