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Which of the following statements is/are true with respect to ‘Discretionary Expense Cente

Which of the following statements is/are true with respect to ‘Discretionary Expense Centers’?

I. The output of a discretionary expense center cannot be directly used to produce revenues.

II. 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]All (I), (II) and (III) above 

Mar 12 2018 View more View Less

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