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Chapter 1 Introduction to Managerial Accounting




Question;78) The COO is responsible for managing;which of the following aspect(s) of the company?;A) The annual audit;B) Internal controls;C) Research and development, production;and distribution;D) Financial accounting, managerial;accounting, and tax accounting;79) Which of the following positions;report to the audit committee of the Board of Directors?;A) The CFO and internal audit department;B) The internal audit department and the;independent CPA firm;C) The CFO and the independent CPA firm;D) The treasurer and controller;80) Which of the following positions is;primarily responsible for raising capital and investing funds?;A) The treasurer;B) The COO;C) The CFO;D) The CEO;81) What factor has changed the way that;we now view managerial accountants?;A) Stricter GAAP standards;B) Technology;C) Stricter audit standards;D) None of the above;82) Which of the following tasks are;performed by management accountants?;A) Help design information systems;B) Provide decision support;C) Ensure financial records are correct;D) All of the above;83) Managerial accountants may be;responsible for;A) providing decision support.;B) communicating results.;C) analyzing data.;D) all of the above.;84) Managerial accountants are required to;possess which of the following skills?;A) Analytical skills;B) Oral and written communication skills;C) The ability to work on a team;D) All of the above;85) The ________ is a subgroup of the;Board of Directors.;A) managerial committee;B) stockholders' committee;C) audit committee;D) financial committee


Paper#55016 | Written in 18-Jul-2015

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