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1、Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business EnvironmentYou can buy the complete file from /testbankexpress4Chapter 01The Changing Role of Managerial Accounting in a Dynamic Business Environment ? True / False Questions ?1.?Controlling involves the coordination of dail
2、y business functions within an organization.?True?False?2.?Measuring the performance of managers and subunits is not an objective of managerial accounting.?True?False?3.?Middle-level managers would likely be considered internal users of accounting information rather than external users.?True?False?4
3、.?A controller is normally involved with preparing financial statements.?True?False?5.?The upper limit on the production of goods and services if everything works perfectly is known as practical capacity.?True?False? Multiple Choice Questions ?6.?Which of the following statements about managerial ac
4、countants is false?A.?Managerial accountants more and more are considered ;business partners.;B.?Managerial accountants often are part of cross-functional teams.C.?An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments.D.?In a numbe
5、r of companies, managerial accountants make significant business decisions and resolve operating problems.E.?The role of managerial accountants has changed considerably over the past decade.?7.?The day-to-day work of management teams will typically comprise all of the following activities except:?A.
6、?decision making.B.?planning.C.?cost minimizing.D.?directing operational activities.E.?controlling.?8.?Which of the following functions is best described as choosing among available alternatives?A.?Decision making.B.?Planning.C.?Directing operational activities.D.?Controlling.E.?Budgeting.?9.?Which
7、of the following managerial functions involves a detailed financial and operational description of anticipated operations?A.?Decision making.B.?Planning.C.?Directing operational activities.D.?Controlling.E.?Measuring.?10.?Which of the following involves the coordination of daily business functions w
8、ithin an organization?A.?Decision making.B.?Planning.C.?Directing operational activities.D.?Controlling.E.?Motivating.?11.?Taurus Company has set various goals, and management is now taking appropriate action to ensure that the firm achieves these goals. One such action is to reduce outlays for over
9、head, which have exceeded budgeted amounts. Which of the following functions best describes this process?A.?Decision making.B.?Planning.C.?Coordinating.D.?Controlling.E.?Organizing.?12.?Which of the following is not an objective of managerial accounting?A.?Providing information for decision making a
10、nd planning.B.?Assisting in directing and controlling operations.C.?Maximizing profits and minimizing costs.D.?Measuring the performance of managers and subunits.E.?Motivating managers toward the organization's goals.?13.?The role of managerial accounting information in assisting management is
11、a(n):?A.?financial-directing role.B.?attention-directing role.C.?planning and controlling role.D.?organizational role.E.?problem-solving role.?14.?Employee empowerment involves encouraging and authorizing workers to take initiatives to:?A.?improve operations.B.?reduce costs.C.?improve product qualit
12、y.D.?improve customer service.E.?All of these.?15.?The process of encouraging and authorizing workers to take appropriate initiatives to improve the overall firm is commonly known as:?A.?planning and control.B.?employee empowerment.C.?personnel aggressiveness.D.?decision making.E.?problem recognitio
13、n and solution.?16.?Which of the following business models considers financial, customer, internal operating, and other measures in the evaluation of performance?A.?Deterministic simulation.B.?Balanced scorecard.C.?Payoff matrix.D.?Decision tree.E.?Chart of operating performance (COP).?17.?Which of
14、the following perspectives is normally absent in a balanced scorecard?A.?Financial.B.?Customer.C.?Internal operations.D.?Learning and innovation/growth.E.?None of these.?18.?Managerial accounting:?A.?focuses only on historical data.B.?is governed by GAAP.C.?focuses primarily on the needs of personne
15、l within the organization.D.?provides information for parties external to the organization.E.?focuses on financial statements and other financial reports.?19.?Managerial accounting:?A.?is unregulated.B.?produces information that is useful only for manufacturing organizations.C.?is based exclusively
16、on historical data.D.?is regulated by the Securities and Exchange Commission (SEC).E.?generally focuses on reporting information about the enterprise in its entirety rather than by subunits.?20.?All of the following entities would have a need for managerial accounting information except:?A.?the state of Michigan.B.?Google.C.?Abercrombie & Fitch.D.?H&R Block.E.?None
