Inter PN-12 Management Accounting Quiz 8

Which one of the following does not measure risk?

Which of the following methods of selecting a strategy is consistent with risk averting behaviour?

A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as ____________

The difference between the expected profit under conditions of risk and the expected profit with perfect information is called ____________

The decision-maker’s knowledge and experience may influence the decision-making process wi.enusing the criterion of ____________

The value of the coefficient of optimism (a) is needed while using the criterion of ___________.

The expected value of perfect information (EVPI) is

The minimum expected opportunity loss (EOL) is _______________.

Which of the following criterion is not applicable to decision-making under risk?

Decision theory is concerned with ___________________________.

Which of the following criterion is not used for decision-making under uncertainty?

In a control report of Department X, it is mentioned as indirect materials are ₹1,000, indirect labour₹900, Overtime Charges ₹100, Depreciation on equipment ₹500, Allocated factory overhead (38% of factory space) ₹4,300, Allocated overhead of repair shop is ₹1,200. Determine total costs treating department X as a responsibility center.

In profit center revenue represents a monetary measure of output emanating from a profit center in a given period irrespective whether ________________.

The area of focus on responsibility center is___________________.

In responsibility accounting, responsibilities of various groups or individuals are identified in termsof ________________.

Which of the following characteristics is not associated with traditional responsibility accounting?

Responsibility Accounting is also known as ______________.

Responsibility accounting is used for _______________.

The performance of investment centre is based on ________________________.

A cost centre is a segment of the organization where the manager is responsible for _____________________.

Both costs and revenues are measured in _______________. centers

The performance of investment centre is based on ______________________.

A company that is seeking to increase ROI should attempt to decrease:

Which of the following would be considered an operating asset in return on investment computations?

According to Kaplan & Norton, which of the balanced scorecard perspectives serves as the focus of the other perspectives?