Which of the following statements is false?

i Qualitative information is not relevant for planning purposes.

ii Production costs are important for planning purposes, but selling and administration costs are not.

iii Information on revenues is not important for planning purposes.

Select one:

i

iii

i and iii

i, ii and iii

Clear my choice

Question18

Which of the following statements is false?

Select one:

Costing is common to both conventional and contemporary management accounting.

Activity-based costing is common to both conventional and contemporary management accounting.

Performance measurement is common to both conventional and contemporary management accounting.

Contemporary performance measurement covers a range of critical success factors.

Clear my choice

Question19

Budgeting can be used in an organisation to:

Select one:

motivate managers to achieve organisational goals

control operations

provide managers with information for making decisions and planning

All of the given answers

Clear my choice

Question20

Which is the correct order of cost incurrence in the value chain?

Select one:

R & D, Product Design, Manufacturing, Marketing, Distribution, Customer Support

R & D, Product Design, Customer Support, Marketing, Distribution, Manufacturing

R & D, Product Design, Manufacturing, Distribution, Customer Support, Selling

R & D, Product Design, Manufacturing, Distribution, Marketing, Customer Support