Tag: Management Accounting

Accounting Multiple Choice Question – 19 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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Alex works for Lucy plc.

Alex has been asked by his manager, Bob, to undertake an internal analysis of the company as part of a STRATEGIC planning review.

Which ONE of the following analytical techniques will be useful in this context?

Select ONE answer:

  1. Porter’s five forces analysis
  2. PESTEL analysis
  3. Ansoff’s Matrix
  4. Analysis Of Distinctive Competences

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 — > Options (1) (2) and (3) are methods of analysing the company’s external environment or assessing the potential growth strategies of the company.

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

Accounting Multiple Choice Question – 18 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

apple devices books business coffee
Photo by Serpstat on Pexels.com

Alex works for Lucy plc.

Alex has been asked by his manager, Bob, to undertake an internal analysis of the company as part of a STRATEGIC planning review.

Which ONE of the following analytical techniques will be useful in this context?

Select ONE answer:

  1. Porter’s five forces analysis
  2. PESTEL analysis
  3. Value Chain Analysis
  4. Ansoff’s Matrix

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 3

  1. Not correct
  2. Not correct
  3. Correct –> Options (1) and (2) are methods of analysing the company’s external environment . Option (4) is a means of assessing potential growth strategies of the company.
  4. Not correct

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

Accounting Multiple Choice Question – 17 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Olya Kobruseva on Pexels.com

Alex works for Lucy plc.

Alex has been asked by his manager, Bob, to undertake an internal analysis of the company as part of a STRATEGIC planning review.

Which ONE of the following analytical techniques will be useful in this context?

Select ONE answer:

  1. Porter’s five forces analysis
  2. The BCG Matrix
  3. PESTEL analysis
  4. Ansoff’s Matrix

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 2

  1. Notcorrect
  2. Correct  –> Options (1) and (3) are methods of analysing the company’s external environment . Option (4) is a means of assessing potential growth strategies of the company.
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 16 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

apple devices books business coffee
Photo by Serpstat on Pexels.com

In the home computer market, laptop computers would be an example of a….?

Select ONE answer:

  1. Product form
  2. Brand
  3. Product class
  4. Generic product

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 1

  1. Correct –> Home computers would be referred to as either (3) and (4) since those two terms can be used interchangeably. A particular manufacturer’s brand version of a home computer would be (2). Laptop or desktop computers would both be examples of product form (1).
  2. Not correct
  3. Not correct
  4. Not correct

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

Accounting Multiple Choice Question – 15 October 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Photo by Nataliya Vaitkevich on Pexels.com

What journal is necessary to record interest payable on partners’ drawings?

Select ONE answer:

  1. Debit Partners’ drawings accounts, Credit Partners’ current accounts
  2. Debit Profit and loss appropriation account, Credit Partners’ drawings accounts
  3. Debit Partners’ drawings accounts, Credit Interest payable account
  4. Debit Partners’ current accounts, Credit Profit and loss appropriation account

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 == >. Interest payable by partners increases the amounts of profits available for appropriation (credit appropriation account) it must be charged against the partners’ current accounts (debit partners’ current accounts).

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