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Advanced Multiple Choice Quiz
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1Strategic Management Accounting (SMA) may be defined as the process of provision and analysis of management accounting data about a business and its competitors for the use in developing and monitoring business strategy?
(Learning Objective 1 Ch 16)
A)True
B)False


2The first steps to planning are based on: (more than one answer may be correct)
(Learning Objective 2 Ch 16)
A)pricing
B)motivating
C)flexible budgeting
D)absorption costing


3Which of the following are characteristics of Strategic Management Accounting information? (there may be more than one)
(Learning Objective 2 Ch 16)
A)Routinely generated
B)Relates mainly to the future
C)Evaluates different alternatives
D)Uses information from sources external to the organisation


4Which of the following is not a limitation of the profit planning model?
(Learning Objective 3 Ch 16)
A)Short-term profit increases may be made at the expense of long-term profit.
B)It does not take the use of capital resources into account.
C)It concentrates on the interests of external stakeholders at the expense of shareholders
D)It does not take competitors’ behaviour into account.


5Which of the following is not part of the value chain?
(Learning Objective 4 Ch 16)
A)distributing
B)product design
C)strategic thinking
D)research and development


6Which of the following is a characteristic of a lean enterprise?
(Learning Objective 5 Ch 16)
A)It relies on close relationships with suppliers
B)It creates sustainable competitive advantage
C)It relies on customer loyalty
D)Cost management is not a primary consideration


7Kaplan and Norton introduced four different perspectives from which a company's activity can be evaluated. Which of the following perspectives describes how an organisation sustains its ability to change and improve?
(Learning Objective 5 Ch 16)
A)Financial perspective
B)Customer perspective
C)Process perspective
D)Learning and growth


8Standard cost variances are an example of a performance measure in which of the following groups?
(Learning Objective 6 Ch 16)
A)Financial perspective
B)Customer perspective
C)Internal business process perspective
D)Learning and growth perspective


9The best possible score for the MCE is
(Learning Objective 6 Ch 16)
A)0
B)10
C)10%
D)1


10The key to successful benchmarking is to adopt a learning orientation rather than a blame culture
(Learning Objective 7 Ch 16)
A)True
B)False





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