25. Gelato plc is a transnational business. In its centralised finance function it has large treasury management, financial reporting and management accounting sections

Which of the following reports are produced using Gelato pie's management accounting information system?

1. Reports to directors on ways to manage foreign exchange risk

2. Reports to sales managers on setting prices to customers

3. Reports to directors on performance in the different divisions

A. (1) and (2) only

B. (2) and (3) only

C. (1) and (3) only

D. (1). (2) and (3)

26. All stakeholders need the company in which they have a stake to:

+ adhere to good practice in corporate governance, and

reduce the scope for conflicts between stakeholders' needs.

Which of the following is an additional need of all stakeholders that the company should fulfil?

A. For the company's costs to be minimised

B. For all stakeholders to have representation on the company's board of directors

C. For the interests and expectations of all stakeholders to be reflected in the company's objectives

D. For the net present value of the company's future cash flows to be maximized