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CA Final Cost and Management Accounting — practice by topic

Browse 813 questions across 14 Cost and Management Accounting topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Cost and Management Accounting topics

Specialist Cost Management Techniques (84)Cost Volume Profit Analysis and Pricing Decisions (80)Activity-Based Costing and Management (70)Strategic Performance Measures (70)Lean Manufacturing and Kaizen (68)Introduction to Strategic Cost Management (65)Total Quality Management (62)Strategic Performance Management (55)Performance Measurement and Variance Reporting (46)Standard Costing and Variance Analysis (46)Strategic Cost Management and Emerging Business Models (46)Cost Accounting (44)Divisional Transfer Pricing (41)Balanced Scorecard and Performance Measurement (36)

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Who introduced the value chain concept in his 1985 book?Read the answer and worked solution →How many primary activities does Porter's value chain list?Read the answer and worked solution →Which one is a support activity, not a primary activity, in Porter's value chain?Read the answer and worked solution →Inbound logistics in the value chain mainly deals with what?Read the answer and worked solution →

Worked practice questions

Who introduced the value chain concept in his 1985 book?

  1. Michael Porter
  2. Peter Drucker
  3. Henry Mintzberg
  4. Igor Ansoff
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Correct answer: A. Michael Porter

The value chain framework was proposed by Porter in Competitive Advantage (1985) to analyse how firms create value.

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How many primary activities does Porter's value chain list?

  1. Six
  2. Five
  3. Four
  4. Nine
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Correct answer: B. Five

Porter lists inbound logistics, operations, outbound logistics, marketing and sales, and service, which makes five.

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Which one is a support activity, not a primary activity, in Porter's value chain?

  1. Core operations
  2. Procurement work
  3. After-sales service
  4. Outbound logistics
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Correct answer: B. Procurement work

Procurement is one of the four support activities, along with infrastructure, technology and human resources.

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