題目

Gordon works in the accounts department of a retail business. He and his colleagues are looking at the sales figures for

various types of clothing. The director asks them to use exception reporting to summarise their findings.

Which of the following correctly defines the concept of 'exception reporting' within a business context?

A

The reporting of unusual events, outside the normal course of events

B

The analysis of those items where performance differs significantly from standard or budget

C

The preparation of reports on routine matters on an 'ad hoc' basis

D

The scrutiny of all data as a matter of course, save in exceptional circumstances

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Chapter8Theroleofaccounting

Rationale: Exception reporting focuses attention on those items where performance differs significantly from standard or

budget.Pitfalls: The word 'exceptional' was placed in other options as a distractor!

多做幾道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4?Exchange rates

Which of the above are correct?

A

1 and 4

B

?2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3?

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?

A

Current

B

Capital

C

Financial

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