Unit 5.1 - 2020 MCQs

Question: 1 Any Decisions regarding Material Used and changes in wages of Labors are a part of
A. Past management
B.future management
C.help management
D.Cost management
Question: 2 Management accounting differs from financial accounting in that Management accounting is
A. Primarily concerned with Stockholders.
B. Primarily concerned with external financial reporting.
C. Primarily concerned with quantitative information.
D.Future oriented
Question: 3 Management Accountant , who has some degree of involvement comes under category of
A.Staff function
B.Asset function
C.Investment function
D.Line Function
Question: 4 An objective of financial Accounting is
A. Assessing the adequacy of internal control.
B. Useful only to investors, creditors and other users for decision making.
C. Evaluating management results compared with standards.
D. To report financial information that is useful in making decisions about providing resources to the reporting entity..
Question: 5 A branch of accounting that can support external users and internal users is
A. Social Accounting
B. Management Accounting
C. Cost Accounting
D. Financing Accounting
Question: 6 Purpose of Management Accounting is to
A.past orientation
B.help banks make decisions
C.help managers make decisions
D.help investors make decision
{"name":"Unit 5.1 - 2020 MCQs", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Question: 1 Any Decisions regarding Material Used and changes in wages of Labors are a part of, Question: 2 Management accounting differs from financial accounting in that Management accounting is, Question: 3 Management Accountant , who has some degree of involvement comes under category of","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by: Quiz Maker