The following statements relate to the participation of junior management in setting budgets:1 It speeds up the setting of budgets2 It increases the motivation of junior managers3 It reduces the level of budget padding Which statements are true?
A: 1 only
B: 2 only
C: 2 and 3 only
D: 1, 2 and 3
A: 1 only
B: 2 only
C: 2 and 3 only
D: 1, 2 and 3
举一反三
- Which of the following statements regarding the limitations of cost and management accounting information is/are true? A: 1 only B: 2 only C: 1 and 2 D: Neither
- Which of the following are books of prime entry?1 Sales day book2 Cash book3 Journal4 Purchase ledger A: 1 and 2 only B: 1, 2 and 3 only C: 1 only D: All of them
- Which of the following statements is/are true? 1.A supplier of goods on credit is interested only in the statement of financial position, ie an indication of the current state of affairs. 2.The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an entity that is useful to wide range of uses in making economic decisions. A: 1 only B: 2 only C: Both 1 and 2 D: Neither 1 or 2
- Which of the following items （that all generate future economic benefits, and whose costs can be measured reliably）, is an intangible non-current asset? 1 Computer hardware owned by a business 2 Operating software that operates the computer hardware in （1） 3 A patent bought by a business 4 An extension to an office building owned by a business A: All four items B: 1, 2 and 4 only C: 1 and 2 only D: 3 only
- Which of the following costs may be included when arriving at the cost of finished goods inventory for inclusion in the financial statements of a manufacturing company? 1 Carriage inwards 2 Carriage outwards 3 Depreciation of factory plant 4 Finished goods storage costs 5 Factory supervisors' wages A: 1 and 5 only B: 2,4 and 5 only C: 1,3 and 5 only D: 1,2,3 and 4 only