To enhance the reliability of information, it should also be verifiable, which means that it is relatively free of error and bias.

Question 1 options:

	1) True
	2) False

Which of the following factors might bias a manager towards focussing on short-term performance?

Question 3 options:

1)	A bonus plan based on six-monthly or yearly profit

2)	A long-term employment contract

3)	A bonus plan based on share-price movements over a four-year period

4)	All of these choices

If managers think they are responsible for ensuring that resources are not adversely impacted by their operations, then they are accepting accountability for that resource.

Question 5 options:

	1) True
	2) False

When analysing costs, fixed and variable costs should always be measured in financial terms.

Question 6 options:

	1) True
	2) False