Test Bank for Cost Management, 5th Edition by Don R. Hansen
191 views 7 purchases
Course
Accounting
Institution
Accounting
Test Bank for Cost Management 5e 5th Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger.
ISBN-13: 1090
ISBN-10: 1
Full Chapters test bank included
Chapter 1: Introduction to Cost Management
Financial Accounting versus Cost Management: A Systems Framework
Factors Affecting the ...
Indicate whether the statement is true or false.
1. The two major subsystems of the accounting information system are the financial accounting information
system and the cost management accounting information system.
a. True
b. False
2. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
3. The examination for obtaining the Certificate in Management Accounting consists of two parts: (1) Technology
and Analytics and (2) Strategic Financial Management.
a. True
b. False
4. Evaluating the performance of a segment of the company is an example of planning.
a. True
b. False
5. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
a. True
b. False
6. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
7. Employee and customer loyalty are NOT a result of a strong code of ethics.
a. True
b. False
8. An accounting information system collects, records, summarizes, analyzes, and manages data to transform
inputs into information that is provided to users.
a. True
b. False
9. One of the major advances in information technology that affects firms is the emergence of electronic
commerce.
a. True
b. False
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