Which of these answers shows the correct order of processes to follow to forecast sales revenue?(i) Average seasonal variation (ii) Actual = Trend + Seasonal variation (iii) Trend using three-point average(iv) Seasonal variation for each quarter
A. (i) (iv) (ii) (iii)
B. (iii) (i) (iv) (ii)
C. (iii) (iv) (i) (ii)
D. (ii) (iii) (i) (iv)
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Which of the following is NOT a characteristic of useful management information?
A. It should be timely
B. It should be user-targeted
C. It should be detailed
D. It should be complete
Which TWO of the following are true?
A. Management accounts are a legal requirement
B. Financial accounts are prepared for internal decision-making
C. Financial accounts reflect activities of the whole business
D. Management accounts are used for future planning
There is a legal ratio required of nursery nurses to children. Which of the following examples fits the definition of a stepped cost in a nursery?
A. The telephone bill for the nursery
B. Nursery nurse payroll costs
C. Rent for the nursery
D. The food bill of the nursery
In which of the following situations would a face-to-face meeting be the best way of communicating?
A. To allow opportunities for questions
B. When communicating complex information
C. When information cannot be sent electronically
D. When the communication has to be confidential
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