Accounting and Spreadsheet Quiz

What is an organisation chart designed to show?

• Directions of responsibility

• Aim of the organisation

• Main items of expenditure

• Coding structure

Which of the following are advantages of using spreadsheets?

• 1, 2 and 3

• 1 and 2 only

• 1 and 3 only

• 2 and 3 only

What is meant by the classification of costs by behaviour?

• Classification of costs as prime costs and overheads

• Classification according to how costs change with activity

• Classification according to whether costs are direct or indirect

• Classification of costs as material, labour and other expenses

What is a cost unit?

• The cost per unit of a product or service

• A unit of a product or service which has costs attached to it

• A section of the business where a manager is only responsible for costs

• A number of different products combined together for cost analysis

In the cost coding system of Company A each digit of a code represents a classification, with each digit further to the right representing a smaller subset than the previous digit. What type of coding system is Company A using?

• Hierarchical

• Sequential

• Block

• Mnemonic

Which of the following is/are advantages of using spreadsheets?

• 2 only

• 2 and 3 only

• 1 and 4 only

• 1, 2, 3 and 4

Which of the following statements reflect attributes of real time processing in a computer data processing environment?

• 1 and 2

• 3 and 4 only

• 2 and 3

• 1, 3 and 4

Which of the following are usual tasks carried out by the accounts department in a large business?

• 1 and 2

• 1 and 4

• 2 and 3 only

• 2, 3 and 4

Which of the following should MOST likely influence the content of a management information report?

• The information requirements of the recipient of the report

• The cost of obtaining the necessary information

• Whether the information is from internal or external sources

• The degree of accuracy of the information within the report

Management needs information to make choices between alternatives. Which purpose of management information is the above statement an illustration of?

• Control

• Planning

• Decision-making

• Reporting