123456MAS.docx - MULTIPLE CHOICE QUESTIONS 1 Which of the...

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123456MAS.docx

5 .   Which of the following involves the coordination of daily business functions within an organization ?
A. Decision making .
B. Planning .
1 .   Which of the following statements about managerial accountants is false ?
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6 .   Titan Company has set various goals , and management is now taking appropriate action to ensure that the firm achieves these goals . One such action is to reduce outlays for overhead , which have exceeded budgeted amounts . Which of the following functions best describes this process ?
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2 .   The day - to - day work of management teams will typically comprise all of the following activities except :
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7 .   Which of the following is not an objective of managerial accounting ?
A . Providing information for decision making and planning .
B. Assisting in directing and controlling operations .
C. Maximizing profits and minimizing costs .
D. directing operational activities .
E. controlling .
3 .   Which of the following functions is best described as choosing among available alternatives ?
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8 .   The role of managerial accounting information in assisting management is a ( n ) :
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4 .   Which of the following managerial functions involves a detailed financial and operational description of anticipated operations ?
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9 .   Employee empowerment involves encouraging and authorizing workers to take initiatives to :
A. improve operations .
B. reduce costs .
C. improve product quality .
D. improve customer service .
E. all of the above .
Answer:  E.   all of the above .
14 .   Managerial accounting :
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10 .   The process of encouraging and authorizing workers to take appropriate initiatives to improve the overall firm is commonly known as :
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15 .   Which of the following would likely be considered an internal user of accounting information rather than an external user ?
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11 .   Which of the following business models considers financial , customer , internal operating , and other measures in the evaluation of performance ?
A . Deterministic simulation .
B . Balanced scorecard .
C . Payoff matrix .
D . Decision tree .
E . Chart of operating performance COP .
Answer:  B .   Balanced scorecard .
16 .   All of the following entities would have a need for managerial accounting information except :
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12 .   Which of the following perspectives is normally absent in a balanced scorecard ?
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17 .   Which of the following choices correctly depicts whether Bank of America , Microsoft , and Florida State University would have a need for managerial accounting ? Bank of America Microsoft Florida State University
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13 .   Managerial accounting :
A. focuses only on historical data .
B. is governed by GAAP .
C. focuses primarily on the needs of personnel within the organization .
D. provides information for parties external to the organization .
E. focuses on financial statements and other financial reports .
Answer:  C.   focuses primarily on the needs of personnel within the organization .
18 .   Financial accounting focuses primarily on reporting :
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22 .   Which of the following employees at Starbucks would likely be considered as holding a staff position ?
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19 .   Which of the following statements represents a similarity between financial and managerial accounting ?
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23 .   The chief managerial and financial accountant of an organization is the :
A. chief executive officer ( CEO ) .
B. treasurer .
C. vice - president of accounting .
D. internal auditor .
E. chief financial officer ( CFO ) .
Answer:  E.   chief financial officer ( CFO ) .
24 .   Which of the following typically does not relate to the role of a controller ?
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20 .   Which of the following employees at American Airlines would not be considered as holding a line position ?
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21 .   Which of the following employees would be considered as holding a line position ?
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25 .   A controller is normally involved with :
A. preparing financial statements .
B. managing investments .
C. raising capital .
D. safeguarding assets .
E. managing the firm 's credit policy .
Answer:  A.   preparing financial statements .
26 .   Which of the following is not a function of the treasurer ?
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27 .   Managerial accountants :
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Principles of Microeconomics
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Chapter 16 / Exercise 5
Principles of Microeconomics
Mankiw
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MULTIPLE CHOICE QUESTIONS1.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.
LO: 1 Type: RC 2.The day-to-day work of management teams will typically comprise all of the following activities except: Providing information for decision making and planning. B.Assisting in directing and controlling operations. C.Maximizing profits and minimizing costs.
LO: 2 Type: RC 3.Which of the following functions is best described as choosing among available alternatives? A.Decision making. B.Planning. C.Directing operational activities. D.Controlling.
LO: 2 Type: RC 4.Which of the following managerial functions involves a detailed financial and operational description of anticipated operations? improve operations. B.reduce costs. C.improve product quality. D.improve customer service. E.all of the above.
LO: 2 Type: RC 5.Which of the following involves the coordination of daily business functions within an organization? A.Decision making. B.Planning.
LO: 2 Type: RC 6.Titan Company has set various goals, and management is now taking appropriate action to ensure that the firm achieves these goals. One such action is to reduce outlays for overhead, which have exceeded budgeted amounts. Whichof the following functions best describes this process?
D.Controlling. E.Organizing.
LO: 2 Type: N 7.Which of the following is notan objective of managerial accounting? A.Providing information for decision making and planning. B.Assisting in directing and controlling operations. C.Maximizing profits and minimizing costs.
D.Measuring the performance of managers and subunits. E.Motivating managers toward the organization's goals.
LO: 3 Type: RC 8.The role of managerial accounting information in assisting management is a(n):
LO: 3 Type: RC 9.Employee empowerment involves encouraging and authorizing workers to take initiatives to: A.improve operations. B.reduce costs. C.improve product quality. D.improve customer service. E.all of the above.
Chapter 11
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Principles of Microeconomics
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Chapter 16 / Exercise 5
Principles of Microeconomics
Mankiw
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Answer: E LO: 3 Type: RC
10.The process of encouraging and authorizing workers to take appropriate initiatives to improve the overall firm is commonly known as:

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