Start learning 50% faster. Sign in now
Assertion: A fixed budget is a budget that does not change, regardless of the level of activity. It is based on a single level of output, and the budgeted amounts are not adjusted for changes in activity. Fixed budgets are typically used for budgeting fixed costs, such as rent, salaries, and depreciation. Reason: A cost center is a responsibility center that only focuses on costs. The manager of a cost center is responsible for controlling the costs of the center, but they do not have any control over the revenues of the center. A responsibility center is a unit of an organization that is headed by a manager who is responsible for the performance of that unit. Responsibility centers can be classified into cost centers, revenue centers, profit centers, and investment centers.
According to the report ‘Oil 2023’ by the International Energy Agency, the growth in demand for oil in India will overtake that in China by ______.<...
Which body will be responsible for regulating higher education in India as per NEP 2020?
Where will WHO and the Ministry of AYUSH organize the Global Summit on Traditional Medicine for the first time?
Which NTPC power station received the 2024 Energy Management Insight Award from the Clean Energy Ministerial (CEM)?
On 14 September 1949, the Constituent Assembly accepted Hindi, written in the Devnagari Script, as the Official Language of the Union of India based on ...
Who has become the Indian bowler who has taken the most wickets in the Asia Cup?
Who has been awarded the Santokbaa Humanitarian Award by Shree Ramkrishna Exports and Shree Ramkrishna Knowledge Foundation?
Which food aggregator launched the 'District' app to extend its services beyond food delivery to include activities like dining and movies?
Squash World Cup 2023 was held in ______.
Which bank has executed its first non-deliverable forex derivative transaction with Reliance Industries, after the Reserve Bank of India allowed such tr...