4 A manufacturer and retailer of kitchens introduces an enterprise resource planning system.
Which of the following is NOT likely to be a potential benefit of introducing this system?
A Schedules of labour are prepared for manufacturing
B Inventory records are updated automatically
C Sales are recorded into the financial ledgers
D Critical strategic information can be summarised
5 Different management accounting techniques can be used to account for environmental costs.
One of these techniques involves analysing costs under three distinct categories: material, system, and delivery and
What is this technique known as?
A Activity-based costing
B Life-cycle costing
C Input-output analysis
D Flow cost accounting
6 A government is trying to assess schools by using a range of financial and non-financial factors. One of the chosen
methods is the percentage of students passing five exams or more.
Which of the three Es in the value for money framework is being measured here?