FMA

1. Which of the following statements about non-financial measures are true?

a. Non-financial measures can be useful for indicating future financial performance

b. Non-financial measures may help to prevent short termism

c. Both statments are false Statement 1 is true and statement 2 is false

d. Both statements are true Statement 1 is false and statement 2 is true

2. Which of the following statements about motivation are correct?

(1) All employees are motivated by money

(2) All employees should be motivated by the employer to work towards the mission of the organisation

a. Statement 1 only

b. Statement 2 only

c. Both statements

d. Neither statement

3. What are the purposes of having strategic, tactical and operational objectives?

(1) To comply with government legislation

(2) To ensure goal congruence

(3) To ensure that the objectives arising from the mission statement are quantified and fed down to the entire business

a. 1 and 2 only

b. 2 and 3 only

c. 1 and 3 only

d. 1, 2 and 3

4. Z Co is evaluating a project which will generate cash flows of $2,600 each year in years four to eight. (The first amount will be received in four years from now.) What is the present value of the project cash flows using a discount rate of 14%?

a. $4,485

b. $6,024

c. $6,822

d. $12,061