Lecturer Commerce Most Important MCQs Online Test No. 51

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of  Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 51
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 51

1 / 25

Sales budgets is a:

2 / 25

Which of the items below is not a hierarchy of human needs as set forth by Maslow?

3 / 25

A budgeting process where in each and every line of the master budget is specified by upper level management is called a (n):

4 / 25

In case of materials, the key factors may be:

5 / 25

A budgeting process where in middle and lower level managers plan either in general or specific terms what they believe to be realistic expectations of what their performance should be is called a (n):

6 / 25

Preparing budget figures for different 4 levels of activity within a range, under flexible budgeting is:

7 / 25

A standard that is never altered once established is known as a(n):

8 / 25

The budget that is prepared first of all is:

9 / 25

A budget that focuses on the output of the organization is called a:

10 / 25

Operations budgets normally cover a period of:

11 / 25

The various components of a budget are usually prepared by:

12 / 25

The sales budget (in units) adjusted for inventory changes is the:

13 / 25

The difference between fixed and variable cost has a special significance in the preparation of:

14 / 25

Theory Y (by McGregor) assumes that:

15 / 25

When factory overhead is applied to production on the basis of actual inputs multiplied by a predetermined application rate, the process in known as:

16 / 25

Theory X (by McGregor) assumes that:

17 / 25

A budget in which a responsibility center manager must justify each planned activity and its estimated total cost is called a:

18 / 25

Application rates for factory overhead best reflect anticipated fluctuations in sales over a cycle of years when they are computed under the concept of:

19 / 25

The budget which commonly takes the form of budgeted profit and Loss Account and Balance Sheet is:

20 / 25

Which of the following terms is not to be used interchangeably with the word " standard costs"?

21 / 25

Depreciation based on the number of units produced would be classified as what type of cost?

22 / 25

The foundation of the master budget is:

23 / 25

The appropriate range for the coefficient of correlation (r) is:

24 / 25

A quantitative expression of management objectives is a (n).

25 / 25

Under which approach do all levels in a company participate to some extent in developing the master budget?

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