Trắc nghiệm T/F môn F5

1.          “Control” is not one of the objectives of a budgeting system?

• True
• F

2.          “Machine breakdown” always make a favorable labor variance?

• True
• F

3.          “Operational variances” have been caused by adverse or favorable operational performance?

• True
• F

4.          “Theft” is one of the reasons for an adverse material variance?

• True
• F

5.          “Unforeseen discounts received” is one of the reasons for a favorable material variance?

• True
• F

6.          A budget is a quantified plan of action for a forthcoming accounting period?

• True
• F

7.          A budget is a yardstick against which actual performance is measured and assessed?

• True
• F

8.          A budgetary control and variance reporting system can only motivate managers and employees to improve performance and it can’t produce undesirable negative reactions.

• True
• F

9.          A manager of a revenue center is never responsible for the cost incurred in this center

• True
• F

10.      A profit center often includes cost center and revenue center

• True
• F