Gordon works in the accounts department of a retail business. He and his colleagues are looking at the sales figures for
various types of clothing. The director asks them to use exception reporting to summarise their findings.
Which of the following correctly defines the concept of 'exception reporting' within a business context?
Rationale: Exception reporting focuses attention on those items where performance differs significantly from standard or
budget.Pitfalls: The word 'exceptional' was placed in other options as a distractor!
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Monetary policy is a government economic policy relating to:
1 Interest rates
2 Taxation
3 Public borrowing and spending
4 Exchange rates
Which of the above are correct?
Which of the following organisations might benefit from a period of high price inflation?
Which of the following are the goals of macroeconomic policy?
1 Encouraging economic growth
2 Low unemployment
3 Achievement of a balance between exports and imports
4 Achieving zero inflation
Which of the following is an example of cyclical unemployment?
A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?
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