TEST BANK for Management Accounting, 5th Edition by
Leslie G. Eldenburg, Albie Brooks
All Chapters Fully Covered 1-21| Verified Questions & 100% Accurate
Answers(*) for Exam Preparations| A+ PASS ASSURED
Fr
an
kl
yn
e
A
pl
u sP
as
s
, Chapter 1: The role of accounting information in management decision
making
True/false questions
1. A vision statement is a theoretical description of what an organisation should become.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
3. Most organisations have one stakeholder.
a. True
*b. False
Correct answer: b
Fr
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
an
4. Organisational core competencies unrelated to the organisational vision.
kl
a. True
yn
*b. False
Correct answer: b
e
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
A
pl
u sP
as
1.2
s
,5. Organisational strategies are the tactics that managers use to take advantage of core
competencies while working towards the organisational vision.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
6. Most organisations have databases that contain information collected formally or
informally from internal sources only.
a. True
*b. False
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
7. Desirable employee behaviour can be motivated by tying employee performance
evaluation and pay to long-term or short-term results.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
Fr
8. Organisational information systems only collect accounting information.
an
a. True
*b. False
kl
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
yn
management decision making
e
A
pl
u sP
as
1.3
s
, 9. Cost accounting information is used for both management accounting and financial
accounting activities.
*a. True
b. False
Correct answer: a
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
10. Management accounting is the process of gathering, summarising and reporting
financial and non-financial information used internally to make decisions.
*a. True
b. False
Correct answer: a
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
11. Intellectual capital is a type of financial resource that is captured by the organisation’s
information system.
a. True
*b. False
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
Fr
an
12. It is easy to differentiate between internal and external reports.
a. True
kl
*b. False
yn
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
e
management decision making
A
pl
u sP
as
1.4
s
Leslie G. Eldenburg, Albie Brooks
All Chapters Fully Covered 1-21| Verified Questions & 100% Accurate
Answers(*) for Exam Preparations| A+ PASS ASSURED
Fr
an
kl
yn
e
A
pl
u sP
as
s
, Chapter 1: The role of accounting information in management decision
making
True/false questions
1. A vision statement is a theoretical description of what an organisation should become.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
3. Most organisations have one stakeholder.
a. True
*b. False
Correct answer: b
Fr
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
an
4. Organisational core competencies unrelated to the organisational vision.
kl
a. True
yn
*b. False
Correct answer: b
e
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
A
pl
u sP
as
1.2
s
,5. Organisational strategies are the tactics that managers use to take advantage of core
competencies while working towards the organisational vision.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
6. Most organisations have databases that contain information collected formally or
informally from internal sources only.
a. True
*b. False
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
7. Desirable employee behaviour can be motivated by tying employee performance
evaluation and pay to long-term or short-term results.
*a. True
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
Fr
8. Organisational information systems only collect accounting information.
an
a. True
*b. False
kl
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
yn
management decision making
e
A
pl
u sP
as
1.3
s
, 9. Cost accounting information is used for both management accounting and financial
accounting activities.
*a. True
b. False
Correct answer: a
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
10. Management accounting is the process of gathering, summarising and reporting
financial and non-financial information used internally to make decisions.
*a. True
b. False
Correct answer: a
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
11. Intellectual capital is a type of financial resource that is captured by the organisation’s
information system.
a. True
*b. False
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
management decision making
Fr
an
12. It is easy to differentiate between internal and external reports.
a. True
kl
*b. False
yn
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information in
e
management decision making
A
pl
u sP
as
1.4
s
