1.
Award: 10.00 points
2.
Award: 10.00 points
Day-to-day decision making is most common to which of the following activities managers are expected
to carry on in organizations?
Strategy formulation.
Directing and motivating.
Planning.
Budgeting.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-01 Describe the
functions performed by managers.
Identifying alternatives and selecting the best among them is part of which of the following activities
managers carry out in organizations?
Controlling.
Directing.
Decision making.
Motivating.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-01 Describe the
functions performed by managers.
3.
Award: 10.00 points
4.
Award: 10.00 points
Budgeting is part of which of the following activities managers perform in organizations?
Controlling.
Directing.
Planning.
Motivating.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-01 Describe the
functions performed by managers.
Obtaining feedback is generally identified most directly with which of these functions of management?
Planning.
Directing and motivating.
Controlling.
Decision making.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-01 Describe the
functions performed by managers.
5.
Award: 10.00 points
6.
Award: 10.00 points
Unstructured forms of big data include all of the following except:
videos.
memos.
pictures.
audios.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-01 Describe the
functions performed by managers.
Five V's of big data include all of the following except:
variety.
value.
volume.
variable.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-01 Describe the
functions performed by managers.
7.
Award: 10.00 points
8.
Award: 10.00 points
Which is the most common risk management tactic?
Accept the risk.
Avoid the risk.
Reduce the risk.
Share the risk.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-03 Explain the basic
concept of enterprise risk management.
Which of the following best describes the function of managerial accounting within an organization?
It has its primary emphasis on the future.
It is required by regulatory bodies such as the Ontario Securities Commission.
It focuses on the organization as a whole, rather than on the organization's segments.
It places more emphasis on precision of data than financial accounting does.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-02 Identify the
major differences and similarities between
financial and managerial accounting.
9.
Award: 10.00 points
10.
Award: 10.00 points
Upon which of the following does managerial accounting place considerable weight?
Generally accepted accounting principles.
The financial history of the entity.
Ensuring that all transactions are properly recorded.
Detailed segment reports about departments, products, and customers.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-02 Identify the
major differences and similarities between
financial and managerial accounting.
For internal uses, managers are more concerned with receiving information that achieves which of the
following standards?
Completely objective and verifiable.
Completely accurate and precise.
Relevant, flexible, and timely.
Relevant, completely accurate, and precise.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-02 Identify the
major differences and similarities between
financial and managerial accounting.
11.
Award: 10.00 points
12.
Award: 10.00 points
Which of the following would be an example of a performance report?
An income statement reporting actual results for the past month.
An income statement showing the amounts budgeted for the past month.
A balance sheet showing the actual financial position at the end of the past month.
A production report showing budgeted and actual production for the past month.
References
Multiple Choice Difficulty: Hard Learning Objective: 01-01 Describe the