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

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

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have learned and finished the entire F2 (MA/FMA) Management Accounting Chapter 15 – Target setting and Syllabus Area Part-F “Performance measurement”.

All the questions are compulsory, so do not skip any.


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

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part F of the Syllabus; Performance measurement of ACCA F2 (MA/FMA) Management Accounting Module.


These multiple-choice questions (MCQs) are not timed, allowing students to solve them without feeling any pressure and to pay proper attention to the questions.


Students can see their result at the end of the Quiz. They can also be able to see the number of correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seem correct/ or incorrect to you, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop-down: 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

Which of the following describes the role of strategic objectives?

2 / 16

Which of the following describes the role of tactical objectives?

3 / 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?

4 / 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

5 / 16

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

6 / 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?

7 / 16

What is short-termism?

8 / 16

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

9 / 16

What is 'short-termism'?

10 / 16

The following statements relate to benchmarking.

Which TWO statements are true?

11 / 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

12 / 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

13 / 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

14 / 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?

15 / 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?

16 / 16

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

Which is the exception?

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