Responsibility Accounting MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 13, 2021

This quiz consists of multiple choice questions (MCQs) on responsibility accounting. Students can use the test to assess their conceptual learning about the topic.

If you find it challenging to answer these questions, we advise that you thoroughly read our chapter on responsibility accounting. To begin the quiz, simply complete the questions below.

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 is a false statement about segmented income statements?

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


 

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