McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce in Finance (B.Com Finance) .
Chapters
| 1. |
As a discipline to be one of the most important element in the business world where money is almost everything. |
| A. | Accounting |
| B. | Standardizing |
| C. | Recording |
| D. | none of these |
| Answer» A. Accounting | |
| 2. |
Budgeting requires eliminating redundant expenditure that no longer serves any clearly defined purpose. |
| A. | Zero based |
| B. | Open end |
| C. | Financial |
| D. | none of these |
| Answer» A. Zero based | |
| 3. |
The second approach in the application of Zero-based Budgeting (ZBB) is to identify and remove duplication or expenditure. |
| A. | Multiplication |
| B. | Divided |
| C. | Adding |
| D. | triple |
| Answer» A. Multiplication | |
| 4. |
A system of zero-based budgeting was first introduced formally in the United States Department of Agriculture in preparing its budget. |
| A. | Fiscal year |
| B. | Leap Year |
| C. | Academic Year |
| D. | Draconic year |
| Answer» A. Fiscal year | |
| 5. |
Zero-based budgeting was introduced for the first time in a government system by ………………….. |
| A. | Jimmy Carter |
| B. | F.W.Tailor |
| C. | Robert Shiller |
| D. | Abhijit Banarjee |
| Answer» A. Jimmy Carter | |
| 6. |
A decision package includes…………..justification for budget estimates of an activity. |
| A. | Comprehensive |
| B. | Comparative |
| C. | Duplicated |
| D. | none of these |
| Answer» A. Comprehensive | |
| 7. |
A main factor contributing to the failure of zero-based budgeting has been due to too much of……………..involved in the procedure. |
| A. | Paper work |
| B. | Computerized work |
| C. | Manual Work |
| D. | none of these |
| Answer» A. Paper work | |
| 8. |
………………. manpower is a hard task for management. |
| A. | Re-Deploying |
| B. | Deploying |
| C. | Scheduling |
| D. | none of these |
| Answer» A. Re-Deploying | |
| 9. |
Situation of resource crunch when demands for desirable expenditure are far ………………….. the available resources. |
| A. | out stripping |
| B. | in stripping |
| C. | overlapping |
| D. | none of these |
| Answer» A. out stripping | |
| 10. |
Zero-based budgeting is an approach to budgeting that begins from the principle that………………. or activities Should be factored into the plans for the coming budget period. |
| A. | no cost |
| B. | no Value |
| C. | zero budget |
| D. | none of these |
| Answer» A. no cost | |
| 11. |
Zero-based budgeting first came out in ………….. |
| A. | 1960 |
| B. | 1980 |
| C. | 1950 |
| D. | 1999 |
| Answer» A. 1960 | |
| 12. |
The ‘………….. ’ is a term associated with ZBB, and refers to an analysis of each discrete activity, according to cost and purpose. |
| A. | Decision Package |
| B. | Zero budgeting Plan |
| C. | Accountancy |
| D. | Short Sales |
| Answer» A. Decision Package | |
| 13. |
The key benefit is that serves to concentrate attention on the…………… |
| A. | Zero based budgeting |
| B. | Activity based badgeting |
| C. | Value preposition budgeting |
| D. | none of these |
| Answer» A. Zero based budgeting | |
| 14. |
ZBB can offer a number of advantages when it is applied ………….. |
| A. | intelligently |
| B. | Ascending order |
| C. | Descending order |
| D. | none of these |
| Answer» A. intelligently | |
| 15. |
The basic process of zero-based budgeting is to justify budget requests for every , regardless of prior period budgets. |
| A. | Budgeting cycle |
| B. | Reuse cycle |
| C. | recession cycle |
| D. | none of these |
| Answer» A. Budgeting cycle | |
| 16. |
Zero-based budgeting addresses such problems that can take place with ……………. rolling budgets. |
| A. | Conventional |
| B. | Non conventional |
| C. | budging |
| D. | none of these |
| Answer» A. Conventional | |
| 17. |
…………… accounting is a financial reporting process which records the results of inflation on the financial statement that a firm prepare and published at the end of the financial year. |
| A. | Inflation |
| B. | Corporate |
| C. | Management |
| D. | Bank |
| Answer» A. Inflation | |
| 18. |
One of the most significant and basic principle of the accounting process is called as the …………..Principle. |
| A. | measuring Unit |
| B. | Non Measuring Unit |
| C. | Scheduled Unit |
| D. | none of these |
| Answer» A. measuring Unit | |
| 19. |
Inflation accounting as already stated is also called as the ………….. accounting. |
| A. | Price Level Accounting |
| B. | Inflationary Accounting |
| C. | corporate accounting |
| D. | Management Accounting |
| Answer» A. Price Level Accounting | |
| 20. |
The impact of inflation comes in the form of rising prices of…………….. and Assets. |
| A. | Output |
| B. | Surplus |
| C. | Liabilities |
| D. | Deficit |
| Answer» A. Output | |
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