1. At which level of control of accounting are short-term forecasts used?

2. Which of the following is the most likely feature of a strategic report?

a. Detailed reports of day-to-day operations

b. Summary of general trends

c. Focuses on the company's current position only

d. Reports that include budgets and forecasts

3. Which of the following is not included in the stages of activity-based management?

a. identify the activities that the organisation performs

b. Calculate the cost of each activity

c. Identify the activity cost driver for each activity

d. Sum up the activity costs to find overhead rate