Exam 1: Introduction to Managerial Accounting
Exam 1: Introduction to Managerial Accounting63 Questions
Exam 2: Basic Managerial Accounting Concepts178 Questions
Exam 3: Cost Behavior176 Questions
Exam 4: Cost-Volume-Profit Analysis: a Managerial Planning Tool167 Questions
Exam 5: Job-Order Costing171 Questions
Exam 6: Process Costing158 Questions
Exam 7: Activity-Based Costing and Management162 Questions
Exam 8: Absorption and Variable Costing,and Inventory Management110 Questions
Exam 9: Profit Planning165 Questions
Exam 10: Standard Costing: a Managerial Control Tool163 Questions
Exam 11: Flexible Budgets and Overhead Analysis156 Questions
Exam 12: Performance Evaluation and Decentralization157 Questions
Exam 13: Short-Run Decision Making: Relevant Costing154 Questions
Exam 14: Capital Investment Decisions163 Questions
Exam 15: Statement of Cash Flows146 Questions
Exam 16: Financial Statement Analysis169 Questions
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To promote ethical behavior by managers and employees,organizations commonly establish a__________________________.
(Short Answer)
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Activity-based costing is a less detailed approach to determining the cost of goods and services than traditional cost accounting.
(True/False)
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__________________________________________ is a management philosophy in which manufacturers strive to create an environment that will enable workers to manufacture perfect (zero-defect)products.
(Short Answer)
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________________________ involves choosing actions that are right,proper,and just.
(Short Answer)
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Which of the following areas is not emphasized on the CMA examination?
(Multiple Choice)
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The value chain is the set of activities required to design,develop,produce,market,and deliver products and service to customers.
(True/False)
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Developing a company strategy for responding to anticipated new markets is an example of
(Multiple Choice)
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List the different types of certifications that can be obtained by an accountant.
(Essay)
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The managerial accounting system produces information for __________ users.
(Short Answer)
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Persons in the United States who provide assurance service are designated as
(Multiple Choice)
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Investigating production variances and adjusting the production process is an example of
(Multiple Choice)
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__________________________ organizes costs according to the value chain and collects both financial and nonfinancial information.
(Short Answer)
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Virtually all managerial accounting practices were developed to assist managers in maximizing profits.
(True/False)
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Which of the following would normally occupy a staff position?
(Multiple Choice)
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The detailed formulation of action to achieve a particular end is the management activity called_____________.
(Short Answer)
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_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste,increasing quality and managing costs.
(Short Answer)
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Describe the major differences between managerial accounting and financial accounting.
Managerial accounting:
Internally focused
No mandatory rules
Financial and nonfinancial information; subjective information possible
Emphasis on the future
Internal evaluation and decisions based on very detailed information
Broad,multidisciplinary
(Essay)
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Accountants that have a Certificate in Public Accounting (CPA):
(Multiple Choice)
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