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Chapter 1 Introduction to Managerial Accounting




Question;145) Company initiatives to address;sustainability and corporate responsibility not only "do the right;thing," but also can lead to economic profits by increasing demand for the;company's products and services.;146) A wave of accounting scandals around;the turn of the 21st century prompted which of the following?;A) XBRL;B) IFRS;C) SOX;D) ISO;147) Increased competition with foreign;companies and the rise of the global marketplace is mainly due to which of the;following?;A) Globalization;B) The Sarbanes-Oxley Act of 2002;C) Decreased barriers to international;trade;D) International financial reporting;standards;148) Which type of system integrates ALL;of the company's departments, functions, and data?;A) TQM System;B) ERP System;C) ISO System;D) QuickBooks;149) According to the Sarbanes-Oxley Act;who is responsible for establishing and maintaining internal controls over;financial reporting?;A) The CEO and CFO;B) The internal auditors;C) The external auditors;D) The SEC;150) The Sarbanes-Oxley Act requires the;CPA firm to rotate the audit partner off of the audit engagement every;year(s).;A) three;B) four;C) five;D) one;151) Which of the following is not;an advantage of an ERP system?;A) Streamlining operations;B) Allowing faster response to changes;C) Eliminating separate software systems;across the company;D) Lower initial cost than traditional;systems;152) The ability to meet the needs of the;present without compromising the needs of the future is often referred to as;A) the bottom line.;B) total quality management.;C) sustainability.;D) just-in-time.


Paper#54926 | Written in 18-Jul-2015

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