The purpose of management accounting is to ___________?
A. past orientation B. help banks make decisions C. help managers make decisions D. help investors make decision
Accounting MCQs with Answers
An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?
A. benefit approach B. cost approach C. cost-benefit approach D. accounting approach
The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?
A. value chain B. useful chain C. product chain D. services chain
The function of management accountant, who works as business partner comes under the category of ____________?
A. asset function B. investment function C. line function D. staff function
The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called _____________?
A. organization B. alternation C. planning D. valuing
The quantitative expression of decided plan and coordination, for plan implementation is known as __________?
A. cost format B. decided plan C. coordination plan D. budget
The strategy that interlinks technology and people, to enhance relationships in all the business functions is classified as ____________?
A. technology management B. people management C. customer relationship management D. resource management
The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as ____________?
A. quality B. management chain C. customer chain D. cost chain
In financial accounting, the investors, banks, suppliers and government agencies are classified as _____________?
A. external parties B. internal parties C. environmental parties D. transactional parties
The process of analyzing and reviewing financial records to check the integrity of company financial reports is called __________?
A. internal audit B. external audit C. functional audit D. treasury audit