1. Which of the following are tools of management accounting?
A) Decision accounting
B) Standard costing
C) Budgetary control
D) Human Resources Accounting
a) A, B and D
b) A, C and D
c) A, B and C
d) A, B, C, D
2. Management accounting is related with
a) The problem of choice making
b) Recording of transactions
c) Cause and effect relationships
a) A and B
b) A and C
c) B and C
d) All are false
3. Management accountancy is a structure for
a) Costing
b) Accounting
c) Decision making
d) Management
4. Who coined the concept of management accounting?
a) R.N Anthony
b) James H. Bliss
c) J. Batty
d) American Accounting
5. Management accounting deals with
a) Quantitative information
b) Qualitative information
c) Both a and b
d) None of the above
6. Management accounting highlights staff relationship with top management as well as other personnel.
a) True
b) False
7. The definition of Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.
a) Ango-American Council on Productivity
b) AICPA
c) Robert N. Anthony
d) All of the above
8. The second term for Horizontal Analysis is
a) Dynamic Analysis
b) Inter-firm Analysis
c) Time-series Analysis
d) All of the above
9. Vertical analysis is also known as
a) Static analysis
b) Structural analysis
c) Cross-sectional analysis
d) All of the above
10. The assessment of financial statements by a shareholder is an example of
a) Vertical Analysis
b) Horizontal Analysis
c) Internal Analysis
d) External Analysis