Q. A transaction that doesn’t make any change in working capital position is ---------
✅ Correct Answer: (C)
Non fund transaction
Accounting for Managerial Decisions MCQs and Notes
Q. A firm’s investment in current asset is known as ----------------
✅ Correct Answer: (B)
Gross working capital
Q. ------------- centre is one for which both revenue and cost are accumulated
✅ Correct Answer: (D)
Profit centre
Q. --------- is a system where persons are made responsible for control of cost
✅ Correct Answer: (C)
Responsibility accounting
Q. A control system where accountability is established with responsibility is known as --------------
✅ Correct Answer: (B)
Responsibility accounting
Q. A segment of activity or area of operation for which revenues are accumulated is known as ------
✅ Correct Answer: (C)
Revenue centre
Q. A segment of activity or area of operation for which cost is collected is known as -----------------
✅ Correct Answer: (A)
Cost centre
Q. A segment of activity for which revenues are accumulated
✅ Correct Answer: (C)
revenue centre
Q. A centre at which proper utilization of asset used in the centre
✅ Correct Answer: (A)
Investment centre
Q. A segment of activity for which both revenue and cost are accumulated
✅ Correct Answer: (B)
Project centre