,Chapter 1
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.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-26 - Management Functions
DS: United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Decision Analysis
KEYWORDS: Bloom's: Remembering
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3T
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJT-GA4U-1CUR-GIOU-NQDR-8RSS-RAUG-8YSS-KCUN-
GOSU-1P3O-CESU-GCTT-CA3D-1CUR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
2. 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.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
Copyright Cengage Learning. Powered by Cognero. Page 1
,Chapter 1
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3Z
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMMN-GO5U-EPBO-GRAG-E3TW-GOSU-NA3Z-8RSU-OA5D-
GOSU-OA3S-GCSU-R3DN-CWAU-E3DG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
3. Management accounting information is only used by manufacturing organizations.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3S
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMMG-GYAS-RPDF-GT1S-GAUF-GESU-NPJU-8RSS-EPMG-
GOSS-ECUN-GWSU-KA5F-GPTG-EPDN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE
4. The process of choosing among competing alternatives is decision making.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
Copyright Cengage Learning. Powered by Cognero. Page 2
, Chapter 1
QUESTION TYPE True / False
:
HAS VARIABLES: False
LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-26 - Management Functions
DS: United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Decision Analysis
KEYWORDS: Bloom's: Remembering
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3O
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJA-GR4G-RPDF-C3TD-QCB1-CCSU-1P5G-8YSU-QA3A-
GOSS-KPJ3-CWSU-CCTI-GBOU-RPJS-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.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3I
Copyright Cengage Learning. Powered by Cognero. Page 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller evileye251. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £20.49. You're not tied to anything after your purchase.
