You can study mcq objective type question answer set 5 for online assignment and exam of distance learning program. DistPub bring collection of online multiple choice objective type questions.
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Account for Manager Online Assignment Set 5
Account Online MCQ Test Assignment
Study Account Online MCQ Test Assignment for your amity mba bba courses, ignou mba, imt cdl, smu and upes management program. This is important online mcq question answer for various distance learning program.
Q1: The amount that relates to “Taxation” in the cash flow statement reflects the tax___during the period
Answer
Answer: paid
Q2: Listed companies are required to produce a cash flow statement under___Accounting Standard number 7
Answer
Answer: International
Q3: The gross profit margin ratio is defined as gross profit divided by___(x 100%)
Answer
Answer: sales revenue
Q4: Dividend per share divided by the market value of the share is known as the dividend___ratio
Answer
Answer: yield
Q5: The average inventories turnover period ratio (in days) is defined as inventories held divided by cost of___, all multiplied by 365
Answer
Answer: sales
Q6: The acid test ratio is normally defined as current assets (excluding inventories) divided by___
Answer
Answer: current liabilities
Q7: A high___/___ratio implies that investors are confident about the future earnings of the business
Answer
Answer: price/earnings
Q8: Return on ordinary shareholders’ funds is one of the___ratios
Answer
Answer: profitability
Q9: The net profit margin ratio is calculated as net profit before interest and tax (x100) divided by___
Answer
Answer: sales revenue
Q10: The___ratio is calculated as current assets divided by current liabilities
Answer
Answer: current
Q11: Interest cover ratio is one of the___group of ratios
Answer
Answer: gearing
Q12: The dividend payout ratio is an example of an___ratio
Answer
Answer: investment
Q13: Costs are either fixed or___
Answer
Answer: variable
Q14: ___costs remain the same per unit of output, irrespective of the volume of output
Answer
Answer: Variable
Q15: Over large volumes of output, fixed costs often increase in___
Answer
Answer: steps
Q16: In a graph of cost against volume, the total cost line strikes the cost axis at a value equal to the___
Answer
Answer: fixed costs
Q17: Break-even point equals fixed costs for the period divided by___per unit
Answer
Answer: contribution
Q18: The margin of___is the difference between the planned (or actual) level of activity and the break-even point
Answer
Answer: safety
Q19: A business that has high fixed costs compared with its variable costs is said to have high___gearing
Answer
Answer: operating
Q20: A___-___chart is a variation of a break-even chart
Answer
Answer: profit-volume
Q21: Non-___relationships are a potential problem in break-even analysis
Answer
Answer: straight-line
Q22: ___analysis is the approach adopted by decision makers where fixed costs can be seen as irrelevant
Answer
Answer: Marginal
Q23: The___cost of a unit of output includes all elements of cost of producing it
Answer
Answer: full
Q24: The method of pricing where a loading is applied to the cost is known as___-___pricing
Answer
Answer: cost-plus
Q25: ___costing is the approach that is taken to full costing where all of the units of output are identical
Answer
Answer: Process
Q26: Indirect costs are often known as___
Answer
Answer: overheads
Q27: The rent of the factory would be one of the___costs of products made in the factory
Answer
Answer: indirect
Q28: The key issue in activity based costing (ABC) is the identification of the cost___
Answer
Answer: drivers
Q29: The objective of ABC is to derive the___cost of production
Answer
Answer: full
Q30: ___costing is an approach where a set of identical products is produced, where each one of the set is identical, but each set is different
Answer
Answer: Batch
Q31: If the full cost is charged for each unit of output, the business should___
Answer
Answer: break even
Q32: It is quite common for full costs to be estimated in___
Answer
Answer: advance
Q33: A budget is a financial___for the short term
Answer
Answer: plan
Q34: A___budget is one that can be revised to reflect various possible outcomes regarding the volume of activity
Answer
Answer: flexible
Q35: The budgeted income statement, balance sheet and cash flow statement are collectively referred to as the___budgets
Answer
Answer: master
Q36: Budgets can help to___the various aspects of the business
Answer
Answer: co-ordinate
Q37: Providing feedback on actual performance can enable a system of management by___to operate
Answer
Answer: exception
Q38: The variance that deals with under and/or over achievement of budgeted direct labour times is the direct labour___variance
Answer
Answer: efficiency
Q39: The budgeted profit plus the favourable variances, minus the adverse variances equals the___
Answer
Answer: actual profit
Q40: When flexing the budget, fixed costs are___
Answer
Answer: unaffected
Q41: Significant variances should lead to___
Answer
Answer: action
Q42: It is widely believed that budgets can___managers
Answer
Answer: motivate
Q43: Money has a time value for three reasons; interest foregone, inflation and___
Answer
Answer: risk
Q44: Net present value is the only one of the investment appraisal techniques that will directly promote maximisation of___
Answer
Answer: shareholders’ wealth
Q45: The internal rate of return can be defined as the discount rate that causes the project to have a___net present value
Answer
Answer: zero
Q46: A project that involves an initial outflow of £1,000 followed by annual cash inflows of £200 each year, is said to have a payback period of___years
Answer
Answer: five
Q47: The___rate of return method takes no account of the time value of money
Answer
Answer: accounting
Q48: Research evidence of what happens in practice reveals that businesses tend to use___methods of investment appraisal
Answer
Answer: multiple
Q49: There is a close link between the return on capital employed (ROCE) ratio and the___rate of return approach to investment appraisal
Answer
Answer: accounting
Q50: Each year’s cash flow is multiplied by a___factor to convert it to its present value
Answer
Answer: discount
Q51: If a project has a___net present value it would normally be rejected
Answer
Answer: negative
Q52: When using discounted cash flow techniques, interest payments should be___
Answer
Answer: ignored
Q53: Generally, working capital tends to involve___amounts of funds
Answer
Answer: large
Q54: The basic economic inventories order quantity seeks to balance stock___costs against stock holding costs
Answer
Answer: ordering
Q55: In the context of inventories management, JIT stands for___
Answer
Answer: just in time
Q56: The average settlement period for receivables (days) ratio is normally calculated as average receivables times 365, divided by annual___sales revenue
Answer
Answer: credit
Q57: An___schedule of receivables is an analysis of receivables according to how long ago the sale was made
Answer
Answer: ageing
Q58: The major element of current liabilities (assuming no bank overdraft) is trade___
Answer
Answer: payables
Q59: Categorising inventories according to the value of the items is often known as the___system of inventories control
Answer
Answer: ABC
Q60: The five___of credit provides a useful checklist when considering a request for trade credit
Answer
Answer: Cs
Q61: The___cash cycle is the period between the outlay of cash on inventories and the receipt of cash from the customer
Answer
Answer: operating
Q62: A reduction in the amount paid by a credit customer to encourage prompt payment is known as a___discount
Answer
Answer: cash
Q63: Businesses raise new funds in the___capital market
Answer
Answer: primary
Q64: One of the advantages of a___issue is that the directors do not have to worry too much about the issue price
Answer
Answer: rights
Q65: From the investors’ point of view, ordinary shares tend to be risky but provide___returns
Answer
Answer: high
Q66: A ___loan stock is one that can be exchanged for some of the companies’ shares at some stage
Answer
Answer: convertible
Q67: Interest rates can either be fixed or___
Answer
Answer: floating
Q68: The___capital market is that part of the capital market where investors can buy and sell existing securities from other investors
Answer
Answer: secondary
Q69: ___capital is long-term capital provided by certain institutions to help businesses, that are usually new and small, to exploit profitable opportunities
Answer
Answer: Venture
Q70: ___are the major source of new finance for most UK businesses of all sizes
Answer
Answer: Retained profits
Q71: A share issue by___is one where potential investors make offers for the shares, specifying the price that they are willing to pay
Answer
Answer: tender
Q72: A loan___is often included in loan contracts, so that the borrower is required to comply certain obligations
Answer
Answer: covenant
