In the following questions, there are two statements. One is labelled as Assertion (A) and other is labelled as Reason (R):
Assertion (A): Fixed budget is concerned with budgeting of fixed assets.
Reason (R): Cost centre and responsibility centre are not homogeneous terms.
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.
Which of the following is the fifth sentence in the passage?
The Minister said the decision (A) would be satisfaction (B) in ensuring smooth and hassle-free procurement (C) to the instrumental (D) of the f...
Which of the following is the sixth (last) sentence of the passage?
Choose the correct order.
1. It is not a large world.
P. Relatively even to this world of ours, which has its limits too.
Q. An...
1. The book was
P. that explained some
Q. of the scientific jargon
R. confusing, but it
S. contained a glossary
6. in the last few pages.
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
Given below are four jumbled sentences .Select the option that gives their correct order forming a meaningful and coherent paragraph.
A-Mumba Dev...
The following question , consists of an incomplete sentence or a sentence which is split into four parts. All four parts are jumbled up and are named a...
Which of the following is the fourth sentence of the passage?
We should learn our lesson
P: from this past and stay away
Q: of our nearest countries
R: from interfering in the domestic politics