Managerial Accounting: Creating Value in a Dynamic Business Environment 12th Edition by Ronald Hilto
1.
Award: 1.00 point
2.
Award: 1.00 point
Two things that all organizations have in common are a set of goals and information needed by
managers.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define
managerial accounting and describe its
role in the management process.
The role of managerial accounting in organizations is the same as it has been over many years.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define
managerial accounting and describe its
role in the management process.
3.
Award: 1.00 point
4.
Award: 1.00 point
Controlling involves the coordination of daily business functions within an organization.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Explain four
fundamental management processes that
help organizations attain their goals.
Decision making requires managers to choose among the available alternatives.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Explain four
fundamental management processes that
help organizations attain their goals.
5.
Award: 1.00 point
6.
Award: 1.00 point
The balanced scorecard is an important managerial accounting tool for short-run competitiveness.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
In most situations, managerial accounting reports solve decision problems.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
7.
Award: 1.00 point
8.
Award: 1.00 point
Middle-level managers would likely be considered internal users of accounting information rather
than external users.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
Measuring the performance of managers and subunits is not an objective of managerial accounting.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
9.
Award: 1.00 point
10.
Award: 1.00 point
The nature of managerial accounting reports is to focus on the enterprise in its entirety.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
Line positions are indirectly involved in operational activities.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-05 Describe the
accounting and finance structure in an
organization.
11.
Award: 1.00 point
12.
Award: 1.00 point
The position of chief financial officer (CFO) is typically a staff position.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-05 Describe the
accounting and finance structure in an
organization.
A controller is normally involved with preparing financial statements.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-06 Describe the
roles of an organization's chief financial
officer (CFO) or controller, treasurer, and
internal auditor.
13.
Award: 1.00 point
14.
Award: 1.00 point
The treasurer typically is responsible for raising capital and safeguarding the organization’s assets.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-06 Describe the
roles of an organization's chief financial
officer (CFO) or controller, treasurer, and
internal auditor.
The value chain is a managerial accounting tool that primarily assists in the valuation of assets.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-07 Understand
and explain the value chain concept.
15.
Award: 1.00 point
16.
Award: 1.00 point
All companies define the value chain in the same way.
True
False
References
Award: 1.00 point
2.
Award: 1.00 point
Two things that all organizations have in common are a set of goals and information needed by
managers.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define
managerial accounting and describe its
role in the management process.
The role of managerial accounting in organizations is the same as it has been over many years.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-01 Define
managerial accounting and describe its
role in the management process.
3.
Award: 1.00 point
4.
Award: 1.00 point
Controlling involves the coordination of daily business functions within an organization.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Explain four
fundamental management processes that
help organizations attain their goals.
Decision making requires managers to choose among the available alternatives.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-02 Explain four
fundamental management processes that
help organizations attain their goals.
5.
Award: 1.00 point
6.
Award: 1.00 point
The balanced scorecard is an important managerial accounting tool for short-run competitiveness.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
In most situations, managerial accounting reports solve decision problems.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
7.
Award: 1.00 point
8.
Award: 1.00 point
Middle-level managers would likely be considered internal users of accounting information rather
than external users.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
Measuring the performance of managers and subunits is not an objective of managerial accounting.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
9.
Award: 1.00 point
10.
Award: 1.00 point
The nature of managerial accounting reports is to focus on the enterprise in its entirety.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
Line positions are indirectly involved in operational activities.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-05 Describe the
accounting and finance structure in an
organization.
11.
Award: 1.00 point
12.
Award: 1.00 point
The position of chief financial officer (CFO) is typically a staff position.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-05 Describe the
accounting and finance structure in an
organization.
A controller is normally involved with preparing financial statements.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-06 Describe the
roles of an organization's chief financial
officer (CFO) or controller, treasurer, and
internal auditor.
13.
Award: 1.00 point
14.
Award: 1.00 point
The treasurer typically is responsible for raising capital and safeguarding the organization’s assets.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-06 Describe the
roles of an organization's chief financial
officer (CFO) or controller, treasurer, and
internal auditor.
The value chain is a managerial accounting tool that primarily assists in the valuation of assets.
True
False
References
True / False Difficulty: 1 Easy Learning Objective: 01-07 Understand
and explain the value chain concept.
15.
Award: 1.00 point
16.
Award: 1.00 point
All companies define the value chain in the same way.
True
False
References