1. Which of the following correctly outlines external factors that have led to changes in the contemporary business environment and management accounting?

Select one:

A.The increasing trend towards outsourcing non-essential activities and the rapid developments in information and communications technology.

B.The emergence of a small companies that have global reach and the increasing and broader focus from stakeholders on corporate accountability.

C.Global economic events such as the global financial crisis and changing organizational structures resulting in the removal of layers of middle management.

D.Growth in the number of employees working from virtual offices and the changing organizational structures resulting in the removal of layers of middle management.

2.Minimum transfer price is calculated as per unit opportunity cost to the selling subunit of company and added into unit incremental cost is incurred at point of transfer.

Select one:

A.False

B.True

C.None of the above

3.The ultimate drivers of long-term growth are usually reflected in which perspective of the Balanced Scorecard?

Select one:

A.Learning and Growth

B.Customer

C.Internal business process

D.Financial