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Advanced Multiple Choice Quiz
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1Planning involves which of the following activities: (there may be more than one)

(Learning Objective 1 Ch 1)
A)Identifying alternatives.
B)Assigning tasks to employees.
C)Preparing a budget.
D)Keeping the organisation functioning smoothly.


2Management accounting is:
(Learning Objective 2 Ch 1)
A)A branch of financial accounting
B)Accounting done by managers
C)Concerned with the provision of information to help managers make decisions
D)The process whereby managers account for their actions


3Financial accounting
(Learning Objective 2 Ch 1)
A)is required by regulatory bodies such as the SEC.
B)has its primary emphasis on the future.
C)provides data for internal use by managers of a business.
D)is concerned primarily with the performance of segments rather than with the performance of the entire organisation.


4When making a routine decision, managers use:
(Learning Objective 2 Ch 1)
A)financial accounting information, since it is objective due to the fact that it conforms with generally accepted accounting principles
B)information regarding the organisation as a whole, rather than segments.
C)information that is as precise as humanly possible.
D)whatever information is relevant to the decision, even though the information may not conform to generally accepted accounting principles.


5Which of the following individuals would occupy a staff position in a department store? (There may be more than one)
(Learning Objective 3 Ch 1)
A)The Manager of the Toys Department
B)The Manager of the Human Resources Department
C)The Management Accountant.
D)The Manager of the Menswear Department


6Delegating decisions to lower levels of management results in increased
(Learning Objective 3 Ch 1)
A)profitability.
B)centralisation.
C)control.
D)decentralisation.


7Which of the following are causes of increasing economic globalisation? (There may be more than one)
(Learning Objective 4 Ch 1)
A)Increase in the tariffs and trade barriers
B)Improvements in global transportation systems
C)Increased sophistication in world markets
D)The World Wide Web


8Which of the following are new business processes or technologies? (there may be more than one)
(Learning Objective 5 Ch 1)
A)TQM
B)JIT
C)TOC
D)RPI


9CIMA:
(Learning Objective 6 Ch 1)
A)controls the accounting profession in the UK.
B)is responsible for setting financial reporting standards
C)recommends that accountants focus on short term performance.
D)has a code of practice to monitor and enforce professional ethics.


10Management accountants are solely responsible for internal financial reporting and can therefore ignore the impact that the organisation has on its external environment
(Learning Objective 6 Ch 1)
A)True
B)False





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