Que. 1 : Q1) _____________refers to unit(s) responsible for preparation of budgets and application of budgetary control.    1.  a) Budget centre    2.  b) Expense centre    3.  c) Cost centre    4.  d) Income centre Que. 2 : Q2) Which ratio are the ratios between operating expenses(i.e. manufacturing overhead, office and selling expense) and sales?    1.  a) Liquidity ratio    2.  b) Activity ratio    3.  c) Loss… Read More »