Name: Class: Date:
TEST BANK FOR
Cost Management 6th Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Indicate whether the statement is true or false.
1. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
a. True
b. False
2. Business ethics is learning what is right or wrong in the work environment and choosing what is right.
a. True
b. False
3. Three of the major certifications available to management accountants are a Certificate in Management Accounting, a
Certificate in Public Accounting, and a Certificate in Internal Auditing.
a. True
b. False
4. Positions that have direct responsibility for basic objectives are referred to as staff positions, and those indirectly
responsible are called line positions.
a. True
wis
b. False
5. Evaluating the performance of a segment of the company is an example of planning.
a. True
b. False
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
b. False
epr
7. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
9. The role of cost and management accountants is one of support and teamwork and assistance of those who are
of
responsible for achieving a company's basic objectives.
a. True
Page 1
wiseprof
TEST BANK FOR
Cost Management 6th Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Indicate whether the statement is true or false.
1. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
a. True
b. False
2. Business ethics is learning what is right or wrong in the work environment and choosing what is right.
a. True
b. False
3. Three of the major certifications available to management accountants are a Certificate in Management Accounting, a
Certificate in Public Accounting, and a Certificate in Internal Auditing.
a. True
b. False
4. Positions that have direct responsibility for basic objectives are referred to as staff positions, and those indirectly
responsible are called line positions.
a. True
wis
b. False
5. Evaluating the performance of a segment of the company is an example of planning.
a. True
b. False
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
b. False
epr
7. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
9. The role of cost and management accountants is one of support and teamwork and assistance of those who are
of
responsible for achieving a company's basic objectives.
a. True
Page 1
wiseprof