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

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

  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 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.


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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

  1. If you are using mobile, turn on the mobile rotation and solve the MCQs on wide screen for better experience.

REQUEST

  1. Please rate the quiz and give us a feedback once you completed the quiz.
  2. Share with ACCA students on social media such as, Facebook Groups, Whatsapp, Telegram, etc.

1 / 11

Which TWO of the following are primary sources of data?

2 / 11

Which of the following statements are TRUE?

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

3 / 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?

4 / 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?

5 / 11

Which of the following statements are TRUE?

  1. Big data analytics allows businesses to analyse and reveal insights in data which they have previously been unable to analyse.
  2. 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.
  3. One of the key features of big data is the speed with which data flows into an organisation, and with which it is processed.

6 / 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?

7 / 11

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

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

  1. A pie chart
  2. A bar chart
  3. A scatter graph

10 / 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?

11 / 11

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

Your score is

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