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ch22 - CostAccounting,13e(Horngrenetal Chapter22 1...

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Cost Accounting, 13e (Horngren et al.)  Chapter 22    1
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Managemen t Control  Systems,  Transfer  Pricing, and  Multination al  Consideratio n s 1) 
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The goal  of a management control system is to improve the collective decisions in an organization in an economically feasible way.  Answer:  
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TRUE  Diff: 1  Terms: 
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management  control system  Objective: 
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AACSB: 
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Communication 2) 
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Managem ent control systems reflect only financial data.   Answer:  
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FALSE  Explanation:  
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Management control  systems also reflect  nonfinancial data. 
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Diff: 1  Terms: 
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management  control system  Objective: 
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AACSB: 
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Reflective thinking 3) 
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Presentin g financial and nonfinancial information in a single report is called the unified reporting method.   Answer:  
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FALSE  Explanation:  
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This is called the  Diff: 1  Terms: 
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management  control system  Objective: 
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AACSB: 
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Reflective thinking 4) 
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