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Chapter 1 Introduction to Managerial Accounting




Question;9) ________ gathers, summarizes, and;reports on the financial impact of changes to business operations.;A) Managerial accounting;B) Planning;C) Directing;D) Controlling;10) Creating budgets are part of which;primary management responsibility?;A) Controlling;B) Planning;C) Managerial accounting;D) Directing;11) Which of the following is not;one of the primary responsibilities of management?;A) Adhering to GAAP;B) Planning;C) Directing;D) Controlling;12) Planning involves which of the;following activities?;A) Evaluating the results of operations;B) Overseeing the company's day-to-day operations;C) Setting goals and objectives for the;company;D) None of the above;13) Which of the following is being;fulfilled when management compares the budget to actual results?;A) Directing;B) Planning;C) Adjusting;D) Controlling;14) When management uses feedback to take;corrective action on the budgets, which of the following management;responsibilities are being fulfilled?;A) Controlling;B) Adjusting;C) Directing;D) Planning;15) When management analyzes whether to;move production to another country or to keep the production located where it;currently is, which of the following management responsibilities is being;performed?;A) Adjusting;B) Controlling;C) Planning;D) Directing;16) Which one of the following items is not;one of the three primary manager responsibilities?;A) Controlling;B) Planning;C) Feedback;D) Adjusting


Paper#55006 | Written in 18-Jul-2015

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