Which of the following describes Reginald's role
in department M?

ACCA

Quiz
•
Science
•
1st - 5th Grade
•
Medium
Merey Anash
Used 11+ times
FREE Resource
60 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cost centre manager
An investment centre manager
A revenue centre manager
A profit centre manager
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is NOT correct?
Cost accounting can be used for inventory
valuation to meet the requirements of internal reporting only.
Management accounting provides appropriate information for decision making, planning, control and performance evaluation.
Routine information can be used for both short-term and long-run decisions.
Financial accounting information can be used for
internal reporting purposes.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following statements relate to financial
accounting or to cost and management accounting.
(i) Financial accounts are historical records.
(ii) Cost accounting is part of financial
accounting and establishes costs incurred by an organisation.
(iii) Management accounting is used to aid planning, control and decision making.
Which of the statements are correct?
(i) and (ii) only
(i) and (iii) only
(ii) and (iii) only
(i), (ii) and (iii)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The manager of a profit centre is responsible for which of the following?
(i) Revenues of the centre
(ii) Costs of the centre
(ii) Assets employed in the centre
(i) only
(ii) only
(i) and (ii) only
(i), (ii) and (ji)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would be best described as a short-term tactical plan?
Reviewing cost variances and investigate as appropriate
Comparing actual market share to budget
Lowering the selling price by 15%
Monitoring actual sales to budget
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following statements refer to strategic planning:
(i) It is concerned with quantifiable and qualitative matters.
(ii) It is mainly undertaken by middle management in an organisation.
(iii) It is concerned predominantly with the long term.
Which of the statements are correct?
(i) and (ii) only
(i) and (iii) only
(ii) and (iii) only
(i), (ii) and (iii)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following descriptions only contains essential features of useful management information?
Accurate, understandable, presented in report
format
Timely, reliable, supported by calculations
Regular, complete, communicated in writing
Understandable, accurate, relevant for its purpose
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