EFPD Reading Diagnostic Test

What is the primary focus of accounting in the global business context?

• a) Promoting competition

• b) Ensuring financial health and transparency

• c) Limiting technology advancements

• d) Reducing strategic decision-making

According to the passage, what is the demand for skilled accountants attributed to?

• a) Decrease in financial transactions

• b) Decline in technology use

• c) Increase in global business expansion

• d) Limited transparency in organizations

Which phrase is used as a synonym for "data analytics tools" in the passage?

• a) Strategic decision-making

• b) Advanced software

• c) Global business expansion

• d) Financial health

Where in the passage does it mention the impact of technology on the efficiency and accuracy of accounting?

• a) In the competitive market

• b) In the evolving role of accountants

• c) In the advent of technology

• d) In the international financial reporting standards

Based on the information in the passage, what is implied about the traditional role of accountants?

• a) It is limited to bookkeeping.

• b) It has expanded to include technology use.

• c) It is decreasing in relevance.

• d) It focuses solely on competition promotion.