CostAcctingSolutions

CostAcctingSolutions - Cost Accounting 13e(Horngren et al...

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Unformatted text preview: Cost Accounting, 13e (Horngren et al.) Chapter 22 1 Managemen t Control Systems, Transfer Pricing, and Multination al Consideratio n s 1) The goal of a management control system is to improve the collective decisions in an organization in an economically feasible way. Answer: TRUE Diff: 1 Terms: management control system Objective: 1 AACSB: Communication 2) Managem ent control systems reflect only financial data. Answer: FALSE Explanation: Management control systems also reflect nonfinancial data. Diff: 1 Terms: management control system Objective: 1 AACSB: Reflective thinking 3) Presentin g financial and nonfinancial information in a single report is called the unified reporting method. Answer: FALSE Explanation: This is called the Diff: 1 Terms: management control system Objective: 1 AACSB: Reflective thinking 4) Motivatio n is the desire to attain a selected goal combined with the resulting drive or pursuit toward that goal. Answer: TRUE Diff: 1 Terms: motivation Objective: 1 AACSB: Reflective thinking 5) The essence of decentralization is the freedom for managers at lower levels of the organization to make decisions. Answer: TRUE Diff: 1 Terms: decentralization Objective: 1 AACSB: Analytical skills 6) A management control system would include both formal as well as informal control mechanisms. Answer: TRUE Diff: 2 Terms: management control system Objective: 1 AACSB: Analytical skills 7) A well-designed management control system obtains all of its information from within the company. Answer: FALSE Explanation: Well-designed management control systems use information both from within the company and from outside the company, such as stock price and customer satisfaction measures. Diff: 2 Terms: management control system Objective: 1 AACSB: Communication 8) Absenteei sm would be an example of a Balanced Scorecard control measure from a customer perspective. Answer: FALSE Explanation: Absenteeism would be an example of a Balanced Scorecard control measure from a learning and growth perspective. Diff: 2 Terms: management control system Objective: 1 AACSB: Reflective thinking 9) Goal congruence exists when individuals work toward achieving one goal, and groups work toward achieving a different goal. Answer: FALSE Explanation: Goal congruence exists when individuals and groups work toward achieving the same goal. Diff: 2 Terms: goal congruence Objective: 1 AACSB: Reflective thinking 10) Effort is defined as achievement of a goal. Answer: FALSE Explanation: Effort is exertion toward Diff: 2 Terms: effort Objective: 1 AACSB: Reflective thinking 11) Effort in...
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CostAcctingSolutions - Cost Accounting 13e(Horngren et al...

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