B. Acy Bachelor of Accountancy Bachelor of Science in Accountancy: BEC 5

Question 1

Which concept in strategic planning describes the process of evaluating a firm's internal strengths and weaknesses alongside external opportunities and threats?

Accepted Answer

SWOT analysis

Answer

SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is a strategic planning framework that assesses both internal capabilities and external market conditions.

Question 2

In project management, which scheduling tool displays tasks as horizontal bars along a timeline, showing start dates, durations, and dependencies?

Accepted Answer

Gantt chart

Answer

A Gantt chart visually represents a project schedule with horizontal bars representing tasks plotted against a calendar timeline.

Question 3

Which financial instrument gives the holder the right, but not the obligation, to purchase a stock at a specified price within a set timeframe?

Accepted Answer

Call option

Answer

A call option grants the buyer the right (not obligation) to buy the underlying asset at the strike price before or at expiration.

Question 4

Economies of scale in production are best described as:

Accepted Answer

Declining long-run average costs as output increases

Answer

Economies of scale occur when a firm's long-run average cost decreases as it increases its scale of production, often due to specialization and bulk purchasing efficiencies.

Question 5

Which data analytics technique uses historical data patterns to forecast future outcomes?

Accepted Answer

Predictive analytics

Answer

Predictive analytics applies statistical algorithms and machine learning to historical data to forecast future events or behaviors.

B. Acy Bachelor of Accountancy Practice Test

B. Acy Bachelor of Accountancy Practice Test

B. Acy Bachelor of Accountancy Bachelor of Science in Accountancy: BEC 5