Exam 1: Introduction to Managerial Accounting

Which of the following would not be an example of a value-added activity?

Positions that are supportive in nature and have only indirect responsibility for an organization's basic objectives are called ________________________.

The purpose of the Certificate in Public Accounting is to provide minimal professional qualification for external auditors.

The ____________________ is responsible for the finance function.

Which of the following is an example of the management activity referred to as planning?

______________________________ is the provision of accounting information for a company's internal users.

____________________ is primarily concerned with producing information for external users.

Total quality management emphasizes

The________________supervises all accounting functions and reports directly to the general manager and chief operating officer (COO).

Positions that have direct responsibility for the basic objectives of an organization are referred to as line positions.

Describe the provisions of the Sarbanes-Oxley Act of 2002.

Time is not a crucial element in all phases of the value chain.

Managerial accounting strongly emphasizes providing information about _________________.

In June 2002,Congress passed the____________________________________ in response to financial scandals such as Enron. or or

Managerial accounting has its emphasis on the future.

The process of choosing among competing alternatives is called ________________________.

Which of the following would normally occupy a line position?

The process of choosing among competing alternatives is decision making.

Financial accounting is governed by GAAP.

The _____________________ is the set of activities required to design,develop,produce,market and deliver products and services as well as provide support services to customers.