Question 1

Today much of the pressure on corporate executives to "cook" the books is driven by the desire to look good to Wall Street analysts and investors.

Accepted Answer

A) True 
 B)False

Question 2

An information technology officer is a middle- or lower-level manager who is responsible for maintaining a firm's information system.

Accepted Answer

A) True 
 B)False

Question 3

A person who wishes to practice accounting as a CPA must pass an exam prepared by the American Institute of Certified Public Accountants (AICPA).

Accepted Answer

A) True 
 B)False

Question 4

According to the accounting equation, cash, inventory, equipment, and real estate are classified as owners' equity.

Accepted Answer

A) True 
 B)False

Question 5

Regina owns and operates her own bakery and coffee shop. Regina has no accounting training and has only three employees. How does she most likely handle the necessary accounting for her business?

Accepted Answer

A)  She does it herself because it takes little training or knowledge. 
B)  She hires a private accountant to work for her and take care of the accounting functions. 
C)  She has one of her part-time chefs do the accounting when he has time. 
D)  She pays a public accountant to do the accounting for her business. 
E)  She does nothing at all, because accounting is not necessary for businesses. 
A)  She does it herself because it takes little training or knowledge. 
B)  She hires a private accountant to work for her and take care of the accounting functions. 
C)  She has one of her part-time chefs do the accounting when he has time. 
D)  She pays a public accountant to do the accounting for her business. 
E)  She does nothing at all, because accounting is not necessary for businesses.

Question 6

Individuals or organizations outside of a company will never have the need or desire to view information on another company's finances.

Accepted Answer

A) True 
 B)False

Question 7

Resources that a firm owns are classified as assets.

Accepted Answer

A) True 
 B)False

Question 8

Describe the employment trends for accountants, auditors, and managers in the accounting profession between now and the year 2020. Then describe what skills employees must have in order to be successful in the accounting profession.

Accepted Answer

The employment trends for accountants, a

Question 9

External sources for collecting data are used because the cost is usually quite low.

Accepted Answer

A) True 
 B)False

Question 10

Information rules are sometimes referred to as the great simplifiers.

Accepted Answer

A) True 
 B)False

Today much of the pressure on corporate executives to "cook" the books is driven by the desire to look good to Wall Street analysts and investors.

An information technology officer is a middle- or lower-level manager who is responsible for maintaining a firm's information system.

A person who wishes to practice accounting as a CPA must pass an exam prepared by the American Institute of Certified Public Accountants (AICPA).

According to the accounting equation, cash, inventory, equipment, and real estate are classified as owners' equity.

Regina owns and operates her own bakery and coffee shop. Regina has no accounting training and has only three employees. How does she most likely handle the necessary accounting for her business?

Individuals or organizations outside of a company will never have the need or desire to view information on another company's finances.

Resources that a firm owns are classified as assets.

Describe the employment trends for accountants, auditors, and managers in the accounting profession between now and the year 2020. Then describe what skills employees must have in order to be successful in the accounting profession.

External sources for collecting data are used because the cost is usually quite low.

Information rules are sometimes referred to as the great simplifiers.

Exploring the World of Business and Economics

A: Being Ethical and Socially Responsible

B: Being Ethical and Socially Responsible

A: Exploring Global Business

B: Exploring Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Enhancing Union-Management Relations

Building Customer Relationships Through Effective Marketing

A: Creating and Pricing Products That Satisfy Customers

B: Creating and Pricing Products That Satisfy Customers

Wholesaling, Retailing, and Physical Distribution

Developing Integrated Marketing Communications

Social Media, E-Business, and Accounting

Understanding Money, Banking, and Credit

Mastering Financial Management

A: Understanding Personal Finances and Investments

B: Understanding Personal Finances and Investments

Filters

Exam 17: Using Management and Accounting Information

Today much of the pressure on corporate executives to "cook" the books is driven by the desire to look good to Wall Street analysts and investors.

An information technology officer is a middle- or lower-level manager who is responsible for maintaining a firm's information system.

A person who wishes to practice accounting as a CPA must pass an exam prepared by the American Institute of Certified Public Accountants (AICPA).

According to the accounting equation, cash, inventory, equipment, and real estate are classified as owners' equity.

Regina owns and operates her own bakery and coffee shop. Regina has no accounting training and has only three employees. How does she most likely handle the necessary accounting for her business?

Individuals or organizations outside of a company will never have the need or desire to view information on another company's finances.

Resources that a firm owns are classified as assets.

Describe the employment trends for accountants, auditors, and managers in the accounting profession between now and the year 2020. Then describe what skills employees must have in order to be successful in the accounting profession.

External sources for collecting data are used because the cost is usually quite low.

Information rules are sometimes referred to as the great simplifiers.

Exploring the World of Business and Economics

A: Being Ethical and Socially Responsible

B: Being Ethical and Socially Responsible

A: Exploring Global Business

B: Exploring Global Business

Choosing a Form of Business Ownership

Small Business, Entrepreneurship, and Franchises

Understanding the Management Process

Creating a Flexible Organization

Producing Quality Goods and Services

Attracting and Retaining the Best Employees

Motivating and Satisfying Employees and Teams

Enhancing Union-Management Relations

Building Customer Relationships Through Effective Marketing

A: Creating and Pricing Products That Satisfy Customers

B: Creating and Pricing Products That Satisfy Customers

Wholesaling, Retailing, and Physical Distribution

Developing Integrated Marketing Communications

Social Media, E-Business, and Accounting

Understanding Money, Banking, and Credit

Mastering Financial Management

A: Understanding Personal Finances and Investments

B: Understanding Personal Finances and Investments

Filters