Chapter15-19_F2考试试题及答案P6-新东方在线职业题库

Which of the following would be part of the capital expenditure budget?(i) Purchase of a new factory premises(ii) Replacement of existing machinery(iii) Refurbishment of existing factory premises(iv) Purchases of raw materials

A

(i) and (ii) only

B

(iii) and (iv) only

C

(i), (ii) and (iii) only

D

(ii) and (iv) only

A building society adds interest monthly to investors' accounts even though interest rates are expressed in annual terms. The current rate of interest is 6% per annum.An investor deposits $1,000 on 1 January. How much interest will have been earned by 30 June?

A

$30.00

B

$30.38

C

$60.00

D

$300

A one-year investment yields a return of 15%. The cash returned from the investment, including principal and interest, is $2,070. What is the interest?

A

$250

B

$270

C

$300

D

$310.50

If a single sum of $12,000 is invested at 8% per annum with interest compounded quarterly, what is the amount to which the principal will have grown by the end of year three? (approximately)

A

$15,117

B

$9,528

C

$15,219

D

$30,924

A bank offers depositors a nominal 4% pa, with interest payable quarterly. What is the effective annual rate of interest?

A

1%

B

4%

C

1.025%

D

4.06%

Which of the following BEST describes the purpose of a flexible budget?

A

To ensure managers are motivated

B

To facilitate control by establishing a budget relevant to actual activity levels

C

To facilitate control by preventing discretionary expenditure

D

To enable accurate reforecasting when actual costs are known

The following statements relate to fixed budgets and flexible budgets.

(i) If production levels far exceed those anticipated, relying on a fixed budget is likely to result in massive variances

(ii) Flexible budgets assist management control by providing dynamic, comparable information

(iii) Flexible budgets are always superior to fixed budgets Which statements are true?

A

(i) only

B

(i) and (ii) only

C

(ii) and (iii) only

D

(i), (ii) and (iii)

articiPpation by staff in the budgeting process is often seen as an aid to the creation of a realistic budget and to the motivation of staff. There are, however, limitations to the effectiveness of such participation. Which of the following illustrates one of these limitations?

A

Participation allows staff to buy into the budget

B

Staff suggestions may be ignored leading to de-motivation

C

Staff suggestions may be based on local knowledge

D

Budgetary slack can be built in by senior manager as well as staff

Which of the following statements about budgeting and motivation are true?(i) A target is more motivating than no target at all(ii) The problem with a target is setting an appropriate degree of difficulty(iii) Employees who are challenged tend to withdraw their commitment

A

All of them

B

(ii) and (iii) only

C

(i) and (ii) only

D

(iii) only

Which of the following best describes a top-down budget?

A

A budget which has been set by scaling down individual expenditure items until the total budgeted expenditure can be met from available resources

B

A budget which is set by delegating authority from top management, allowing budget holders to participate in setting their own budgets

C

A budget which is set without permitting the ultimate budget holder to participate in the budgeting process

D

A budget which is set within the framework of strategic plans determined by top management

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