ACC305

1

The 'vision' of an organisation:

Select one:

A.is only useful for non profit organisations.

B.refers to detailed plans for the next year.

C.refers to specific statements of objective, upon which goals can be set.

D.refers to the desired future state of an organisation.

2.

Contemporary management accounting:

Select one:

A.is essentially the same as financial accounting.

B.means not using any traditional techniques.

C.means combining modern and traditional techniques to provide a strategic viewpoint.

D.only focusses on quantitative information

3.

Strategies:

Select one:

A.are directions that a firm intends to take in the long term.

B.are the same as objectives and goals.

C.are independent of the firm's mission statement.

D.are normally focussed on the short term.

4

If a firm's senior management decide to follow a harvest strategy, their focus could be to concentrate on:

Select one:

A.investing in research and development.

B.maximising short term profit.

C.increasing market share in future.

D.improving brand awareness over the medium term.

5

Thenumberofproductsreturnedbycustomers,and the number of complaintsaremeasuresrelatedto

Select one:

A.learningandgrowth.

B.customerperspective.

C.financialperspective.

D.internalbusinessprocesses.