What is the purpose of management information?

1 .Monthly variance reports are an example of which one of the following types of management information?

A Tactical B Strategic C Planning D Operational

题型: 单选题 提问时间: 2021-08-22

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2 .Which of the following statements are correct? (i) Strategic information is mainly used by senior management in an organisation.(ii) Productivity measurements are examples of tactical information.(iii) Operational information is required frequently by its main users.

A (i) and (ii) only B (i) and (iii) only C (ii) and (iii) only D (i), (ii) and (iii)

题型: 单选题 提问时间: 2021-08-22

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3 .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?

A (i) and (ii) only B (i) and (iii) only C (ii) and (iii) only D (i), (ii) and (iii)

题型: 单选题 提问时间: 2021-08-22

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4 .Which one of the following is a common feature of cost accounting but not financial accounting?

A Control accounts B Cost classification C Cost unit D Periodic stocktaking

题型: 单选题 提问时间: 2021-08-22

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5 .Consider the following incomplete statements relating to management information:(1) clear to the user(2) detailed and completely accurate(3) provided whatever the cost(4) relevant for purpose.Which of the above are necessary features of useful management information?

A 1 and 2 only B 1 and 4 only C 2 and 4 only D 1, 2 and 3 only

题型: 单选题 提问时间: 2021-08-22

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7 .Which of the following are characteristics of management accounting information?(1) Non-financial as well as financial(2) Used by all stakeholders(3) Concerned with cost control only(4) Not legally required

A 1 and 4 only B 2 and 3 only C 1, 2 and 3 only D 2, 3 and 4 only

题型: 单选题 提问时间: 2021-08-22

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8 .Which of the following statements about cost and management accounting are true? (1) Cost accounting cannot be used to provide inventory valuations for external financial reporting(2) There is a legal requirement to prepare management accounts(3) The format of management accounts may vary from one business to another(4) Management accounting provides information to help management make business decisions

A 1 and 2 only B 1 and 4 only C 2 and 3 only D 3 and 4 only

题型: 单选题 提问时间: 2021-08-22

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9 .Which of the following are characteristics of management accounting information? (1) Forward looking(2) Legally required(3) Concerned with cost control(4) Follows clearly defined standards

A 1 and 3 only B 2 and 4 only C 1, 3 and 4 only D 1, 2 and 3 only

题型: 单选题 提问时间: 2021-08-22

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10 .A company’s budgeted sales for last month were 8,000 units with a standard unit selling price of USD50. The company generates USD0.40 contribution for each USD1 of revenue (i.e. has a contribution to sales ratio of 40%). Actual sales of 8,400 units resulted in total revenue of USD409,500.What was the sales volume contribution variance?

A USD8,000 favourable B USD8,000 adverse C USD20,000 favourable D USD20,000 adverse

题型: 单选题 提问时间: 2021-08-22

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