,Chapter 1 - Introduction to Managerial Accounting
1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
decision making.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.16.1-1 - LO: 1-1
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-26-Management Functio - ACBSP: APC-26-Management
DS: Functions
United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Cost Management
KEYWORDS: Bloom's: Knowledge
NOTES: 1 min.
DATE CREATED: 11/4/2014 8:59 AM
DATE MODIFIE 11/4/2014 8:59 AM
D:
QUESTION ID: JFND-GO4F-EC4U-KTJ1
QUESTION G GCID-E7BW-1TBP-CW4U-EQMR-GYAD-CCJZ-CFTN-4CJO-GRHN-4QMD-GE4N-4C33-8RHN-
LOBAL ID: 4AUB-CIOU-OC5R-C3DI-GWN8-EPRW-EMMF-GR3D-NAUD-GPTU-CC3W-GESS-R3MB-CESU-
YAMR-GOSU-NAMB-GHSU-YPDR-CI1U-E3TI-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
2. The process of choosing among competing alternatives is decision making.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.16.1-1 - LO: 1-1
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
Cengage Learning Testing, Powered by Cognero Page 1
,Chapter 1 - Introduction to Managerial Accounting
STATE STANDAR United States - AK - ACBSP: APC-26-Management Functio - ACBSP: APC-26-Management
DS: Functions
United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Cost Management
KEYWORDS: Bloom's: Knowledge
NOTES: 1 min.
DATE CREATED: 11/4/2014 8:59 AM
DATE MODIFIE 11/4/2014 8:59 AM
D:
QUESTION ID: JFND-GO4F-EC4U-KTJT
QUESTION G GCID-E7BW-1TBP-CW4U-EQMR-GYAD-CCJZ-CFTN-4CJO-GRHN-4QMD-GE4N-4C33-8RHN-
LOBAL ID: 4AUB-CIOU-OC5R-C3DI-GWN8-EPRW-EMJW-GAAU-GA3O-G7UD-CC5G-GOSU-GPBA-CRSU-
1CJ3-GOSU-KCJS-8RSU-NP33-GCAU-EQMB-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
3. Managerial accounting information is not important for not-for-profit organizations.
a. True
b. False
ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.16.1-1 - LO: 1-1
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25-Managerial Charact - ACBSP: APC-25-Managerial
DS: Characteristics/Terminology
United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Cost Management
KEYWORDS: Bloom's: Knowledge
NOTES: 1 min.
DATE CREATED: 11/4/2014 8:59 AM
DATE MODIFIE 11/4/2014 8:59 AM
D:
QUESTION ID: JFND-GO4F-EC4U-KTJO
QUESTION G GCID-E7BW-1TBP-CW4U-EQMR-GYAD-CCJZ-CFTN-4CJO-GRHN-4QMD-GE4N-4C33-8RHN-
LOBAL ID: 4AUB-CIOU-OC5R-C3DI-GWN8-EPRW-EMJO-GC3D-OPMF-GE3D-K3JO-8YSU-NCTO-CESU-
E3BS-GOSS-GCUF-COSS-ECBO-GAAS-N3T3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
4. Management accounting information is only used by manufacturing organizations.
a. True
Cengage Learning Testing, Powered by Cognero Page 2
, Chapter 1 - Introduction to Managerial Accounting
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.16.1-1 - LO: 1-1
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25-Managerial Charact - ACBSP: APC-25-Managerial
DS: Characteristics/Terminology
United States - AK - AICPA: BB-Industry
United States - AK - IMA: Business Applications
KEYWORDS: Bloom's: Knowledge
NOTES: 1 min.
DATE CREATED: 11/4/2014 8:59 AM
DATE MODIFIE 11/4/2014 8:59 AM
D:
QUESTION ID: JFND-GO4F-EC4U-KTJZ
QUESTION G GCID-E7BW-1TBP-CW4U-EQMR-GYAD-CCJZ-CFTN-4CJO-GRHN-4QMD-GE4N-4C33-8RHN-
LOBAL ID: 4AUB-CIOU-OC5R-C3DI-GWN8-EPRW-EMJU-GBUG-GQBA-8Y5D-KPJZ-GRSU-NQMR-8RSU-
OPUF-GOSU-EPBU-CCSU-YP31-CA4G-KA3U-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
5. Managerial Accounting is designed primarily for internal users.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.16.1-1 - LO: 1-1
CTIVES: ACCT.MOWE.16.1-2 - LO: 1-2
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25-Managerial Charact - ACBSP: APC-25-Managerial
DS: Characteristics/Terminology
United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Cost Management
KEYWORDS: Bloom's: Knowledge
NOTES: 1 min.
Cengage Learning Testing, Powered by Cognero Page 3
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