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Responsibility Accounting – Multiple Choice Questions (MCQs)

We have prepared MCQs quiz test for students to assess their conceptual learning about Responsibility Accounting. If you face any difficulty to answer the questions we advise you to thoroughly read Responsibility Accounting Chapter from Cost Accounting explanation section.

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1. Which of the following correctly describes a  cost center?

 
 
 
 

2. Which of the following correctly describes a profit center?

 
 
 
 

3. Which of the following correctly describes a responsibility center?

 
 
 
 

4. Which of the following would be a false statement about segmented income statements?

 
 
 
 

5. Which of the following is true about common fixed costs?

 
 
 
 

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