FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. Which of the following are examples of financial objectives that a company might choose to pursue?

 

            A         Provision of good wages and salaries

            B         Restricting the level of gearing to below a specified target

            C         Dealing honestly and fairly with customers on all occasions

            D         Producing environmentally friendly products                                   

 

  1. Which of the following is true?

 

            A         Management accounting is highly regulated

            B         Financial accounting is highly regulated

            C         Management accounting is externally focused

            D         Financial accounting is only internally communicated                     

 

  1. Which of the following is NOT a connected stakeholder?

 

            A         Shareholders

            B         Customers

            C         Competitors

            D         Local community                                                                               

 

  1. Which of the following is least likely to be a reason for seeking a stock exchange flotation?

 

            A         Improving the existing owners’ control over the business

            B         Access to a wider pool of finance

            C         Enhancement of the company’s image

            D         Transfer of capital to other uses         

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