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Which of the following statement(s) is/are true with respect to ‘discretionary expense cen

Which of the following statement(s) is/are true with respect to ‘discretionary expense centers’?

  1. The output of a discretionary expense center cannot be directly used to produce revenues.
  2. Budgets for discretionary expense centers are developed only in terms of maximum        resources that can be consumed by them in a particular period.

III.    For assessing the budgetary performance, the expense constraints are established at the discretion of the manager.

(a)

Only (I) above

(b)

Only (III) above

(c)

Both (I) and (II) above

(d)

Both (II) and (III) above

(e)

All (I), (II) and (III) above.

 

Dec 07 2017 Read more Less More

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