Question 1

Service organizations have no need for management accounting.

Accepted Answer

A) True 
 B)False

Question 2

The process of choosing among competing alternatives is decision making.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following involves choosing actions that are right,proper,and just?

Accepted Answer

A) balanced costing 
B) activity-based costing 
C) ethical behaviour 
D) cross-functional perspective 
A) balanced costing 
B) activity-based costing 
C) ethical behaviour 
D) cross-functional perspective

Question 4

Which of the following is a characteristic of management accounting?

Accepted Answer

A) It provides objective financial information. 
B) It must adhere to mandatory rules. 
C) It has no mandatory rules. 
D) Its main users are outside of the organization. 
A) It provides objective financial information. 
B) It must adhere to mandatory rules. 
C) It has no mandatory rules. 
D) Its main users are outside of the organization.

Question 5

Which of the following activities does the controller of an organization participate in?

Accepted Answer

A) controlling, planning, and assessing 
B) decision making and assessing 
C) planning, assessing, and decision making 
D) planning, controlling, and decision making 
A) controlling, planning, and assessing 
B) decision making and assessing 
C) planning, assessing, and decision making 
D) planning, controlling, and decision making

Question 6

What activity would not be included in the Triple Bottom Line?

Accepted Answer

A) measures of the number of volunteer hours by employees 
B) measures of the litres of waste water dumping into a river 
C) measures of the environmental impact of a pipeline 
D) measures of revenues minus expenses generated 
A) measures of the number of volunteer hours by employees 
B) measures of the litres of waste water dumping into a river 
C) measures of the environmental impact of a pipeline 
D) measures of revenues minus expenses generated

Service organizations have no need for management accounting.

The process of choosing among competing alternatives is decision making.

Which of the following involves choosing actions that are right,proper,and just?

Which of the following is a characteristic of management accounting?

Which of the following activities does the controller of an organization participate in?

What activity would not be included in the Triple Bottom Line?

Basic Managerial Accounting Concepts

Cost Behaviour

Costvolumeprofit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Budgeting, production, cash, and Master Budget

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Filters

Exam 1: Introduction to Managerial Accounting

Service organizations have no need for management accounting.

The process of choosing among competing alternatives is decision making.

Which of the following involves choosing actions that are right,proper,and just?

Which of the following is a characteristic of management accounting?

Which of the following activities does the controller of an organization participate in?

What activity would not be included in the Triple Bottom Line?

Basic Managerial Accounting Concepts

Cost Behaviour

Costvolumeprofit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Budgeting, production, cash, and Master Budget

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Performance Evaluation and Decentralization

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Filters