The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as– (A) Common Dollar Accounting (B) Social Accounting (C) Cost Accounting (D) Management Accounting

The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as– (A) Common Dollar Accounting (B) Social Accounting (C) Cost Accounting (D) Management Accounting  
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Answer: Management Accounting
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Last Answer : C. Management accounting

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Last Answer : Answer: the agreement with his client.

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Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet

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Last Answer : An expert providing a written communication as the product of the engagement

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Description : What is a decision tree?

Last Answer : A diagram of a sequence of decisions, each of which involves choosing between a known number of alternatives and depends on the resultants of the previous decisions

The risk of material financial statement misstatement may be greater when the following conditions exist except a. When there is greater management intervention to specify the accounting treatment. b. When there is sufficient personnel with appropriate accounting and financial reporting skillsc. When there is greater manual intervention for data collection and processing. d. Complex calculations or accounting principles is involved.

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Last Answer : When there is sufficient personnel with appropriate accounting and financial reporting skills

Which of these is not an objective of Cost Accounting? (a) Ascertainment of Cost (b) Determination of Selling Price (c) Cost Control and Cost reduction (d) Assisting Shareholders in decision making

Description : Which of these is not an objective of Cost Accounting? (a) Ascertainment of Cost (b) Determination of Selling Price (c) Cost Control and Cost reduction (d) Assisting Shareholders in decision making

Last Answer : (d) Assisting Shareholders in decision making

The branch logic that provides decision making capabilities in the control unit is known as_______ A. conditional transfer B. unconditional transfer C. Both (A) and (B) D. None of the above

Description : The branch logic that provides decision making capabilities in the control unit is known as_______ A. conditional transfer B. unconditional transfer C. Both (A) and (B) D. None of the above

Last Answer : B. unconditional transfer

The branch logic that provides decision making capabilities in the control unit is known as a. controlled transfer b. conditional transfer c. unconditional transfer d. none of above

Description : The branch logic that provides decision making capabilities in the control unit is known as a. controlled transfer b. conditional transfer c. unconditional transfer d. none of above

Last Answer : c. unconditional transfer

Sometimes an auditor is called upon to review the operations of an enterprise for evaluating their cost-effectiveness. What is this kind of audit generally known as ? (A) Cost Audit (B) Operations Audit (C) Tax Audit (D) Independent Financial Audit

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Last Answer : Answer: Cost Audit

The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

Description : The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

Last Answer : Answer: Liquidity management

In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Description : In which one of the following, Crisis Management is reflected ? (A) Future expansion plans of business (B) Organization Development Programme (C) Short-term Manpower Planning (D) Prudent managerial leadership

Last Answer : Answer: Prudent managerial leadership

Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Description : Hawthorne studies have underlined the significance of which of the following ? (A) System approach to management (B) Contingency approach to management (C) Modern approach to management (D) Human relations approach to management.

Last Answer : Answer: Human relations approach to management.

Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Description : Which one of the following is the most appropriate management control technique for timely completion of a project ? (A) Organisation chart (B) Management by Objectives (C) PERT (D) Span of control

Last Answer : Answer: PERT

The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Description : The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ? (A) 1 only (B) 2 only (C) Both 1 and 2 (D) Neither 1 nor 2

Last Answer : Answer: Both 1 and 2

Who is Father of Scientific Management ? (A) Henry Fayol (B) Elton Mayo (C) Chester Bernard (D) F. W. Taylor

Description : Who is Father of Scientific Management ? (A) Henry Fayol (B) Elton Mayo (C) Chester Bernard (D) F. W. Taylor

Last Answer : Answer: F. W. Taylor

Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires

Description : Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires

Last Answer : Answer: Doctrine of Indoor Management

Share Premium received by a Company may be used for– (A) Payment of dividend (B) Payment of remuneration to management (C) Issue of Bonus shares (D) None of these

Description : Share Premium received by a Company may be used for– (A) Payment of dividend (B) Payment of remuneration to management (C) Issue of Bonus shares (D) None of these

Last Answer : Answer: Issue of Bonus shares

Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Description : Who is called ‘The Father of Scientific Management’ ? (A) Elton Mayo (B) Henry Fayol (C) E. F. L. Breach (D) F. W. Taylor

Last Answer : Answer: F. W. Taylor

Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations

Description : Management by exception implies focussing attention on– (A) All variations (B) Normal variations (C) Abnormal variations (D) Randomly selected variations

Last Answer : Answer: Abnormal variations

MBO approach in management was introduced by– (A) M. P. Follet (B) Keith Davis (C) Peter Drucker (D) Oliver Sheldon

Description : MBO approach in management was introduced by– (A) M. P. Follet (B) Keith Davis (C) Peter Drucker (D) Oliver Sheldon

Last Answer : Answer: Peter Drucker

Planning function of management is performed by– (A) Top management (B) Middle management (C) Lower management (D) All of the above

Description : Planning function of management is performed by– (A) Top management (B) Middle management (C) Lower management (D) All of the above

Last Answer : Answer: All of the above

Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Description : Which management functions are closely related to ? (A) Planning and Organising (B) Organising and Staffing (C) Staffing and Control (D) Planning and Control

Last Answer : Answer: Planning and Control

The ‘Principle of Exception’ states that management should– (A) Check everything without exception (B) Invariably take corrective action without exception (C) Accept exceptions in emergencies (D) Concentrate their attention on exceptions

Description : The ‘Principle of Exception’ states that management should– (A) Check everything without exception (B) Invariably take corrective action without exception (C) Accept exceptions in emergencies (D) Concentrate their attention on exceptions

Last Answer : Answer: Concentrate their attention on exceptions

Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Description : Internal Auditor is appointed by the– (A) Management (B) Shareholders (C) Government (D) Statutory Auditor

Last Answer : Answer: Management

Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Description : Which one of the following statements is correct ? (A) Internal audit and Management audit are the same (B) Internal audit and statutory audit are the same (C) Internal audit is compulsory in all cases (D) Statutory audit of company accounts is compulsory

Last Answer : Answer: Statutory audit of company accounts is compulsory

What does management audit imply ? (A) Complete audit (B) Detailed audit (C) Efficiency audit (D) Interim audit

Description : What does management audit imply ? (A) Complete audit (B) Detailed audit (C) Efficiency audit (D) Interim audit

Last Answer : Answer: Efficiency audit