Discover how managerial accounting helps today’s business leaders make effective business decisions with MANAGERIAL ACCOUNTING: THE CORNERSTONE OF BUSINESS DECISION MAKING, 8E. This reader-focused learning approach uses structured, updated examples and learning features, such as "Here’s How It�...
‘
‘ 2.’The’four’emphasized’areas’of’the’CMA’examination’reflect’the’needs’of’managerial’accounting’and’highlig
ht’that’managerial’accounting’has’more’of’an’interdisciplinary’flavor’than’other’areas’of’accounting.
a. True
b. False
‘ ‘ 9.’Activity-
based’costing’is’a’less’detailed’approach’to’determining’the’cost’of’goods’and’services’than’traditional’cost’accountin
g.
a. True
b. False
‘
‘ 10.’Amelia’compared’the’budgeted’spending’on’labor’and’materials’used’in’production’to’the’actual’spending’on’la
bor’and’materials’used’in’production.’Labor’spending’was’higher’than’expected.’Amelia’emailed’Robbie’to’discuss’this’
outcome.’This’is’a’managerial’accounting-oriented’issue.
a. True
b. False
a. True
b. False
‘
‘ 15.’The’value’chain’is’the’set’of’activities’required’to’design,’develop,’produce,’market,’and’deliver’products’a
nd’services’to’customers.
a. True
b. False
‘ ‘ 16.’The’belief’that’each’member’of’a’group’bears’no’responsibility’for’the’well-
being’of’other’members’is’a’common’principle’underlying’all’ethical’systems.
a. True
b. False
a. True
b. False
‘
‘ 18.’The’managerial’activity’of’monitoring’a’plan's’implementation’and’taking’corrective’action’as’needed’is’refer
red’to’as’decision’making.
a. True
b. False
a. Staff’accountant
b. Purchasing’manager
c. General’manager
d. Cost’accountant
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