1. A focus on is NOT a focus of Management Accounting. a. timely and relevant information used in decision-making (rather than accurate and verifiable information) b. the possible financial consequences of future plans on the whole organisation c. compliance with legislation and reporting standards d. compliance with ethical and sustainability standards 2. Which one of the following steps is NOT part of the decision-making process? a. Identify the issue requiring a management decision and define the objective/s to be achieved. b. Identify possible alternative courses of action. c. Collect relevant information about the consequences of the best or preferred alternative only. d. Make a decision, by selecting the preferred alternative. e. Implement the decision and monitor to evaluate actual outcomes. 3. Which one of the following statements is incorrect with regard to cost accounting? a. Cost accounting is a sub-set of management accounting. b. Cost accounting is focused on cost computation, cost control, and overall cost reduction in the organisation. c. Cost accounting involves a process of measuring, analysing, and reporting both financial as well as non-financial information for both management accounting and financial accounting. d. Cost accounting involves a process of measuring, analysing, and reporting both financial as well as non-financial information for management accounting only. 4. Consider the following statements with regard to Corporate social responsibility (CSR): i. Corporate social responsibility refers to the involvement of corporates in social projects to help advance the communities in which they operate. ii. Corporate social responsibility requires organisations to be good corporate citizens that conduct their business ethically. iii. Corporate social responsibility requires organisations to go beyond the minimum legal requirements to protect the environment and contribute to social welfare. iv. The effect of corporate social responsibility is that corporations no longer pursue only wealth creation for their shareholders. Which one of the following combinations of statements is correct? a. (i), (ii) and (iii) b. (i), (ii), (iii) and (iv) c. (ii), (iii) and (iv) d. (i), (iii) and (iv)