ACCA PM — Performance Management Practice Exam 5

Section A

AgriDrone Analytics provides smart-farming solutions using autonomous drones that capture terabytes of crop health data daily. The management accountant is assessing the 'Veracity' of this Big Data to improve yield forecasting.

Which of the following best describes the 'Veracity' characteristic in this specific context?

Section A

MetroWater is a public utility managing a city's water grid. It operates as an 'open system'.

Which of the following is a definitive characteristic of an open system in the context of MetroWater's management information system?

Section A

FinSecure is a cross-border fintech startup processing micro-loans. To ensure the integrity of its Management Information System (MIS), it implements various controls.

Which TWO of the following are classified as 'Application Controls' rather than 'General IT Controls'?

Section A

OmniVision, a tech startup, is developing a new virtual reality (VR) headset. The competitive market price for similar headsets is $450. OmniVision requires a profit margin of 20% on the selling price.

The current estimated cost to manufacture the headset is $385.

What is the target cost gap per unit? (Enter the number only, without the $ sign)

Section A

CarePlus is a specialized private hospital shifting from traditional absorption costing to Activity-Based Costing (ABC). They have identified 'Patient Admissions' as a key activity.

Which of the following would be the most appropriate cost driver for the 'Patient Admissions' activity cost pool?