Management Accounting Trivia Quizzes for Practice

Management Accounting MCQ Questions for Practice

61. What is a sunk cost?

62. What is the difference between a budget and a forecast?

63. What is the purpose of a master budget?

64. What is a rolling budget?

65. What is a zero-based budget?

66. What is the purpose of variance analysis?

67. A budget that is continuously updated by adding a new period and dropping the most recent period is called a:

68. What is a favorable variance?

69. What is an unfavorable variance?

70. What is the purpose of a cost of quality report?

71. What is the purpose of a performance measurement system?

72. What is the difference between efficiency and effectiveness?

73. The difference between actual and budgeted performance is called a:

74. Which of the following is NOT a responsibility center?

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Multiple Choice Questions and Answers on Management Accounting

Management Accounting Multiple Choice Questions and Answers

Management Accounting Trivia Quiz

Management Accounting Question and Answer PDF Online


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