1. Which of the following has been
the most influential in redefining the role of accountants as analysts
and decision makers rather than as mainly number-crunchers?
a. The collapse of major company groups
b. The trend towards
globalisation
c. Developments in information technology
d. The
increase in demand for non-financial information
2.
The job of the modern
accountant is a challenging one. The most critical requirement is:
a.
Neatness
b.
Punctuality
c.
Ability to manage change
d.
Ability to add up
3.
Which of these is not an
economic decision?
a.
Religious belief
b.
Taking out a loan
c.
Purchasing a mobile phone
d.
Renting a flat
4. Accounting is a
profession that has evolved in response to society’s need for economic
information to help people make:
a. Dollars
b. Decisions
c. Demands
d. Donations
5. Select the correct order in
which the steps in the decision making process occur.
1. Choose a
course of action
2. Establish
goals
3. Gather
information
4. Evaluate the consequences of
the different alternatives
a. 2, 4, 3, 1
b. 2, 3, 4, 1
c. 4, 3, 2, 1
d. 3, 1, 2, 4
6. Which of the
four stages of the accounting process is considered to require the most
extensive training, experience and judgement?
a.
Identifying
b.
Measuring
c.
Recording
d.
Communicating
