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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.
Cash-out at any ATM of more than ten hours in a month will attract a flat ₹ _______ penalty?
In which city is the Dargah of Sheikh Khwaja Qutubuddin Bakhtiyar Kaki located?
Which of the following cities is not situated at the river bank of the Ganges?
Which of the following statements is correct
A. Depository is an agent of Depository Participant (DP)
B. Depository Participants (DPs...
In which state DFC approves up to $500 mn debt financing for First Solar’s manufacturing facility?
Which Indian scientist is known for the Raman Effect.
The BRIC-National Agri-Food Biomanufacturing Institute in Mohali aims to focus on which of the following areas?
Priority Sector Lending Certificates (PSLCs) incentivises the seller bank for over-achievement of the PSL targets
The General Provident Fund (GPF) interest rate for October-December 2024 was kept unchanged at:
’Chapchar Kut’ is a popular festival of which of the following Indian state/ UT?