FM015 PART A SET 2

FM015 PART A SET 2

Professional Development

11 Qs

quiz-placeholder

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FM015 PART A SET 2

FM015 PART A SET 2

Assessment

Quiz

Financial Education

Professional Development

Medium

Created by

PUAN Moe

Used 1+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

1. Which of the following statement about qualities of good information is false?
It should be relevant and true
It should be communicated to the right person
It should be accurate
It should be timely

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image
2. An organisation has the following total costs at two activity levels:
$154,545
$158,333
$160,000
$168,750

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

3. Which of the following would not be expected to appear in an organisation’s mission statement?
The organisation’s values and beliefs
The products or services offered by the organisation
Quantified short term targets the organisation seeks to achieve
The organisation’s major stakeholders

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

5. Which of the following best describes a controllable costs?
A cost which arises from a decision already taken, which cannot be changed in short run.
A cost for which the behavior pattern can be easily analysed to facilitate valid budgetary control comparisons.
A cost which can be influenced by its budget holder.
A specific cost of an activity or business which would be avoided if the activity or business did not exist.

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image
6. Which of the following statements that relate to different type of data are true?
1 and 2 only
2 and 3 only
2 and 4 only
3 and 4 only

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Media Image
7. The total costs of a business for differing levels of output are as follows:
Y=$30,000 + $100x
Y=$30,000 + $110x
Y=$10,000 + $110x
Y=$10,000 + $100x

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

8. Which of the following statements describes the essence of systematic sampling?
Each element of the population has an equal chance of being chosen
Members of various strata are selected by interviewers up to predetermined limits
Every nth member of the population is selected
Every element of one definable sub-section of the population is selected

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