NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QKR
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMR-8F1S-GPBT-GYAU-YPJ3-
GHSU-NQDD-8YSS-ECMD-GOSS-KQMN-GASU-RAJA-G7OU-NPJA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
48. Cost management information systems provide information:
a. for preparing the planning and controlling measures of an organization.
b. to prepare statements of cash flows and balance sheets for external users.
c. that can be used for regulatory measures.
d. for stewardship evaluation.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 26
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 1/22/2017 11:22 PM
QUESTION ID: JFND-GO33-GINU-1QKD
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJS-CRAS-NATW-C31U-YP3U-
CWSU-1QJS-8YSS-R3UF-GOSU-RC5G-GESU-KPMD-8YHG-KQDR-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
49. Which of the following is NOT provided by cost accountants?
a. cost information in accordance with GAAP
b. cost information about processes and activities
c. financial information for external users
d. cost information about products, customers, and services
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJU
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJZ-CW4D-GA3A-GH4G-GP3A-
COSU-Q3BW-8YSU-G3DD-GOSS-KQJS-GYSU-YCUF-GAAU-YC5R-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
50. The primary objective of the cost management information system is to provide
a. stockholders and potential investors with useful information for decision making.
b. banks and other creditors with information useful in making credit decisions.
c. management with information useful for planning and control of operations.
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 27
d. the Internal Revenue Service with information about taxable income.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJ1
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMR-GE5S-EP3A-GE4D-QCDG-
8YSU-CQBS-8YSS-NP3W-GOSU-GPJZ-GWSS-ECTO-GH4U-OCDG-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
51. The cost management information system is concerned with
a. reporting financial information according to GAAP.
b. providing cost information that is used in planning, control, and decision-making.
c. reporting to external users.
d. providing financial information to investors.
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01