MAS Compilation of Questions - MANAGEMENT ADVISORY SERVICES...

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MANAGEMENT ADVISORY SERVICES QUESTIONS AND ANSWERS COMPILED BY: MA. CRISTINA P. OBESO, CPA THEORY 1. Which of the following costs should consider the tax shield effect in computing the costs of capital? A A. Cost of debt B. Cost of common stock C. Cost of preferred stock D. Cost of retained earnings 2. Which of the following is not considered in the cash conversion cycle? B 3. Cash flows from capital budgeting projects are assumed to be received C 4. In the absence of shutdown costs, B 5. The balanced scorecard approach does not require looking at performance from which of the following perspectives? C A. Customer B. Employees C. Competitor D. Internal business processes 6. Contribution margin ÷ profit after interests and preferred dividends = C 7. If an increase in product price by 5% causes a decrease in quantity demanded by the same percentage, then the demand for the product is said to be B 8. Under the high-low method, the unit variable cost closely resembles the math concept of C 9. Profit under variable costing fluctuates with A A. Sales only B. Production only C. Both sales and production D. Neither sales nor production 10. The path that has the highest slack time in the PERT network is C
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11.Which of the following is an invalid measure of productivity? C 12.Which of the following situations is among the concerns of a controller (as opposed to those of a treasurer)? D
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