cn
,TesT Bank For cn cn
Managerial Accounting The Cornerstone of Business Decision Making 9th Edition by Maryanne M.
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Mowen, Don R. Hansen, Dan L. Heitger Copyright 2026
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Chapter 1-14 cn
Ch01 - Introduction to Managerial Accounting
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True / False
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1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
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decision making. cn
a. Truecn
b. False
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ANSWER: False
RATIONALE: The managerial activity of monitoring a plan's implementation and taking corrective action as
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needed is referred to as controlling. cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:cn United States - AK - ACBSP: APC-26 - Management Functions cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Decision Modeling cn cn cn cn cn cn cn
United States - AK - IMA: Decision Analysis cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
2. The process of choosing among competing alternatives is called decision making.
cn cn cn cn cn cn cn cn cn cn cn
a. Truecn
b. False
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ANSWER: True
RATIONALE: The process of choosing among competing alternatives is called decision making.cn cn cn cn cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:cn United States - AK - ACBSP: APC-26 - Management Functions cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Decision Modeling cn cn cn cn cn cn cn
United States - AK - IMA: Decision Analysis cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
3. Managerial accounting information is not important for not-for-profit organizations.
cn cn cn cn cn cn cn cn cn
a. Truecn
b. False
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ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations. cn cn cn cn cn cn cn cn cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 1 cn
,cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False
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LEARNING OBJECTIVES: cn c n MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting. cn cn cn cn cn cn cn
NATIONAL STANDARDS: cn c n United States - BUSPROG: Analytic
cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting
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United States - AK - IMA: Cost Management
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KEYWORDS: Bloom's: Understand cn
4. Management accounting information is used only by manufacturing organizations.
cn cn cn cn cn cn cn cn cn
a. True
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b. False
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ANSWER: False
RATIONALE: Management accounting information is used by all manufacturing, merchandising, and
cn cn cn cn cn cn cn cn cn
service organizations. cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
5. Managerial accounting is designed primarily for internal users.
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a. True
cn
b. False
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ANSWER: True
RATIONALE: Managerial accounting is the provision of accounting information for a company’s internal
cn cn cn cn cn cn cn cn cn cn cn
users.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
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United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
6. Managerial accounting emphasizes the future.
cn cn cn cn cn
a. True
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b. False
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ANSWER: True
RATIONALE: Although managerial accounting records and reports events that have already occurred, it
cn cn cn cn cn cn cn cn cn cn cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 2
cn
,cn
strongly emphasizes providing information about future events. cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
7. GAAP governs financial accounting.
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a. True
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b. False
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ANSWER: True
RATIONALE: Financial accounting is subject to externally imposed rules (e.g., GAAP and SEC cn cn cn cn cn cn cn cn cn cn cn
regulations).
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-02-GAAP cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Reporting cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
8. The value chain is the set of activities required to design, develop, produce, market, and deliver products and services to
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customers.
a. True
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b. False
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ANSWER: True
RATIONALE: The value chain is the set of activities required to design, develop, produce, market, and
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deliver products and services, as well as provide support services to customers.
cn cn cn cn cn cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-03 - Explain the current focus of managerial accounting.
cn c n cn cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: BB-Resource Management cn cn cn cn cn cn cn
United States - AK - IMA: Strategic Planning cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
9. Time is not a crucial element in all phases of the value chain.
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a. True
cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 3 cn
,TesT Bank For cn cn
Managerial Accounting The Cornerstone of Business Decision Making 9th Edition by Maryanne M.
cn cn cn cn cn cn cn cn cn cn cn cn
Mowen, Don R. Hansen, Dan L. Heitger Copyright 2026
cn cn cn cn cn cn cn cn
Chapter 1-14 cn
Ch01 - Introduction to Managerial Accounting
cn cn cn cn cn
True / False
cn cn
1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn
decision making. cn
a. Truecn
b. False
cn
ANSWER: False
RATIONALE: The managerial activity of monitoring a plan's implementation and taking corrective action as
cn cn cn cn cn cn cn cn cn cn cn cn
needed is referred to as controlling. cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:cn United States - AK - ACBSP: APC-26 - Management Functions cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Decision Modeling cn cn cn cn cn cn cn
United States - AK - IMA: Decision Analysis cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
2. The process of choosing among competing alternatives is called decision making.
cn cn cn cn cn cn cn cn cn cn cn
a. Truecn
b. False
cn
ANSWER: True
RATIONALE: The process of choosing among competing alternatives is called decision making.cn cn cn cn cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:cn United States - AK - ACBSP: APC-26 - Management Functions cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Decision Modeling cn cn cn cn cn cn cn
United States - AK - IMA: Decision Analysis cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
3. Managerial accounting information is not important for not-for-profit organizations.
cn cn cn cn cn cn cn cn cn
a. Truecn
b. False
cn
ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations. cn cn cn cn cn cn cn cn cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 1 cn
,cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False
cn cn
LEARNING OBJECTIVES: cn c n MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting. cn cn cn cn cn cn cn
NATIONAL STANDARDS: cn c n United States - BUSPROG: Analytic
cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting
cn cn cn cn cn cn
United States - AK - IMA: Cost Management
cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
4. Management accounting information is used only by manufacturing organizations.
cn cn cn cn cn cn cn cn cn
a. True
cn
b. False
cn
ANSWER: False
RATIONALE: Management accounting information is used by all manufacturing, merchandising, and
cn cn cn cn cn cn cn cn cn
service organizations. cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
5. Managerial accounting is designed primarily for internal users.
cn cn cn cn cn cn cn cn
a. True
cn
b. False
cn
ANSWER: True
RATIONALE: Managerial accounting is the provision of accounting information for a company’s internal
cn cn cn cn cn cn cn cn cn cn cn
users.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: cn True / False cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
cn c n cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
6. Managerial accounting emphasizes the future.
cn cn cn cn cn
a. True
cn
b. False
cn
ANSWER: True
RATIONALE: Although managerial accounting records and reports events that have already occurred, it
cn cn cn cn cn cn cn cn cn cn cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 2
cn
,cn
strongly emphasizes providing information about future events. cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
cn c n cn cn cn cn cn cn cn cn
financial accounting. cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Cost Management cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Understand cn
7. GAAP governs financial accounting.
cn cn cn cn
a. True
cn
b. False
cn
ANSWER: True
RATIONALE: Financial accounting is subject to externally imposed rules (e.g., GAAP and SEC cn cn cn cn cn cn cn cn cn cn cn
regulations).
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
cn c n cn cn cn cn cn cn cn cn
financial accounting. cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-02-GAAP cn cn cn cn cn cn
United States - AK - AICPA: FN-Reporting cn cn cn cn cn cn
United States - AK - IMA: Reporting cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
8. The value chain is the set of activities required to design, develop, produce, market, and deliver products and services to
cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn cn
customers.
a. True
cn
b. False
cn
ANSWER: True
RATIONALE: The value chain is the set of activities required to design, develop, produce, market, and
cn cn cn cn cn cn cn cn cn cn cn cn cn cn
deliver products and services, as well as provide support services to customers.
cn cn cn cn cn cn cn cn cn cn cn
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
cn cn cn
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-03 - Explain the current focus of managerial accounting.
cn c n cn cn cn cn cn cn cn cn
NATIONAL STANDARDS: United States - BUSPROG: Analytic
cn c n cn cn cn cn
STATE STANDARDS:
cn United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology cn cn cn cn cn cn cn cn cn
United States - AK - AICPA: BB-Resource Management cn cn cn cn cn cn cn
United States - AK - IMA: Strategic Planning cn cn cn cn cn cn cn
KEYWORDS: Bloom's: Remember cn
9. Time is not a crucial element in all phases of the value chain.
cn cn cn cn cn cn cn cn cn cn cn cn cn
a. True
cn
Copyright Cengage Learning. Powered by Cognero.
cn cn cn cn cn Page 3 cn
