AFC 2023 Call I 19Jan2024 SOLUTIONS

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ACCOUNTING, FINANCE AND CONTROL MULTIPLE CHOICE TEST Call January 19th, 2024 Please state in CAPITAL LETTERS your Name and Surname in the following spaces NAME SURNAME STUDENT ID Available Time: 60 minutes In taking multiple-choice tests, you want to keep in mind the basics of test taking: read each question carefully and have a systematic approach to the whole exam. In the following, two very well -known strategies for approaching multiple -choice questions are reminded briefly. Choose the Best Response, there is only one correct answer per question! Many options in a multiple-choice answer may have some truth to them. You want to identify the best response from the good responses. If you have eliminated other answer options and have narrowed it down to two, and both seem true, try to pick the answer option that is in some way better than one that is just good. Be sure to read the question once again when selecting the best answer. Mark only “Sure Things” first and make 3 “Passes” through the test. Go through the test first and answer all the questions for which the answers come easily. For the questions that seem more difficult, eliminate as many options as you can. This will give you a head start for your second pass. You may come across another question that gives you a clue about the one that stumped you. On your second pass , spend extra time to figure out the “best” of the rest of the answer options. On your third pass, take an educated guess at the ones that are still elusive because any answer is better than no answer. There are no penalties for wrong answers. In the following questions: • Consider that 1k€ = 1 thousand euros and 1Mln€ = 1 million euros. • The international convention for decimal and thousand separators is used – i.e., the comma is used to…