Accounting Multiple Choice Question – 24 January 2025

Which of the following statements about critical success factors (CSFs) for a business is true?

Select ONE answer:

1. Low costs will always be a CSF; high sales revenue will always be a CSF
2. Low costs will always be a CSF; high sales revenue will not always be a CSF
3. Low costs will not always be a CSF; high sales revenue will always be a CSF
4. Low costs will not always be a CSF; high sales revenue will not always be a CSF

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct == > High quality might be more important than costs, high margins might be more important than revenue. We cannot therefore state that either low costs or high sales revenue will always be CSFs.

This work is licensed under a Creative Commons Attribution 4.0 International License.