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Question 1 Management of the organization heavily depends on the information provided by internal control units to rectify and reduce shortfalls of the organization. Not yet answered Select one: Marked out of 2.00 O True P Flag question O False Question 2 Not yet answered Managerial accountants helps the management in decision making process. They are well aware about the cost, sales and profitability of the organization. Time to time they give good suggestions, advice and opinions to the management. Which of the following is quality related to Managerial accounting? Marked out of 2.00 Flag question O a. Standard costing O b. Judgement OC. Calculations d. Marginal costing Question 3 Accounting rate of return methods target more on the expenses of the organization. Not yet answered Marked out of 2.00 Select one: Flag question O True O False Question 4 Not yet answered Akbar is starting a new business. His close friend is suggesting not to start a business right now due to COVID situation across the globe. Akbar is reluctant but still thinking of starting a business. He has a meeting with consultant to get the feedback related to business. Which of the following is not true for investment decision of business: Marked out of 2.00 P Flag question O a. Investment decision by the firms for long term O b. the risk factor involved in business Oc. Expenditure by the firms requires proper planning d. achieving reasonable returns from the business Question 6 Not yet The current situation arises due to COVID 19, the businesses may not be able to take investment decision about the businesses. There is so much uncertainty, businesses are reluctant to take a decision. Which of the following method bring more risk to the business? answered Marked out of 2.00 Flag question O a. Payback period method O b. Internal rate of return method OC. Accounting rate of return method O d. Net present value method Question 7 Employees working in Red Star LLC have influence on different types of expenses. Not yet answered Select one: Marked out of 2.00 O True P Flag question O False Question 8 Not yet Oman college is one of the best private colleges in Oman. Recently their staff visited SQU Muscat for the matching the quality of education. This is an example of benchmarking. answered Marked out of 2.00 Select one: P Flag question True False