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MCQs

Total Questions : 80 | Page 8 of 8 pages
Question 71. The flow of goods and services, from the start of gathering materials until the delivery of products, is known as
  1.    flow chart analysis
  2.    supply chain analysis
  3.    resource chain analysis
  4.    acquiring analysis
 Discuss Question
Answer: Option B. -> supply chain analysis
Answer: (b).supply chain analysis
Question 72. The step by step business functions, in which product or services must have customer usefulness, is classified as
  1.    value chain
  2.    useful chain
  3.    product chain
  4.    services chain
 Discuss Question
Answer: Option A. -> value chain
Answer: (a).value chain
Question 73. An officer responsible for financial operations of organization is considered as
  1.    chief financial officer
  2.    chief manager
  3.    chief line function
  4.    chief staff function
 Discuss Question
Answer: Option A. -> chief financial officer
Answer: (a).chief financial officer
Question 74. The decisions regarding usage of material, kind and changes in plant processing are a part of
  1.    past management
  2.    future management
  3.    help management
  4.    cost management
 Discuss Question
Answer: Option D. -> cost management
Answer: (d).cost management
Question 75. The function of management accountant, who works as business partner comes under the category of
  1.    asset function
  2.    investment function
  3.    line function
  4.    staff function
 Discuss Question
Answer: Option D. -> staff function
Answer: (d).staff function
Question 76. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as
  1.    external accounting
  2.    internal accounting
  3.    business accounting
  4.    financial accounting
 Discuss Question
Answer: Option D. -> financial accounting
Answer: (d).financial accounting
Question 77. The purpose of financial accounting is
  1.    communicating company position to investors
  2.    helping managers make decisions
  3.    future oriented
  4.    single person orientation
 Discuss Question
Answer: Option A. -> communicating company position to investors
Answer: (a).communicating company position to investors
Question 78. The cost management technique which specially addresses strategic issues is classified as
  1.    address management
  2.    issue management
  3.    strategic cost management
  4.    managerial cost
 Discuss Question
Answer: Option C. -> strategic cost management
Answer: (c).strategic cost management
Question 79. Some of the methods used for determining transfer prices are
  1.    market-based transfer prices
  2.    cost-based transfer prices
  3.    negotiated transfer prices
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 80. A situation when groups and individuals work together for achieving a particular goal can be classified as
  1.    motivation
  2.    goal congruence
  3.    effort
  4.    autonomy
 Discuss Question
Answer: Option B. -> goal congruence
Answer: (b).goal congruence

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