Which of the following is NOT a main focus of management accounting?
A. Planning
B. Control
C. Financial statements
Decision making
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Two incomplete statements follow. Which words correctly complete each statement?
A. 1 External, 2 Internal
B. 1 Internal, 2 Internal
C. 1 External, 2 External
D. 1 Internal, 2 External
Which of the following is a benefit an organisation is likely to experience from introducing a policies and procedures manual?
A. Innovation
B. Consistency
C. Flexibility
D. Staff satisfaction
What is the main purpose of an organisation chart?
A. To provide customers with the contact details of key personnel
B. To ensure employees know who they report to
C. To show authority and communication lines
D. To encourage teamwork between departments
Which one of the following is an advantage of a decentralised administration function?
A. Local offices will have greater control over their own administration
B. A consistent approach to administration is likely to be followed across local offices
C. Duplication of administrative tasks will be avoided
D. The overall administration cost is likely to be higher
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