Responsibility Accounting MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 16, 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?


 

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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