21. Which of the following choices correctly depicts whether McDonald's, the University ofWisconsin, and Apple Inc. would have a need for managerial accounting?A.Choice AB.Choice BC.Choice CD.Choice DE.Choice E Show
22. Which of the following would likely be considered an internal user of accountinginformation rather than an external user? Get answer to your question and much more 23. Financial accounting focuses primarily on reporting: Get answer to your question and much more 24. Which of the following characteristic(s) relate(s) more to managerial accounting than tofinancial accounting? Get answer to your question and much more
1. Controlling involves the coordination of daily business functions within an organization.FALSE 2. Measuring the erfor!ance of !anagers and subunits is not an ob"ective of !anagerial accounting.FAlSE 3. Middle#level !anagers would li$ely be considered internal users of accounting infor!ation rather than e%ternal users. &'(E ). A controller is nor!ally involved with rearing *nancial state!ents. &'(E+. &he uer li!it on the roduction of goods and services if everything wor$s erfectly is $nown as ractical caacity.FALSE ,. -hich of the following state!ents about !anagerial accountants is falseA. Managerial accountants !ore and !ore are considered /business artners.0. Managerial accountants often are art of cross functional tea!s.C. ncreasing nu!ber of organizations are segregating !anagerial accountants in searate !anagerial accounting deart!ents.3. n a nu!ber of co!anies !anagerial accountants !a$e signi*cant business decisions and resolve oerating roble!s. E. &he role of !anagerial accountants has changed considerably over the ast decade4. &he day#to#day wor$ of !anage!ent tea!s will tyically co!rise all of the following activities except A. decision !a$ing.. lanning.C. cost !ini!izing.3. directing oerational activities.E. controlling. 5. -hich of the following functions is best described as choosing a!ong availablealternativesA. 3ecision !a$ing.. 6lanning.C. 3irecting oerational activities.
3. Controlling.E. udgeting.7. -hich of the following !anagerial functions involves a detailed *nancial and oerational descrition of anticiated oerationsA. 3ecision !a$ing.. 6lanning.C. 3irecting oerational activities.3. Controlling.E. Measuring. 18. -hich of the following involves the coordination of daily business functions within an organizationA. 3ecision !a$ing.. 6lanning.C. 3irecting oerational activities.3. Controlling.E. Motivating11. &aurus Co!any has set various goals and !anage!ent is now ta$ing aroriate action to ensure that the *r! achieves these goals. ,ne such action is to reduce outlays for overhead9 which have e%ceeded budgeted a!ounts. -hich of the following functions best describes this rocessA. 3ecision !a$ing.. 6lanning.C. Coordinating.3. Controlling.E. :rganizing. 12. -hich of the following is not an ob"ective of !anagerial accountingA. 6roviding infor!ation for decision !a$ing and lanning.. Assisting in directing and controlling oerations.C. Ma%i!izing ro*ts and !ini!izing costs.3. Measuring the erfor!ance of !anagers and subunits.E. Motivating !anagers toward the organization4s goals1;. &he role of !anagerial accounting infor!ation in assisting !anage!ent is a<n=>A. *nancial directing role.. attention#directing role.C. lanning and controlling role.3. organizational role.E. roble! solving role.
1). E!loyee e!ower!ent involves encouraging and authorizing wor$ers to ta$e initiatives to> A. i!rove oerations.. reduce costs.C. i!rove roduct ?uality.3. i!rove custo!er service.E. All of these1+. &he rocess of encouraging and authorizing wor$ers to ta$e aroriate initiatives to i!rove the overall *r! is co!!only $nown as> A. lanning and control.. e!loyee e!ower!ent.C. ersonnel aggressiveness.3. decision !a$ing.E. roble! recognition and solution.1,. -hich of the following business !odels considers *nancial9 custo!er9 internal oerating9 and other !easures in the evaluation of erfor!ance=A. 3eter!inistic si!ulation.. alanced scorecard.C. 6ayo@ !atri%3. 3ecision tree.E. Chart of oerating erfor!ance <C:6=14. -hich of the following ersectives is nor!ally absent in a balanced scorecardA. Financial.. Custo!er.C. nternal oerations.3. Learning and innovationgrowth.E. Bone of these15. Managerial accounting A. focuses only on historical data.. is governed by AA6C. focuses ri!arily on the needs of ersonnel within the organization.3. rovides infor!ation for arties e%ternal to the organization.E. focuses on *nancial state!ents and other *nancial reort Which of the following would likely be considered an internal user of accounting information rather than an external user?Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information.
Which of the following set of activities would primarily be done by a managerial accountant?The main objective of managerial accounting is to assist the management of a company in efficiently performing its functions: planning, organizing, directing, and controlling. Management accounting helps with these functions in the following ways: 1. Provides data: It serves as a vital source of data for planning.
Which of the following is not a component of factory overhead?Factory overhead represents the costs incurred by an organization when manufacturing a product, except the costs of direct labor and materials.
Which of the following is the development of a detailed financial and operational description of anticipated operations?- Directing operational activities. - Controlling. Which of the following managerial functions involves a detailed financial and operational description of anticipated operations? - Decision making.
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Which of the following employees at Delta Airlines would not be considered as holding a line position?
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