chapter 1 - test bank

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1、CostAccounting,14e(Horngren/Datar/Rajan)Chapter1TheAccountant'sRoleintheOrganizationObjective1.11)Managementaccounting:A)focusesonestimatingfuturerevenues,costs,andothermeasurestoforecastactivitiesandtheirresultsB)providesinformationaboutthecompanyasawholeC)reportsinformation

2、thathasoccurredinthepastthatisverifiableandreliableD)providesinformationthatisgenerallyavailableonlyonaquarterlyorannualbasisAnswer:ADiff:2Terms:treasuryObjective:1AACSB:Reflectivethinking2)Managersusemanagementaccountinginformationto________strategy.A)chooseB)communicateC)im

3、plementD)Alloftheseanswersarecorrect.Answer:DDiff:1Terms:totalqualitymanagement(TQM)Objective:1AACSB:Analyticalskills3)Financialaccounting:A)focusesonthefutureandincludesactivitiessuchaspreparingnextyear'soperatingbudgetB)mustcomplywithGAAP(generallyacceptedaccountingprincipl

4、es)C)reportsincludedetailedinformationonthevariousoperatingsegmentsofthebusinesssuchasproductlinesordepartmentsD)ispreparedfortheuseofdepartmentheadsandotheremployeesAnswer:BDiff:2Terms:financialaccountingObjective:1AACSB:Reflectivethinking48Copyright©2012PearsonEducation,Inc

5、.4)ThepersonmostlikelytouseONLYfinancialaccountinginformationisa:A)factoryshiftsupervisorB)vicepresidentofoperationsC)currentshareholderD)departmentmanagerAnswer:CDiff:1Terms:financialaccountingObjective:1AACSB:Analyticalskills5)WhichofthefollowingpeopleisLEASTlikelytousemana

6、gementaccountinginformation?A)thecontrollerB)ashareholderevaluatingastockinvestmentC)thetreasurerD)anassemblydepartmentsupervisorAnswer:BDiff:1Terms:treasuryObjective:1AACSB:Analyticalskills6)Financialaccountingprovidestheprimarysourceofinformationfor:A)decisionmakinginthefin

7、ishingdepartmentB)improvingcustomerserviceC)preparingtheincomestatementforshareholdersD)planningnextyear'soperatingbudgetAnswer:CDiff:2Terms:financialaccountingObjective:1AACSB:Reflectivethinking7)Whichofthefollowingdescriptorsreferstomanagementaccountinginformation?A)Itisver

8、ifiableandreliable.B)Itisdrivenbyrules.C)Itispreparedforshareholders