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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) Both (II) and (III) above (e) All (I), (II) and (III) above.
(e) All (I), (II) and (III) above
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my answer is e)...........................................
(e) All (I), (II) and (III) above............ . .. . .
AGREED WITH Mr. VJ Response................................. as i know it was just (I) but by more detailed explanation i got little bit more gain in my knowledge thanks to VJ appreciate.
All the3 options relate to discretionary expense center answer (e).
(e)
The following statements 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.
Option E....................................................................................
Agree with Mr. Vinod answer <<<<<<<<<<<<<
