FM015: PART A SET 1

FM015: PART A SET 1

Professional Development

17 Qs

quiz-placeholder

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FM015: PART A SET 1

FM015: PART A SET 1

Assessment

Quiz

Financial Education

Professional Development

Medium

Created by

PUAN Moe

Used 2+ times

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17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image
1. Which of the following statements relating to management information are true?
1 and 2
1 and 3
2 and 4
3 and 4

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

2. A total cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this?
Fixed cost
Variable cost
Semi-variable cost
Stepped fixed cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image
3. The manager of a profit centre is responsible for which of the following?
1 only
2 only
1 and 2
All the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

4. A local weekly newspaper sells about half a million copies a week in a region of about 100 square miles. It is decided that the sample will represent the various age groups, income groups, men and women, and people from different areas of the region in proportion to their numbers in the population in the region. Which type of the following samples is constructed in this manner?
Simple random
Systematic
Stratified random
Cluster

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

5. Which of the following is an example of external information that could be used in a management accounting system?
Consumer price index statistics
Price list for the products sold by the business
Production volume achieved by the production department
Discounts given to customers

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

6. There is to be an increase next year in the rent from $12,000 to $14,000 for a warehouse used to store finished goods ready for sale. What will be the impact of this increase on the value of inventory manufactured and held in the warehouse?
An increase of $14,000
A decrease of $14,000
An increase of $2,000
No change

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

7. The sales manager has prepared a manpower plan to ensure that sales quotas for the forthcoming year are achieved. This is an example of what type of planning?
Operational planning
Tactical planning
Strategic planning
Corporate planning

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