Test Bank for Managerial Accounting, 13th Canadian Edition by Ray H. Garrison
52 views 0 purchase
Course
Managerial Accounting
Institution
Managerial Accounting
Test Bank for Managerial Accounting, 13th Canadian Edition 13ce by Ray H. Garrison, Theresa Libby, Alan Webb. Full Chapters test bank are included (Chapter 1 to 14).
Section 1: Overview and Foundation
Chapter 1: Managerial Accounting and the Business Environment
Chapter 2: Cost Terms, Concepts...
Chap 01 13ce Garrison
1) Day-to-day decision making is most common to which of the following activities managers
are expected to carry on in organizations?
A) Strategy formulation.
B) Directing and motivating.
C) Planning.
D) Budgeting.
2) Identifying alternatives and selecting the best among them is part of which of the following
activities managers carry out in organizations?
A) Controlling.
B) Directing.
C) Decision making.
D) Motivating.
3) Budgeting is part of which of the following activities managers perform in organizations?
A) Controlling.
B) Directing.
C) Planning.
D) Motivating.
4) Obtaining feedback is generally identified most directly with which of these functions of
management?
A) Planning.
B) Directing and motivating.
C) Controlling.
D) Decision making.
5) Unstructured forms of big data include all of the following EXCEPT:
A) Videos.
B) Memos.
C) Pictures.
D) Audios.
1
, 6) Five V's of big data include all of the following EXCEPT:
A) Variety.
B) Value.
C) Volume.
D) Variable.
7) Which is the MOST common risk management tactic?
A) Accept the risk.
B) Avoid the risk.
C) Reduce the risk.
D) Share the risk.
8) Which of the following BEST describes the function of managerial accounting within an
organization?
A) It has its primary emphasis on the future.
B) It is required by regulatory bodies such as the Ontario Securities Commission.
C) It focuses on the organization as a whole, rather than on the organization's segments.
D) It places more emphasis on precision of data than financial accounting does.
9) Upon which of the following does managerial accounting place considerable weight?
A) Generally accepted accounting principles.
B) The financial history of the entity.
C) Ensuring that all transactions are properly recorded.
D) Detailed segment reports about departments, products, and customers.
10) For internal uses, managers are more concerned with receiving information that achieves
which of the following standards?
A) Completely objective and verifiable.
B) Completely accurate and precise.
C) Relevant, flexible, and timely.
D) Relevant, completely accurate, and precise.
2
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutor247. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $29.49. You're not tied to anything after your purchase.
