These are ACCA F2 (MA/FMA) Management Accounting MCQs for Part-A of the Syllabus “The nature, source and purpose of management information”.

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.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Management Accounting
Paper: F2 – MA/FMA
Chapter: Sources of data, and Presenting information
Chapter Number: 02 of the Practice and Exam Kit
Syllabus Area: A – The nature, source and purpose of management information
Questions Type: CBE MCQs
Exam Section Type: Section A

Benefits of Practicing Online on AGlobalBox.com

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.
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.
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.
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.
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 6 Questions in this F2 MCQ Test that cover Chapter 2a; Sources of data of ACCA F2 (MA/FMA) Management Accounting Module.

Time

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.

Result

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.

Keywords

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118

F2 - Chapter 2 - Part A - MCQs

Course: ACCA - FIA
Subject: F2 (MA/FMA) Management Accounting
Chapter: 2 - Sources of data, and Presenting information
Syllabus Area: A - The nature, source and purpose of management information
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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REQUEST

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1 / 11

Number of ice-creams sold

	April	May	June	July
Mint choc chip	600	760	725	900
Chocolate	300	335	360	525
Strawberry	175	260	310	475
Blueberry	75	90	100	90

The data may be illustrated by the following chart.

What type of chart is it?

Simple bar chart

Multiple bar chart

Component bar chart

Ogive

2 / 11

Which of the following statements concerning Big Data analytics is correct?

Big Data analytics relies on verbal information

Big Data analytics relies on written information

Big Data analytics relies on confidential information

Big Data analytics relies on digital information

3 / 11

Which of the following statements are TRUE?

One of the uses of exploiting big data analytics for profit making organisations is to lead to increased profit margins.
One of the uses of exploiting big data analytics in non profit-seeking organisations is to lead to reduced costs.
Big data analytics show correlation and causation between variables.

2 and 3 only

1, 2 and 3

1 and 3 only

1 and 2 only

4 / 11

The table below shows a company's sales figures for the first six months of the year.

	Jan	Feb	Mar	Apr	May	June	Total
Product	$'000	$'000	$'000	$'000	$'000	$'000	$'000
A	800	725	725	400	415	405	3,470
B	210	210	180	150	175	160	1,085
C	25	50	60	95	125	140	495
Total	1,035	985	965	645	715	705	5,050

What kind of graph or chart would you use to show the fluctuations of total monthly sales figures across the six months?

Percentage component bar chart

Scatter diagram

Line graph

Pie chart

5 / 11

Which of the following statements are TRUE?

Big data analytics allows businesses to analyse and reveal insights in data which they have previously been unable to analyse.
In order for organisations to analyse big data and to gain insights from it, the source data needs to be structured within a software package.
One of the key features of big data is the speed with which data flows into an organisation, and with which it is processed.

1 and 3 only

1 and 2 only

2 and 3 only

1, 2 and 3

6 / 11

Which TWO of the following statements regarding different types of data are true?

Secondary data are data collected especially for a specific purpose.

Population data are data arising as a result of investigating a group of people or objects.

Qualitative data are data that cannot be measured.

Discrete data can take on any value.

7 / 11

Which of the following would be best suited to represent the relationship between a company’s advertising expenditure and its sales revenue?

A pie chart
A bar chart
A scatter graph

1 only

2 only

2 and 3

3 only

8 / 11

The cost of materials for product A are as follows.

Material W: $2,250
Material X: $3,000
Material Y: $3,600
Material Z: $150

If the material proportions were displayed on a pie chart, how many degrees would material Y represent?

______ degrees.

9 / 11

Which TWO of the following are primary sources of data?

Historical records of transport costs to be used to prepare forecasts for budgetary planning

Data collected by a bank in a telephone survey to monitor the effectiveness of the bank's customer services

Focus group feedback about potential flavours of a new biscuit

The Annual Abstract of Statistics, published by the Office for National Statistics in the United Kingdom

10 / 11

Government statistics can be a useful source of data and information.

Which of the following types of data in the drop down list is most likely to be obtained from government statistics?

11 / 11

Number of ice-creams sold

	April	May	June	July
Mint choc chip	600	760	725	900
Chocolate	300	335	360	525
Strawberry	175	260	310	475
Blueberry	75	90	100	90

Which of the following statements is true?

In June, the gap between sales of strawberry and sales of chocolate reduced

Total sales fell in the month of July

Sales of mint choc chip rose steadily over the four months

Sales of blueberry rose in May and July

Your score is

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F2 (MA/FMA) – Chapter 02 – PART A – CBE MCQs – ACCA

INFORMATION ABOUT THESE MCQs Test