1) An example of qualitative data is:

Select one:

Product cost

Net income

Operating costs

2)The decision of Goodison Ltd on where to locate a new stadium is most likely a result of:

Select one:

Operational planning

Sales planning

Strategic planning

Controlling planning

3) ___________ involve(s) the development of short-term objectives and goals.

Select one:

Strategic planning

Operational planning

Controlling activities

Financial activities

4) The three primary broad activities of managers would not include

Select one:

Controlling activities

Budgeting activities

Operating activities

Planning activities

5) Which of the following is a characteristic of management accounting?

Select one:

It is normally designed for both internal and external users

It normally includes both financial and non-financial information

It often lacks flexibility.

The information it provides is extremely precise.

6) The variable costs per unit of Ford Ltd are $199,000 when the car company makes 1000 Electric cars. What are the per-unit variable costs when 5,000 electric vehicles are manufactured?

Select one:

$995000

$200,000

$199000

$3980

7)

Apple Inc sells a unique product with the following information available: Sales price $170 per unit Variable costs $50 per unit Fixed costs $20 000 Units produced and sold 2500 What is the contribution margin ratio? Select one: 0 2.40% O 70.59% 0 41.57% 0 61.18% Jimmy is a manager atJims Ltd. He uses the highlow method to estimate electricity cost, which varies in relation to machine hours. Based on the following data, how would the cost function be stated (approximately) ifX is the number of machine hours? Use 4 decimal points for variable cost. Month Electricity Expenses Machine Hours Jan $495 790 Feb $1000 800 Mar $1500 1790 Apr $1220 1100 Select one: 0 $293.95 + $1 '005x 0 $301 + $0.97x 0 $281.09 + $1.000X 0 $300 + $0.98X