Test Bank For Managerial Accounting Creating Value in a Dynamic Business Environment 9Th Edition By Hilton

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Edition: 9th Edition

Format: Downloadable ZIP File

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Test Bank For Managerial Accounting Creating Value in a Dynamic Business Environment 9Th 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

 

  1. Measuring the performance of managers and subunits is not an objective of managerial accounting.
    True    False

 

  1. Middle-level managers would likely be considered internal users of accounting information rather than external users.
    True    False

 

  1. A controller is normally involved with preparing financial statements.
    True    False

 

  1. The upper limit on the production of goods and services if everything works perfectly is known as practical capacity.
    True    False

 Multiple Choice Questions

  1. Which of the following statements about managerial accountants is false?
    A. Managerial accountants more and more are considered “business partners.”
    B. Managerial accountants often are part of cross-functional teams.
    C. An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments.
    D. In a number of companies, managerial accountants make significant business decisions and resolve operating problems.
    E. The role of managerial accountants has changed considerably over the past decade.

 

  1. The day-to-day work of management teams will typically comprise all of the following activities except:
    A. decision making.
    B. planning.
    C. cost minimizing.
    D. directing operational activities.
    E. controlling.

 

  1. Which of the following functions is best described as choosing among available alternatives?
    A. Decision making.
    B. Planning.
    C. Directing operational activities.
    D. Controlling.
    E. Budgeting.

 

  1. Which of the following managerial functions involves a detailed financial and operational description of anticipated operations?
    A. Decision making.
    B. Planning.
    C. Directing operational activities.
    D. Controlling.
    E. Measuring.

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