1. Based on the ratio analysis, which aspect of the business are employees most interested in?

A.Debt to Equity ratio

B.Short-term financial stability

C.Long-term financial stability

D.Profitability

E.Customer Retention

2 With respect to the balanced scorecard, the revenue per available room (RevPar) is a measure that relates to:"

A.The financial performance dimension.

B.The customer performance dimension.

C.The internal process performance dimension.

D.The learning & growth performance dimension.

E.None of the above.

3 What is an example of an objective performance indicator?

A.Number of training hours in work, health and safety standards

B.Customer satisfaction

C.Perceived food quality.

D.Degree of cleaningness

E.Staff empowerment

4 The manager of the human resource department is heading which of the following responsibility centre?

A.Engineered Cost Centre

B.Profit Centre

C.Revenue Centre

D.Investment Centre

E.Discretionary Cost Centre

5 The Majestic Restaurant has provided you with the following data for its last financial year:

Contribution margin: $400,000

Fixed costs: $130,000

Profit: $270,000

Assets $900,000

Majestic's head office requires a 10% rate of return on assets. What was Majestic Restaurant's ROI in the last financial year?

A.14%

B.23%

C.30%

D.44%

E.40%

6 Which of the following statements is not true.

A.Fixed costs are reported as the same amount in a static and a flexible budget.

B.A labour rate variance arises if the actual wage rate differs to the budgeted wage rate.

C.A flexible budget is a control technique that can be used because it can be hard for an organisation to accurately predict its sales volume in a future period.

D.In a static budget system, a budget is not modified once the actual volume of sales is known.

E.If the flexible budget figure for material costs is more than the actual figure for material costs, there must be a favourable material price variance.

7 When costing a the banquets event, the expenses incurring for the lighting equipment hire specific for this event can be classified as one of the following:"

A.Direct cost

B.An opportunity cost

C.A variable cost

D.An indirect cost

E.A sunk cost

could you give me correct answer and short explanation