This quiz works best with JavaScript enabled. Home > Accounting > Management Accounting > Management Accounting – Quiz 53 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Management Accounting Quiz 53 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A ..... reflects the company's position by showing what the company owes and what it owns. A) Income Statement. B) Cash flow forecast. C) Balance Sheet. D) P/L Account. Show Answer Correct Answer: C) Balance Sheet. 2. SMA(Strategic Managment accounting) refers to: A) Providing information to support strategic plans and decisions. B) Providing information to support accounting and digital transformation. C) Providing strategic Databases for Managers. D) Strategic information from Operations to General Managers. Show Answer Correct Answer: A) Providing information to support strategic plans and decisions. 3. Which of the following is a key component of EMA? A) Setting environmental objectives. B) Integrating environmental data with financial data. C) Calculating greenhouse gas emissions. D) Conducting environmental impact assessments. Show Answer Correct Answer: B) Integrating environmental data with financial data. 4. Revenue Expenditure is money spent on items in the day to day running of a business; (E.g Raw materials) A) True. B) False. Show Answer Correct Answer: A) True. 5. ECOEFFICIENCY OF ENVIRONMENTAL MANAGEMENT ACCOUNTING TO A BUSINESS EXCEPT A) The ecoefficiency of environmental management accounting to a business refers to the decrease cost of implementing environmental management accounting. B) The ecoefficiency of environmental management accounting to a business refers to the impact on employee satisfaction lead to employees greater productivity. C) The ecoefficiency of environmental management accounting to a business refers to the competitive disadvantage. D) The ecoefficiency of environmental management accounting to a business refers to the effectiveness of using environmental management accounting to improve a company's image. Show Answer Correct Answer: C) The ecoefficiency of environmental management accounting to a business refers to the competitive disadvantage. 6. Canteen expenses for factory workers are part of: A) Factory overhead. B) Administration Cost. C) Marketing cost. D) None of the above. Show Answer Correct Answer: A) Factory overhead. 7. The Board of Directors (BoD) remains in effective control of the affairs of the company at all times A) True. B) False. Show Answer Correct Answer: A) True. 8. To reduce the excessive focus of subunit managers on their own subunits, many companies compensate subunit managers on the basis of: A) Both the operating income earned by their respective subunits and the company as a whole. B) Both the investing income earned by their respective subunits and the company as a whole. C) Only the investing income earned by their respective subunits. D) Both the net income and earned by their respective subunits and the company as a whole. Show Answer Correct Answer: A) Both the operating income earned by their respective subunits and the company as a whole. 9. This will depend upon factors like cost of current and fixed assets, promotional expenses and long-range planning. A) Determining capital structure. B) Determining capital requirements. C) Framing financial policies. D) Cash Flow Analysis. Show Answer Correct Answer: B) Determining capital requirements. 10. For reaching final decision, management has to apply its Except: A) Skill. B) Common sense. C) Past experience. D) Future data. Show Answer Correct Answer: D) Future data. 11. Management deals with A) Quantitative. B) Qualitative. C) Both. D) None of above. Show Answer Correct Answer: C) Both. 12. Will the company be able to pay its short-term debts? A) Customers. B) Finance. C) Creditors. D) Marketing. Show Answer Correct Answer: C) Creditors. 13. Marketing department A) Internal Users. B) External Users. Show Answer Correct Answer: A) Internal Users. 14. The direct materials efficiency variance is computed as A) (SP X AQ)-(AP X SQ). B) (AP X AQ)-(SP X SQ). C) (SP X AQ)-(SP X SQ). D) (AP X SP)-(AQ X SQ). Show Answer Correct Answer: C) (SP X AQ)-(SP X SQ). 15. Tenzin Ltd. Which is Finance Based Ecommerce Company has a current ratio of 3.5:1 and quick ratio of 2:1. If excess of current assets over quick assets represented by inventories is Rs. 24, 000, What will be the value of current assets? A) 66000. B) 55500. C) 56000. D) 55000. Show Answer Correct Answer: D) 55000. 16. Legacy is a A) Revenue expenditure. B) Capital receipt. C) Capital expenditure. D) Revenue receipt. Show Answer Correct Answer: B) Capital receipt. 17. Which of the following is accurate formula for Conversion Cost? A) Direct Material Cost+Direct Labour Cost. B) Direct Labour Cost+Manufacturing Overhead Cost. C) Direct Material Cost+Direct Labour Cost+Manufacturing Overhead Costs. D) Direct Material Cost+Direct labour Cost+Manufacturing Overhead Cost+Non Manufacturing Overhead Cost. Show Answer Correct Answer: B) Direct Labour Cost+Manufacturing Overhead Cost. 18. The following is the objective of cost accounting except ..... A) Ascertainment of cost. B) Planning and controlling cost. C) Decision making. D) Observations. Show Answer Correct Answer: D) Observations. 19. Asset accounts decrease with a A) Debit. B) Credit. Show Answer Correct Answer: B) Credit. 20. A manager can be blamed for ..... adverse variance. A) Controllable. B) Non controllable. C) Improvement in quality. D) Reduction in cost. Show Answer Correct Answer: A) Controllable. ← PreviousNext →Related QuizzesAccounting QuizzesManagement Accounting Quiz 1Management Accounting Quiz 2Management Accounting Quiz 3Management Accounting Quiz 4Management Accounting Quiz 5Management Accounting Quiz 6Management Accounting Quiz 7Management Accounting Quiz 8Management Accounting Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books