Test Bank for Managerial Accounting, 13th Canadian Edition by Ray H. Garrison
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Managerial Accounting
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Managerial Accounting
Test Bank for Managerial Accounting, 13th Canadian Edition 13ce by Ray H. Garrison, Theresa Libby, Alan Webb. Full Chapters test bank are included (Chapter 1 to 14).
Section 1: Overview and Foundation
Chapter 1: Managerial Accounting and the Business Environment
Chapter 2: Cost Terms, Concepts...
Chap 01 13ce Garrison
1) Day-to-day decision making is most common to which of the following activities managers
are expected to carry on in organizations?
A) Strategy formulation.
B) Directing and motivating.
C) Planning.
D) Budgeting.
2) Identifying alternatives and selecting the best among them is part of which of the following
activities managers carry out in organizations?
A) Controlling.
B) Directing.
C) Decision making.
D) Motivating.
3) Budgeting is part of which of the following activities managers perform in organizations?
A) Controlling.
B) Directing.
C) Planning.
D) Motivating.
4) Obtaining feedback is generally identified most directly with which of these functions of
management?
A) Planning.
B) Directing and motivating.
C) Controlling.
D) Decision making.
5) Unstructured forms of big data include all of the following EXCEPT:
A) Videos.
B) Memos.
C) Pictures.
D) Audios.
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, 6) Five V's of big data include all of the following EXCEPT:
A) Variety.
B) Value.
C) Volume.
D) Variable.
7) Which is the MOST common risk management tactic?
A) Accept the risk.
B) Avoid the risk.
C) Reduce the risk.
D) Share the risk.
8) Which of the following BEST describes the function of managerial accounting within an
organization?
A) It has its primary emphasis on the future.
B) It is required by regulatory bodies such as the Ontario Securities Commission.
C) It focuses on the organization as a whole, rather than on the organization's segments.
D) It places more emphasis on precision of data than financial accounting does.
9) Upon which of the following does managerial accounting place considerable weight?
A) Generally accepted accounting principles.
B) The financial history of the entity.
C) Ensuring that all transactions are properly recorded.
D) Detailed segment reports about departments, products, and customers.
10) For internal uses, managers are more concerned with receiving information that achieves
which of the following standards?
A) Completely objective and verifiable.
B) Completely accurate and precise.
C) Relevant, flexible, and timely.
D) Relevant, completely accurate, and precise.
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