21 ed out of question Which among the following is not an essential feature of strategic objectives? O a. Strategic objectives are specific O b. Strategic objectives are rigid and with little scope for future changes O c. Strategic objectives are simple and easy to understand O d. Strategic objectives support the mission and helps the organization to move in the right direction -22 Which one of the following is the main problem with using non-probability sampling technique? ed out of question O a. The results are never representative O b. Non co-operation of informants O c. The expense Od. Human judgement error Question 23 Not yet answered Marked out of 1.00 Flag question Management accounting is related with: A. The problem of choice making B. Recording of business transactions C. Cause and effect relationships. O a. B and C O b. A and C O c. All are false O d. A and B Question 24 Not yet answered Marked out of 1.00 Flag question The cost driver for supervising activity is: O a, Number of tests Ob. Number of checks Oc. Direct labour hours Od. Machine hours Question 26 Not yet answered Marked out of 1.00 O a. Process O b. Activities Flag question Oc. Processes refers to the things an organization needs to perform the required tasks. O d. Resources Question 27 Not yet answered Marked out of 1.00 Flag question Which one of the following budgets should be produced first? O a. Production budget O b. Sales budget Oc. Master budget O d. Purchases budget Question 28 Not yet answered Marked out of 1.00 Flag question Lottery method is an example of: O a. Multi-stage sampling O b. Systematic random sampling Oc. Simple random sampling O d. Cluster sampling Question 29 Not yet answered Marked out of 1.00 Flag question Which among the following costs can be directly traced to the product? O a. Telephone rent O b. Electricity Expense Oc. Raw material cost O d. Office rent Question 25 Not yet answered The following data regarding budgeted purchase of materials is furnished before you Flag question Marked out of 1.00 Budgeted Purchase OMR January 12,000 February 14,000 13,800 12,500 March April May 14,100 The cash purchase is 40%. It is estimated that 60% of the credit purchase will be paid after one month of purchase and the balance on the month after that. The amount of cash paid to creditors in the month of May is: O a. RO 7812 O b. RO 7680 O c. RO 7968 O d. RO 7920 Question 30 Not yet answered Marked out of If a company normally expects a mark-up on cost of 50% and estimates that a new product will sell successfully at a price of RO 15, then the maximum cost of production should be: O a. RO 7.5 1.00 O b. RO 10 Flag question O c. RO 20 O d. RO 5 Question 31 Not yet answered Marked out of 1.00 Budget prepared for operating activities is prepared: O a. Once in five years O b. Weekly Flag question Oc. Annually O d. Monthly