Practice Quiz 1 - Practice Quiz 1 1 Managerial accounting...

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1. Managerial accounting places considerable weight on: A) generally accepted accounting principles. B) the financial history of the entity. C) ensuring that all transactions are properly recorded. D) detailed segment reports about departments, products, and customers. 2. The plans of management are often expressed formally in: A) financial statements. B) performance reports. C) budgets. D) ledgers. 3. The phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making is called: A) throughput time. B) managerial accounting. C) financial accounting. D) controlling. 4. A staff position: A) relates directly to the carrying out of the basic objectives of the organization. B) is supportive in nature, providing service and assistance to other parts of the organization. C) is superior in authority to a line position. D) none of these. 5. A _______________ position in an organization is directly related to the achievement of the organization's basic objectives. A) line
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This note was uploaded on 12/05/2009 for the course ACC ACC 502 taught by Professor Prof.l.liu during the Spring '09 term at CSU Dominguez Hills.

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Practice Quiz 1 - Practice Quiz 1 1 Managerial accounting...

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