Managerial Financial Accounting Chapter 1 Practice Quiz

Managerial - Self Study Question 1 Correct Decision making is a management activity involves changing operations revising plans or

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Self Study, Question 1
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Correct. Decision making is a management activity involves changing operations, revising plans, or rewarding/punishing managers. True False Self Study, Question 2 Correct. Evaluating is a management activity compares actual results with planned outcomes as a basis for corrective action. True False Self Study, Question 3 Correct. Planning management activity formulates goals, communicates them to employees, and specifies the resources needed to achieve them. True
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Self Study, Question 4 Correct! The primary goal of managerial accounting is to: provide information for planning, control, and decision making. provide information to current and potential investors in the company. provide information to creditors as well as current and prospective investors. provide information to creditors, taxing authorities, and current and prospective investors. Self Study, Question 5 Correct! Decision making is a management activity that involves changing operations, revising plans, or rewarding/punishing managers. Control is management activity that compares actual results with planned outcomes as a basis for corrective action. Planning is a management activity
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This note was uploaded on 08/02/2011 for the course MGMT 425 taught by Professor Brown/lexner during the Spring '11 term at Kaplan University.

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Managerial - Self Study Question 1 Correct Decision making is a management activity involves changing operations revising plans or

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