CPA-21-02 Practice Questions

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NEW QUESTION: 1
Which one of the following statements best describes the usefulness of the income statement account of a company:
A. To evaluate its profitability over the past year
B. To assess management performance over the past year
C. To assess its potential profitability for the coming year
D. To evaluate the return on capital employed
Answer: A

NEW QUESTION: 2
As a type of quality indicator, an example of a structure standard is:
A. a protocol for treatment of a client with chest pain.
B. a procedure for a straight catheterization.
C. the diagnostic work-up for a client with abdominal pain.
D. a written philosophy.
Answer: D
Explanation:
Structure standards define all the conditions needed to operate, direct, and control a system. They do not address client care but rather describe structure with regard to purpose, such as philosophy, objectives, goals, hours of operation, and management responsibility.Coordinated Care

NEW QUESTION: 3
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)
A. Chart of Accounts and Business Units
B. Legal Entities, Business Units, and Chart of Accounts
C. Accounting Calendar
D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
E. Chart of Accounts
Answer: C,E