Sample Test for Chapter 1

Sample Test for Chapter 1 - Indiana University of...

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Indiana University of Pennsylvania Department of Accounting ACCT 607: MANAGEMENT ACCOUNTING Dr. Rahman Sample Quiz for Chapter 1 Circle the best choice. 1. 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. 2. Which of the following functions is best described as choosing among available alternatives? A. Decision making. B. Planning. C. Directing operational activities. D. Controlling. 3. 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.
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Sample Test for Chapter 1 - Indiana University of...

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