How is accounting information prepared by management accountantsused within an organization?
A) to help operating managers make decisions
B) to plan an organization's operations
C) to control an organization's operations
D) all of the above
Answer:
Companies produce most ________ and ________ information on aroutine basis such as every day, every month or every quarter.
A) scorekeeping; problem-solving
B) scorekeeping; attention directing
C) problem-solving; attention directing
D) interim reports; problem-solving
Answer:
Planning refers to ________.
A) the implementation of organizational plans
B) the use of performance reports to evaluate the attainment oforganizational objectives
C) setting organizational objectives and establishing the pathto attain them
D) an analysis of alternative courses of action
Answer:
The Foreign Corrupt Practices Act requires ________.
A) companies to cease conducting business with companies in someforeign countries
B) companies to reject bribes from companies in foreigncountries
C) companies to have an appropriate system of internalcontrols
D) companies to prepare a separate report on their accountinginformation system
Answer:
Management-by-exception means that managers should ________.
A) concentrate on areas that deviate from the plan
B) in the absence of other evidence, presume that areas thatconform with plans are running smoothly
C) A and B
D) none of the above
How is accounting information prepared by management accountantsused within an organization?
A) to help operating managers make decisions
B) to plan an organization's operations
C) to control an organization's operations
D) all of the above
Answer:
Companies produce most ________ and ________ information on aroutine basis such as every day, every month or every quarter.
A) scorekeeping; problem-solving
B) scorekeeping; attention directing
C) problem-solving; attention directing
D) interim reports; problem-solving
Answer:
Planning refers to ________.
A) the implementation of organizational plans
B) the use of performance reports to evaluate the attainment oforganizational objectives
C) setting organizational objectives and establishing the pathto attain them
D) an analysis of alternative courses of action
Answer:
The Foreign Corrupt Practices Act requires ________.
A) companies to cease conducting business with companies in someforeign countries
B) companies to reject bribes from companies in foreigncountries
C) companies to have an appropriate system of internalcontrols
D) companies to prepare a separate report on their accountinginformation system
Answer:
Management-by-exception means that managers should ________.
A) concentrate on areas that deviate from the plan
B) in the absence of other evidence, presume that areas thatconform with plans are running smoothly
C) A and B
D) none of the above
