Page 275 - BA2 Integrated Workbook STUDENT 2018

Supplementary objective test questions

CHAPTER 1 – THE CONTEXT OF MANAGEMENT ACCOUNTING

1.1 Which of the following statements are true?

(1) Information used by strategic management tends to be summarised.

(2) Information used by strategic management tends to be historical.

(3) Information used by operational management tends to be subjective.

(4) Information used by operational management tends to be provided
frequently.

A (1), (2) and (4) only

B (1), (3) and (4) only

C (2) and (3) only

D (1) and (4) only

1.2 Select the correct word to complete the following sentences.

Management/financial accounting can be presented in any format required by
management.

Management/financial accounting mainly deals with historical financial
information.

The main purpose of management/financial accounting is to produce statutory
financial statements.

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