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TEST BANK FOR Managerial Accounting, Creating Value in a Dynamic Business Environment, 13TH EDITION, Ronald Hilton, David Platt (CHAPTERS 1-17)$24.99
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TEST BANK FOR Managerial Accounting, Creating Value in a Dynamic Business Environment, 13TH EDITION, Ronald Hilton, David Platt (CHAPTERS 1-17)
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Course
Managerial Accounting
Institution
Managerial Accounting
TEST BANK Managerial Accounting, Creating Value in a Dynamic Business Environment, 13TH EDITION, Ronald Hilton, David Platt (CHAPTERS 1-17)
Test Bank Managerial Accounting Thirteenth Edition / The emphasis of Managerial Accounting, 13th edition.
ISBN, 9781264100699, / Ronald Hilton 13E Test Bank...
,Chapter 01: The Changing Role of Managerial Accounting in a Dynamic Business
Environment
Answer Keys are Available at the End of Every Chapter
1) Two things that all organizations have in common are a set of goals and information needed
by managers.
⊚ true
⊚ false
2) The role of managerial accounting in organizations is the same as it has been over many
years.
⊚ true
⊚ false
3) Controlling involves the coordination of daily business functions within an organization.
⊚ true
⊚ false
4) Decision making requires managers to choose among the available alternatives.
⊚ true
⊚ false
6) In most situations, managerial accounting reports solve decision problems.
⊚ true
⊚ false
7) The process of making sense of big data is known as data practice.
⊚ true
⊚ false
1
,8) Measuring the performance of managers and subunits is not an objective of managerial
accounting.
⊚ true
⊚ false
9) The nature of managerial accounting reports is to focus on the enterprise in its entirety.
⊚ true
⊚ false
10) Line positions are indirectly involved in operational activities.
⊚ true
⊚ false
11) The position of chief financial officer (CFO) is typically a staff position.
⊚ true
⊚ false
12) If a company has poor data governance practices, managers would have to worry that the
managerial accounting data they receive is not what they need for their decisions, or that it
would arrive too late or be inaccurate.
⊚ true
⊚ false
13) All companies define the value chain in the same way.
⊚ true
⊚ false
2
, 14) The value chain is a managerial accounting tool that primarily performs which of the
following:
A) assists with asset-liability management.
B) assists with creation of internal controls.
C) assists in the valuation of assets.
D) assists in compliance procedures.
E) none of the answers are correct.
15) Which of the following typically is responsible for raising capital and safeguarding the
organization’s assets.
A) Treasurer.
B) Internal Auditor.
C) Administrative Assistant.
D) Board of Directors.
E) External Auditor.
16) The upper limit on the production of goods and services if everything works perfectly is
known as:
A) eutopia capacity.
B) relevant capacity.
C) practical capacity.
D) theoretical capacity.
E) none of the answers are correct.
17) Which costs are the costs of activities that can be eliminated with no deterioration of product
quality, performance, or perceived value?
A) Temporary
B) Non-value added
C) Permanent
D) Cyclical
E) Value Added
3
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