Exam 1: Introduction to Managerial Accounting

Management accountants spend more time planning,analyzing and interpreting accounting data and less time recording routine accounting transactions than they have in the past.

(True/False)

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Question 121

Under Sarbanes-Oxley,what is the maximum number of years of imprisonment for knowingly destroying or creating documents to obstruct any federal investigation?

(Multiple Choice)

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Question 122

The cost of fixing defective units found during the quality inspections would be classified as a(n)

(Multiple Choice)

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Question 123

Throughput time is cut when which of the following methods is used?

(Multiple Choice)

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Question 124

Which term below best describes the quality cost category for "cost of warranty repairs on food processors"?

(Multiple Choice)

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Question 125

IFRS stands for "important financial reporting standards."

(True/False)

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Question 126

Who requires companies listed on the New York Stock Exchange to have an internal audit function?

(Multiple Choice)

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Question 127

The lost profits from lost customers are an example of

(Multiple Choice)

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Question 128

Production loss caused by downtime is an example of what type of cost?

(Multiple Choice)

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Question 129

The Society of Management Accountants ethical principles include: responsibility, loyalty,honour and independence.

(True/False)

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Question 130

Information for external parties about past performance is provided by

(Multiple Choice)

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Question 131

Which of following is TRUE?

(Multiple Choice)

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Question 132

Which one of the following manager responsibilities encompasses the other three?

(Multiple Choice)

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Question 133

Which of the following statements is FALSE?

(Multiple Choice)

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Question 134

Why is it important that all managerial accountants adhere to professional and ethical standards as codified by the profession?

(Essay)

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Question 135

The advantages of XBRL include decreases in the need for manual searches through corporate reports for specific pieces of information as well as facilitating the comparison of companies results to industry averages and to each other.

(True/False)

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Question 136

The COO is responsible for managing which of the following aspect(s)of the company?

(Multiple Choice)

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Question 137

The cost of maintaining testing equipment would be classified as a(n)

(Multiple Choice)

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Question 138

Your company sends you to a conference to update your skills.You decide to skip the afternoon session and go sightseeing.This violates the professional competency and integrity standards.

(True/False)

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Question 139

When management compares the budget to actual results,which of the following is being fulfilled?

(Multiple Choice)

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Question 140

Showing 121 - 140 of 196

Management accountants spend more time planning,analyzing and interpreting accounting data and less time recording routine accounting transactions than they have in the past.

Under Sarbanes-Oxley,what is the maximum number of years of imprisonment for knowingly destroying or creating documents to obstruct any federal investigation?

The cost of fixing defective units found during the quality inspections would be classified as a(n)

Throughput time is cut when which of the following methods is used?

Which term below best describes the quality cost category for "cost of warranty repairs on food processors"?

IFRS stands for "important financial reporting standards."

Who requires companies listed on the New York Stock Exchange to have an internal audit function?

The lost profits from lost customers are an example of

Production loss caused by downtime is an example of what type of cost?

The Society of Management Accountants ethical principles include: responsibility, loyalty,honour and independence.

Information for external parties about past performance is provided by

Which of following is TRUE?

Which one of the following manager responsibilities encompasses the other three?

Which of the following statements is FALSE?

Why is it important that all managerial accountants adhere to professional and ethical standards as codified by the profession?

The advantages of XBRL include decreases in the need for manual searches through corporate reports for specific pieces of information as well as facilitating the comparison of companies results to industry averages and to each other.

The COO is responsible for managing which of the following aspect(s)of the company?

The cost of maintaining testing equipment would be classified as a(n)

Your company sends you to a conference to update your skills.You decide to skip the afternoon session and go sightseeing.This violates the professional competency and integrity standards.

When management compares the budget to actual results,which of the following is being fulfilled?

Building Blocks of Managerial Accounting

Job Costing

Activity Based Costing

Process Costing

Cost Behaviour

Cost-Volume-Profit Analysis

Short-Term Business Decisions

The Master Budget and Responsibility Accounting

Flexible Budgets and Standard Costs

Performance Evaluation and the Balanced Scorecard

Capital Investment Decisions and the Time Value of Money

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