Top 50+ Solved Advanced Corporate Accounting MCQ Questions Answer
Q. ____________ aims to measure and inform the general public about thesocial welfare activities undertaken by the enterprise and their effects on the society
a. Corporate Accounting
b. Forensic Accounting
c. Social Audit
d. Environmental Accounting
Q. ________________ also called green accounting.
a. Corporate Social Responsibility
b. Corporate Accounting
c. Environmental accounting
d. Forensic Accounting
Q. ______________manages business finances effectively, make the rightdecisions and maximize your profits.
a. Corporate Accounting
b. Inflation Accounting
c. Environmental Accounting
d. Proactive Accounting
Q. _____________ refers to the process of adjusting the financial statements ofa company to show the real financial position of the company during the inflationary period.
a. Corporate Accounting
b. Inflation Accounting
c. Environmental Accounting
d. Proactive Accounting
Q. Increase in the price of various goods and services over a period of time isknown as ___________________
a. Deflation
b. Price Level Changes
c. Shift
d. Inflation
Q. During inflation the purchasing power of money ___________________.
a. Increases
b. Does not change
c. Shift
d. Decreases
Q. Price for changes accounting can be done by the followingmethod__________________.
a. Current purchasing power, Current Value Accounting
b. Replacement Cost Accounting, Current Cost Accounting
c. Both a and b
d. None of the Above
Q. _________________Accounting deals with employees and management inan organization.
a. Inflation
b. Human Resource
c. Environment
d. Forensic
Q. Forensic Accounting is very much useful to _____________ industry.
a. Banking
b. Communication
c. Insurance
d. None of the above
Q. A branch of accounting which decodes the human nature to hide failures,conceal problems, defend wrong decisions, and cover up mistakes is known as___________________.
a. Inflation Accounting
b. Human Resource Accounting
c. Environment Accounting
d. Forensic Accounting
Q. A ______________Accounting signifies the activities related to theconservation of Environment.
a. Inflation
b. Human Resource
c. Environment
d. Forensic
Q. The main elements of environmental accountingare______________________.
a. Environmental Conservation costs and activities and environmental benefits
b. Environmental activities and environmental benefits
c. Environmental conversion costs and environmental benefits
d. None of the above
Q. What is the classical view of management's social responsibility?
a. To create specific environment in work place
b. To maximize profit
c. To protect and improve society’s welfare
d. All of the above
Q. __________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities
a. SocialObligation
b. Social Responsibility
c. Social Responsiveness
d. None of the above
Q. The recognition of the close link between an organisation's decisions andactivities and its impact on the natural environment is called __________.
a. Global Environment
b. Greening of management
c. Social actions
d. None of the above