1) Which of the following does planning least likely get invovled?
A. Electing board of directors B. Evaluating alternative courses of action C. Determining objectives D. Authorizing to select program
2) _______ reports assists managers in planning and policy formulation. The reports shows areas of growth or concentration.
A. Cost allocation
B. Planning
C. Control
D. Information
3) Which of the following item is not an assumption in the break-even and contribution margin analysis?
A. The variable cost per unit is constant.
B. There is only one product or sales mix is assumed to be constant.
C. Sale volume is the only variable that affects variable costs.
The unit selling price may change periodically due to competition or the product being obselete.
4) Which ratio is not used to evaluate budget accuracy?
A. Price earnings accuracy ratio
B. Sales accuracy ratio
C. Profit accuracy ratio
D. Cost accuracy ratio