Which of the following would be the best way to display production rates over the last 10 years?
A. Bar chart
B. Line Graph
C. Pie Chart
D. Table
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In which of the following situations would a written report be the best way of communicating?
A. When speed is essential
B. When communicating complex information
C. When the information can’t be sent electronically
D. When the information must remain confidential
Which of the following terms is used to describe products that are partly made?
A. Inventory
B. Materials
C. Work in Progress
D. Bought-in inventory
On 1 September there were 600 units of inventory in warehouse A, valued at $3.50 each.During September the following receipts and issues occurred.What is the total value of the units issued on 27 September using the LIFO method of valuation?
A. $1,875
B. $1,895
C. $1,880
D. $1,900
Managers use financial information to help them plan, control and make decisions. The following pieces of information would be used by managers for which of those purposes?Reviewing actual spend against budgeted figures
A. Planning
B. Control
C. Decision-making