1. LO 1.1The managers of an organization are responsible for performing several broad functions.
They are ________. 2. LO 1.1Management accountants help the management of an organization in their planning function through ________.
3. LO 1.1Which of the following is a primary aspect of the evaluating function within an organization?
4. LO 1.1During the control function, the measurements taken of the performance must be accurate enough to see ________.
5. LO 1.1Which of the following is false regarding strategic planning?
6. LO 1.2Managerial accounting produces information:
7. LO 1.2Management accounting:
8. LO 1.2Internal users of accounting information would not include ________.
9. LO 1.2External users of accounting information would include ________.
10. LO 1.2Which of the following statements is incorrect?
11. LO 1.3The stockholders of a company are:
12. LO 1.3The controller of a corporation:
13. LO 1.3The Chartered Financial Analyst (CFA) certification:
14. LO 1.3The Certified Management Accountant (CMA) certification:
15. LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
16. LO 1.3Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry?
17. LO 1.4What is the law that protects investors from fraudulent financial accounting activity?
18. LO 1.4What year was the Sarbanes-Oxley Act enacted?
19. LO 1.4When a representative of an organization gives money to another business official in order to gain favor and/or manipulate a business decision, this is known as ________.
20. LO 1.4The law that specifically prohibits payments to foreign officials in order to attain business is known as ________.
21. LO 1.4Which of the following is not a step in the outline for examining ethical issues?
22. LO 1.5Which of the following is not an objective used in the balanced scorecard approach?
23. LO 1.5Which of the following is not true regarding continuous improvement?
24. LO 1.5A company’s attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ________.
25. LO 1.5A process that is often linked to Six Sigma and is designed toward continuous improvement by eliminating waste is ________.
26. LO 1.5An inventory system that organizations use to increase efficiency and decrease waste is ________.
27. LO 1.5A quality control program that depends on multiple team members for removing waste and diminishing defects within products is ________.
Which is the best description of traditional cost accounting quizlet?Which is the best description of traditional cost accounting? B) The accounts used to determine the costs of goods sold by an entity.
Which of the following statements is a difference between financial and managerial accounting?The difference between financial and managerial accounting is that financial accounting is the collection of accounting data to create financial statements, while managerial accounting is the internal processing used to account for business transactions.
Which of the following statements is true about period costs quizlet?Which of the following statements about Period Costs is TRUE? Most period costs are expensed in the period in which the costs are incurred.
Which of the following statements is true if a service business bills clients for services in advance?Which of the following statements is true if a service business bills clients for services in advance? The billed amount is treated as deferred revenue until the services are completed.
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