Test Bank For Managerial Accounting Creating Value in a Dynamic Business Environment 10th edition By Hilton
Chapter 01: The Changing Role of Managerial Accounting in a Dynamic Business Environment
True / False Questions
| 1. | Controlling involves the coordination of daily business functions within an organization.
True False |
| 2. | Measuring the performance of managers and subunits is not an objective of managerial accounting.
True False |
| 3. | Middle-level managers would likely be considered internal users of accounting information rather than external users.
True False |
| 4. | A controller is normally involved with preparing financial statements.
True False |
| 5. | The upper limit on the production of goods and services if everything works perfectly is known as practical capacity.
True False |
Multiple Choice Questions
| 6. | Which of the following statements about managerial accountants is false?
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| 7. | The day-to-day work of management teams will typically comprise all of the following activities except:
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| 8. | Which of the following functions is best described as choosing among available alternatives?
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| 9. | Which of the following managerial functions involves a detailed financial and operational description of anticipated operations?
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| 10. | Which of the following involves the coordination of daily business functions within an organization?
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