Downloaded From "[Link]
com"
M ULTI P LE CH OI CE QU ESTI ONS: SECTION 1
10 Which of the following items of information might be produced by a management
accounting system?
A Income tax deducted from employees’ wages and salaries
B Amounts of money owed to suppliers
C Current bank balance
D Profitability of product items
11 Which of the following is an example of external information that could be used in a
management accounting system?
A Consumer price index statistics
B Price list for the products sold by the business A
C Production volume achieved by the production department
C
D Discounts given to customers
C
ox
12 Which of the following is not management accounting information? A
A
B
Sales budget
Variance report lB G
L
ba
C Payroll report
D Profitability report O
B
lo
13 Which of the following items would be included in the financial accounting system but
A
G
not in the management accounting system?
A Sales commissions payable to sales representatives L
A
B Costs of repairs to the office air conditioning system
B
C
C Profits paid out in dividends to the business owners
O
AC
D Direct labour costs
X
14 Why is management information valuable for decision making?
.
A It enables management to make the correct decision
C
B It helps management to reach a more informed decision
O
C It can be used to allocate blame if a poor decision is made
M
D It enables managers to make decisions more quickly
15 Which of the following statements about office manuals is not correct?
A They are particularly useful for dealing with out-of-the-ordinary situations
B They can be used to check on the correct procedures in cases of doubt
C They can be used to help with the training of new staff
D They help to maintain standards of performance
KAPLAN P UBLI S H I N G 3
[Link]