F2 (MA/FMA) – Chapter 15 – PART F – CBE MCQs – ACCA

These are ACCA F2 (MA/FMA) Management Accounting MCQs for Part-C of the Syllabus “Performance measurement”.

These multiple-choice questions (MCQs) are designed to help ACCA F2 (MA) students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.


Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Management Accounting
Paper: F2 – MA/FMA
Chapter: Target setting
Chapter Number: 15 of the Practice and Exam Kit
Syllabus Area: C – Performance measurement
Questions Type: CBE MCQs
Exam Section Type: Section A

Benefits of Practicing Online on AGlobalBox.com

  1. Authentic Exam Experience:
    Practicing online allows ACCA students to experience an environment closely resembling the actual exam. The MCQs on our platform are designed to mirror the format, difficulty level, and question types found in ACCA exams. This familiarity helps students become more comfortable and confident when facing the real exam.
  2. Comprehensive Question Bank:
    We provided comprehensive question banks covering various topics across the syllabus. By practicing online, students gain access to a wide range of MCQs that thoroughly test their knowledge and understanding in each area.
  3. Enhanced Learning and Retention:
    The interactive nature of online practice enhances learning and improves information retention. Students can actively engage with the MCQs, select answers, and receive immediate results. This approach aids in reinforcing concepts and identifying areas that require further study, thereby maximizing learning outcomes.
  4. Time Management Skills:
    Practicing online helps students develop essential time management skills required for ACCA exams. By adhering to time limits while answering MCQs, students learn to allocate their time effectively and improve their speed and accuracy. This skill is invaluable for completing the actual exam within the given time constraints.
  5. Performance Tracking and Progress Evaluation:
    Students can monitor their results, track their strengths and weaknesses, and identify areas that need improvement.

Number of the Questions

There are 16 Questions in this F2 MCQ Test that cover Chapter 15; Target setting of ACCA F2 (MA/FMA) Management Accounting Module.


This MCQs test is not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.


Students will get their F2 CBE MCQ result after they finish the entire test. They will also be able to see the score in percentage, correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all answers that seem correct or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)”.
Dropdown: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

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F2 - Chapter 15 - Part A - MCQs

Course: ACCA - FIA
F2 (MA/FMA) Management Accounting
Chapter: 15 - Target setting
Syllabus Area: F - Performance measurement
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit


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1 / 16

Company A manufactures mobile phones. Staff employed within the Research & Development function at Company A have purchased a mobile phone manufactured by Company B for the purpose of reverse engineering.

What type of benchmarking is Company A using?

2 / 16

Which of the performance measures in the drop down list below is most likely to be recorded because of government regulations?

3 / 16

Market conditions and economic conditions can impact on performance measurement.

Which of the following statements are true?

  1. The entry of a new competitor in the market will cause a business to examine sales performance measures more closely
  2. General economic conditions can raise or lower overall demand and supply

4 / 16

Which of the following describes the role of tactical objectives?

5 / 16

Which of the following BEST explains the relationship between mission statements and performance management?

6 / 16

Which of the following are suitable measures of performance at the strategic level?

  1. Machine idle time
  2. Employee sick days
  3. Return on capital employed

7 / 16

In order for a business's strength to have a real benefit, it has to be linked to critical success factors.

What are critical success factors?

8 / 16

What is short-termism?

9 / 16

What is 'short-termism'?

10 / 16

The following statements relate to benchmarking.

Which TWO statements are true?

11 / 16

All of the following, except one, are sound principles for devising objectives in order to enact the corporate mission.

Which is the exception?

12 / 16

A company sells new, high quality motor vehicles in many countries around the world. Half way through the company's current financial year, the global economy unexpectedly goes in to recession.

What impact would the unexpected recession have on performance measurement relating to sales and revenue?

13 / 16

A financial services company benchmarks the performance of its IT department with that of a leading IT outsource company.

What type of benchmarking is the company using?

14 / 16

In general terms, which of the following elements should organisations include in their mission statements?

  1. Policies and standards of behaviour
  2. Values – a description of the culture, assumptions and beliefs regarded as important to those managing the business
  3. Profitability
  4. Strategy – the commercial logic for the business, defining the nature of the business

15 / 16

Which of the following short-term objectives may involve the sacrifice of longer-term objectives?

  1. Reducing training costs
  2. Increasing quality control
  3. Increasing capital expenditure projects

16 / 16

Which of the following describes the role of strategic objectives?

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