Test Bank for Management Accounting: An Integrative Approach, 2nd Edition by Carol J. McNair-Connolly
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Course
Accounting
Institution
Accounting
Test Bank, Practice Exam Quizzes for Management Accounting: An Integrative Approach, 2nd Edition by Carol J. McNair-Connolly, Kenneth A. Merchant. ISBN-13: 0751
All Chapters test bank in PDF
CHAPTER 1 Test Bank – Business Planning and Analysis: An Integrative Framework for
Management Accounting
TRUE FALSE ITEMS (15)
1. Management accounting takes an external perspective in evaluating a firm’s performance.
A: False
2. Management accounting practice is affected by the products or services offered by an
organization to its customers.
A: True
3. Traditional management accounting emphasizes the entire management process, while
business planning and analysis (BPA) tends to focus more on cost and profitability analysis.
A: False
4. Data and information are essentially the same thing.
A: False
5. Costs occur throughout the organization wherever resources are consumed.
A: True
6. The management process consists of plan, deliver, check, and analyze.
A: False
7. The process domain includes all decisions and activities relating to an organization’s
products or services.
A: False
8. The customer/market domain includes decisions and activities that affect a specific segment
of the firm’s customers or markets.
A: True
9. Process managers oversee the work of operational managers and coordinate their efforts
with top management.
A: False
10. An accounting manager would be an example of a functional manager.
A: True
11. Top management is responsible for assigning responsibilities for achieving organizational
objectives.
A: True
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