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