Management Accounting Multiple Choice Questions with Answers – PDF Download

MCQ 1: The purpose of management accounting is to:

1. past orientation
2. help banks make decisions
3. help managers make decisions
4. help investors make decision

MCQ 2: An accounting approach, in which the expected benefits exceed the expected cost is classified as:

1. benefit approach
2. cost approach
3. cost-benefit approach
4. accounting approach

MCQ 3: In management accounting, an emphasis and focus must be:

1. future oriented
2. past oriented
3. communication oriented
4. bank oriented

MCQ 4: The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as:

1. quality
2. management chain
3. customer chain
4. cost chain

MCQ 5: The point at which the control functions and the planning of management come together is known as:

1. functioning
2. variance
3. variation
4. deviation