Managerial Accounting: Creating Value in a Dynamic Business Environment 12th Edition by Ronald Hilto
In pursuing its goals, an organization does all of the following except:
Acquire resources.
Hire personnel.
Engage in an organized set of activities.
Focus on reducing the budget.
Engage in management team activities to make the best use of resources and people.
A focus on reducing the budget is typically not part of pursuing organizational goals.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-02 Explain four
fundamental management processes that
help organizations attain their goals.
35.
Award: 1.00 point
36.
Award: 1.00 point
Which of the following business models considers financial, customer, internal operating, and other
measures in the evaluation of performance?
Deterministic simulation.
Balanced scorecard.
Payoff matrix.
Decision tree.
Chart of operating performance (COP).
A balanced scorecard is a business model that considers multiple measures for performance.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
Which of the following perspectives is normally absent in a balanced scorecard?
Financial.
Customer.
Internal operations.
Learning and innovation/growth.
None of these choices are correct.
All of these perspectives are included in the balanced scorecard.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
37.
Award: 1.00 point
Managerial accounting activity comprises a set of tools, systems and perspectives that add value to
an organization by supporting five major objectives. Which one of these is not a supporting
objective?
Provide information for decision making and planning.
Assist managers in directing and controlling operational activities.
Motivate managers and other employees toward the organization’s goals.
Assess an organization’s competitive position and long-term managerial efforts .
Focus on activities that occur at the top level of the organization.
A focus on activities that occur at the top organizational level is not a supporting objective.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
38.
Award: 1.00 point
39.
Award: 1.00 point
Because managerial accounting reports rarely solve decision problems, what function does a
managerial accountant use to assist managers in understanding issues contained within the
information produced?
Internal business solution function.
Learning and growth function.
Theoretical capacity function.
Customer function.
Attention directing function.
Attention directing is a function used to assist managers.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-03 List and
describe five objectives of managerial
accounting activity.
Which of the following is not an objective of managerial accounting?
Providing information for decision making and planning.
Assisting in directing and controlling operations.
Maximizing profits and minimizing costs.
Measuring the performance of managers and subunits.
Motivating managers toward the organization's goals.
Maximizing profits and minimizing costs is not an objective of managerial accounting.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
40.
Award: 1.00 point
41.
Award: 1.00 point
The role of managerial accounting information in assisting management is a(n):
financial-directing role.
attention-directing role.
planning and controlling role.
organizational role.
problem-solving role.
The role of managerial accounting information in assisting management is an attention-directing
role.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-04 Explain the
major differences between managerial
and financial accounting.
Employee empowerment involves encouraging and authorizing workers to take initiatives to:
improve operations.
reduce costs.
improve product quality.
improve customer service.
all of the answers are correct.