The aim of cash budget refers to:

• A) Maximum availability of sales
• B) Maximum availability of cash
• C) All of the given options
• D) Maximum availability of income

In Which budget, the expenditures detail is provided but activities are given little attention?

• A) Cash budget
• B) Sales budget
• C) Production budget
• D) Line item budget

Direct wages are considered as:

• A) Opportunity costs
• B) Non-variable costs
• C) Sunk costs
• D) Variable costs

Elimination of non-value added activities is considered in which of the following costing approach?

• A) Benchmarking
• B) Kaizen costing
• C) Zero based budgeting
• D) Just-in-time

The matching concept considers which of the following item(s):

• A) All of the given options
• B) Expenses
• C) Related cash flows
• D) Revenues

Which of the following item(s) is(are) considered in activity based performance report?

• A) Research and development
• B) All of the given options
• C) Scheduling existing and new production run
• D) Staff training

No optimum relationship can be determined between ______________ costs and their output level.

• A) discritonary
• B) operating
• C) budgeted
• D) flexible

Deduction of profit from selling price is considered in _________.

• A) domestic transfer pricing
• B) arm length principle
• C) All of the given options
• D) negotiated transfer pricing

In which of the following budgets, the expenditures detail is provided but activities are given little attention?

• A) Line item budget
• B) Production budget
• C) Sales budget
• D) Cash budget

____________ budgeting approach requires managers to identify incremental activities that will be subject to any changes in the budgets level.

• A) activity-based
• B) zero-based
• C) Priority incremental
• D) discretionary

Which of the following is(are) NOT considered as a cost driver?

• A) Salaries
• B) Travel cost
• C) Rent of the building
• D) All of the given options

ABCM stands for:

• A) Activity based cost management
• B) Action based cost measurement
• C) Action based cost management
• D) Activity based cost measurement

Implementation of best practices is the aim of:

• A) kaizen costing
• B) Benchmarking
• C) Just-in-time
• D) All of the given options

Reverse engineering is also known as ________.

• A) tear down analysis
• B) value analysis
• C) growth analysis
• D) benchmarking analysis

When supplying and receiving divisions are located in different countries with different tax rates, ______ method is used for transfer pricing.

• A) international transfer pricing
• B) mutual transfer pricing
• C) domestic transfer pricing
• D) All of the given options

For zero-based budgeting, expenditure incurred on advertising, R&D and employee training etc. can be considered as ________________ costs

• A) organizational
• B) deferred
• C) discretionary
• D) flexible

Which of the following is considered a type of transfer pricing methods?

• A) All of the given options
• B) Cost-plus transfer prices
• C) Cost-minus transfer prices
• D) Cost-average transfer prices

Occupancy is included in which of the following costing systems?

• A) Activity based costing
• B) Traditional costing
• C) Kaizen costing
• D) Value costing

Transfer pricing methods have _______ types, which can be used by the companies.

• A) five
• B) two
• C) three
• D) four

When company's most of the profits are located in the low tax rate country, ________ method is used for transfer pricing.

• A) Tax pricing
• B) mutual transfer pricing
• C) domestic transfer pricing
• D) international transfer pricing