F2名习题_ACCA英国注册会计师

Which of the following statements about budgeting and motivation are true?(i) A target is more motivating than no target at all(ii) The problem with a target is setting an appropriate degree of difficulty(iii) Employees who are challenged tend to withdraw their commitment

A

All of them

B

(ii) and (iii) only

C

(i) and (ii) only

D

(iii) only

Which of the following best describes a top-down budget?

A

A budget which has been set by scaling down individual expenditure items until the total budgeted expenditure can be met from available resources

B

A budget which is set by delegating authority from top management, allowing budget holders to participate in setting their own budgets

C

A budget which is set without permitting the ultimate budget holder to participate in the budgeting process

D

A budget which is set within the framework of strategic plans determined by top management

In which of the following situations would the use of imposed budgets NOT be appropriate?

A

In times of crisis, when the organisation’s survival is at stake

B

During periods of economic hardship, when ‘every cent counts’

C

In a very small business

D

In a large organisation with a flat management structure and ‘empowered’ employees

In which of the following circumstances is the use of a participative budgeting process appropriate?(i) In decentralised organisations(ii) When acceptance of the budget as fair and equitable is essential(iii) When an organisation's different units act autonomously

A

All of (i), (ii) and (iii)

B

(ii) and (iii) only

C

(i) and (ii) only

D

(iii) only

Which of the following best describes a controllable cost?

A

A cost which can be easily forecast and is therefore readily controllable using budgetary control techniques

B

A cost which can be specifically identified with a particular cost object

C

A cost which is easily controlled because it is not affected by fluctuations in the level of activity

D

A cost which can be influenced by its budget holder

You are currently employed as a Management Accountant in an insurance company. You are contemplating starting your own business. In considering whether or not to start your own business, what would your current salary level be?

A

A sunk cost

B

An incremental cost

C

An irrelevant cost

D

An opportunity cost

In decision making, costs which need to be considered are said to be relevant costs. Which of the following are characteristics associated with relevant costs?(i) Future costs(ii) Unavoidable costs(iii) Incremental costs(iv) Differential costs

A

(i) and (iii) only

B

(i) and (ii) only

C

(i), (iii) and (iv) only

D

All of them

A machine owned by a company has been idle for some months but could now be used on a one year contract which is under consideration. The net book value of the machine is $1,000. If not used on this contract, the machine could be sold now for a net amount of $1,200. After use on the contract, the machine would have no saleable value and the cost of disposing of it in one year's time would be $800. What is the total relevant cost of the machine to the contract?

A

$400

B

$800

C

$1,200

D

$2,000

Which of the following would be part of the capital expenditure budget?(i) Purchase of a new factory premises(ii) Replacement of existing machinery(iii) Refurbishment of existing factory premises(iv) Purchases of raw materials

A

(i) and (ii) only

B

(iii) and (iv) only

C

(i), (ii) and (iii) only

D

(ii) and (iv) only

A building society adds interest monthly to investors' accounts even though interest rates are expressed in annual terms. The current rate of interest is 6% per annum.An investor deposits $1,000 on 1 January. How much interest will have been earned by 30 June?

A

$30.00

B

$30.38

C

$60.00

D

$300

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