The sales manager has requested a visual representation of the company’s total revenue over the past five years, including actual and budget figures. The sales manager wishes to be able to identify the overall trend.Which of the following would best meet the sales manager’s requirements?
A. Line graph
B. Composite bar chart
C. Pie chart
D. Scatter graph
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Which branch of accounting includes the systematic recording of the transactions undertaken by an organisation?
A. Financial reporting
B. Management accounting
Cost accounting
D. Financial accounting
Which of the following is NOT a main focus of management accounting?
A. Planning
B. Control
C. Financial statements
Decision making
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