A strategy is:i. another name for a long-tern objectiveii. the same as an objectiveiii. a means by which an organisation plans to meet its mission and achieve its objectives O a. i and ii O b. ii O c. iii O d. i

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer all the three questions of multiple choice questions. I need help from expert. In 30 minutes answr it don't copy from any website. Correct answrs please.
A strategy is:i. another name for a long-term
objectiveii. the same as an objectiveiii. a
means by which an organisation plans to
meet its mission and achieve its objectives
O a. i and ii
O b. ii
O c. iii
O d. i
Transcribed Image Text:A strategy is:i. another name for a long-term objectiveii. the same as an objectiveiii. a means by which an organisation plans to meet its mission and achieve its objectives O a. i and ii O b. ii O c. iii O d. i
Animus Ltd is a mining company. Which of
the following is an example of a decision
relating to formulating Animus Ltd's
corporate strategy?
a. Should Animus Ltd develop a new
management accounting system?
b. Should Animus Ltd hire a new
financial controller?
c. Should Animus Ltd operate in the
mining industry only, or to expand to
heavy machinery manufacturing and
distribution?
d. Should Animus Ltd compete based
on price or product differentiation?
A predetermined overhead rate is
calculated as follows:
a. budgeted manufacturing overhead/
budgeted total expenses
b. budgeted manufacturing
overhead/budgeted amount of non-
manufacturing overhead
c. budgeted manufacturing
overhead/budgeted amount of cost
driver
d. budgeted amount of cost
driver/budgeted manufacturing
overhead
Transcribed Image Text:Animus Ltd is a mining company. Which of the following is an example of a decision relating to formulating Animus Ltd's corporate strategy? a. Should Animus Ltd develop a new management accounting system? b. Should Animus Ltd hire a new financial controller? c. Should Animus Ltd operate in the mining industry only, or to expand to heavy machinery manufacturing and distribution? d. Should Animus Ltd compete based on price or product differentiation? A predetermined overhead rate is calculated as follows: a. budgeted manufacturing overhead/ budgeted total expenses b. budgeted manufacturing overhead/budgeted amount of non- manufacturing overhead c. budgeted manufacturing overhead/budgeted amount of cost driver d. budgeted amount of cost driver/budgeted manufacturing overhead
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