Question 1

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

Accepted Answer

The answer of Positions that are supportive in nature and...

Question 2

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as ______________.

Accepted Answer

The answer of The managerial activity of monitoring a plan's...

Question 3

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.

Accepted Answer

The answer of The _____________________ is the set of activities...

Question 4

The primary objective of managerial accounting is:

Accepted Answer

A)  to produce information for external users, including investors, creditors, customers, suppliers, and government agencies. 
B)  to produce financial information that must comply with various accounting standards. 
C)  to provide management with financial and nonfinancial information useful in planning, controlling, and decision making. 
D)  to provide the Internal Revenue Service with financial and nonfinancial information about the taxable income of an organization. 
A)  to produce information for external users, including investors, creditors, customers, suppliers, and government agencies. 
B)  to produce financial information that must comply with various accounting standards. 
C)  to provide management with financial and nonfinancial information useful in planning, controlling, and decision making. 
D)  to provide the Internal Revenue Service with financial and nonfinancial information about the taxable income of an organization.

Question 5

Excellent customer service is an example of a value-added activity.

Accepted Answer

A) True 
 B)False

Question 6

Persons in the United States who provide assurance service are designated as

Accepted Answer

A)  Certified Public Accountants. 
B)  Certified Financial Accountants. 
C)  Chartered Accountants. 
D)  Certified Management Accountants. 
A)  Certified Public Accountants. 
B)  Certified Financial Accountants. 
C)  Chartered Accountants. 
D)  Certified Management Accountants.

Question 7

The detailed formulation of action to achieve a particular end is the management activity called_____________.

Accepted Answer

The answer of The detailed formulation of action to achieve...

Question 8

Investigating production variances and adjusting the production process is an example of

Accepted Answer

A)  planning. 
B)  controlling. 
C)  decision making. 
D)  all of these. 
A)  planning. 
B)  controlling. 
C)  decision making. 
D)  all of these.

Question 9

Managerial accounting strongly emphasizes providing information about _________________.

Accepted Answer

The answer of Managerial accounting strongly emphasizes providing information about...

Question 10

____________________ is primarily concerned with producing information for external users.

Accepted Answer

Financial

Question 11

The managerial accounting system produces information for __________ users.

Accepted Answer

The answer of The managerial accounting system produces information for...

Question 12

Activity-based costing

Accepted Answer

A)  strives to create an environment that will enable workers to manufacture zero-defect products. 
B)  is the process of choosing among competing alternatives. 
C)  was established in response to financial scandals. 
D)  encourages process-value analysis. 
A)  strives to create an environment that will enable workers to manufacture zero-defect products. 
B)  is the process of choosing among competing alternatives. 
C)  was established in response to financial scandals. 
D)  encourages process-value analysis.

Question 13

Managerial Accounting is designed primarily for internal users.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is true of managerial accounting?

Accepted Answer

A)  Managerial accounting is the provision of accounting information for a company's external users. 
B)  Managerial accounting aims at providing information for controlling the organization's actions. 
C)  Managerial accounting provides historical information. 
D)  Managerial accounting is subject to rules for external financial reporting. 
A)  Managerial accounting is the provision of accounting information for a company's external users. 
B)  Managerial accounting aims at providing information for controlling the organization's actions. 
C)  Managerial accounting provides historical information. 
D)  Managerial accounting is subject to rules for external financial reporting.

Question 15

__________________________________________ is a management philosophy in which manufacturers strive to create an environment that will enable workers to manufacture perfect (zero-defect) products.

Accepted Answer

Total qual

Question 16

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

Accepted Answer

The answer of The________________supervises all accounting functions and reports directly...

Question 17

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Accepted Answer

Continuous

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

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as ______________.

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.

The primary objective of managerial accounting is:

Excellent customer service is an example of a value-added activity.

Persons in the United States who provide assurance service are designated as

The detailed formulation of action to achieve a particular end is the management activity called_____________.

Investigating production variances and adjusting the production process is an example of

Managerial accounting strongly emphasizes providing information about _________________.

____________________ is primarily concerned with producing information for external users.

The managerial accounting system produces information for __________ users.

Activity-based costing

Managerial Accounting is designed primarily for internal users.

Which of the following is true of managerial accounting?

__________________________________________ is a management philosophy in which manufacturers strive to create an environment that will enable workers to manufacture perfect (zero-defect) products.

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

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Basic Managerial Accounting Concepts

Cost Behavior, Cost Forecasting, and Segmented Income Statements

Job-Order Costing and Normal Cost Overhead Application

Activity-Based Costing and Management

Process Costing

Cost-Volume-Profit Analysis

Tactical Decision-Making and Relevant Costing

Profit Planning and Flexible Budgets

Standard Costing and Variance Analysis

Performance Evaluation and Decentralization

Capital Investment Decisions

Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

Statement of Cash Flows

Financial Statement Analysis

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Exam 1: Introduction to Managerial Accounting

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

The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as ______________.

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.

The primary objective of managerial accounting is:

Excellent customer service is an example of a value-added activity.

Persons in the United States who provide assurance service are designated as

The detailed formulation of action to achieve a particular end is the management activity called_____________.

Investigating production variances and adjusting the production process is an example of

Managerial accounting strongly emphasizes providing information about _________________.

____________________ is primarily concerned with producing information for external users.

The managerial accounting system produces information for __________ users.

Activity-based costing

Managerial Accounting is designed primarily for internal users.

Which of the following is true of managerial accounting?

__________________________________________ is a management philosophy in which manufacturers strive to create an environment that will enable workers to manufacture perfect (zero-defect) products.

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

_____________________________ is the continual search for ways to increase the overall efficiency and productivity of activities by reducing waste, increasing quality and managing costs.

Basic Managerial Accounting Concepts

Cost Behavior, Cost Forecasting, and Segmented Income Statements

Job-Order Costing and Normal Cost Overhead Application

Activity-Based Costing and Management

Process Costing

Cost-Volume-Profit Analysis

Tactical Decision-Making and Relevant Costing

Profit Planning and Flexible Budgets

Standard Costing and Variance Analysis

Performance Evaluation and Decentralization

Capital Investment Decisions

Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

Statement of Cash Flows

Financial Statement Analysis

Filters