Course Hero Logo

Chapter19_Testbank.pdf - Chapter 19 Testbank Student: _ 1....

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 3 out of 73 pages.

Chapter 19 TestbankStudent: ___________________________________________________________________________1. Which of the following statements about the management accountant's role in the decision-making process is/are true? i. The management accountant is primarily responsible for selecting an alternative in the decision-making process.ii. The management account is primarily responsible for collecting the data in the decision-making process.iii. The management accountant is sometimes involved in developing a decision model in the decision-making process. A. iB. i and iiC. i and iiiD. ii and iii
2. Which of the following statements about the decision-making process is/are true? i. The first step in the decision-making process is to define or clarify a decision problem into clear terms that can be addressed.ii. Before alternatives can be identified, the necessary data must first be collected.iii. After the alternatives are identified, the criterion on which a decision will be made must be specified. 
3. When the objectives of the decision are in conflict, one objective may be specified as the decision criterion and the other objectives are established as: 
4. What term is used to describe factors in a decision problem that cannot be expressed effectively in numerical terms? 
5. Decision problems involving accounting data are specified in: A. qualitative terms.B. quantitative terms.C. financial aspects.D. accounting aspects.
6. Criteria measured utilising quantitative terms include objectives such as: 

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 73 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
N/A
Tags

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture