Test Bank for Management Accounting, 6th Canadian Edition by Anthony A. Atkinson | 9780131732810 | (Full test bank, 100% Verified Answers)| Rationales

,Management KAccounting, KCdn. K6e K(Horngren/Sundem/Stratton/Beaulieu)
KChapter K 1 K K Management K Accounting K and K Management

K Decisions




1) Both Kinternal Kmanagers Kand Kexternal Kparties Kuse Kaccounting
Kinformation. KAnswer: K TRUE

Diff: K2 Type: KTF Page KRef:
K16 KObjective: K 8



2) Internal Kaccounting Kreports Kmust Kfollow Kgenerally Kaccepted Kaccounting Kprinciples Kand
Kaccount Kfor Kassets Kat Khistorical Kcost.

Answer: K FALSE
Diff: K2 Type: KTF Page KRef:
K16 KObjective: K 8



3) Organizations Kthat Kdo Knot Kmake Kor Ksell Ktangible Kgoods Kare Kcalled Kservice
Korganizations. KAnswer: K TRUE

Diff: K1 Type: KTF Page KRef:
K7 KObjective: K 3



4) The Kcost-benefit Kbalance Kis Kthe Kprimary Kconsideration Kin Kchoosing Kamong Kaccounting
Ksystems Kand Kmethods.

Answer: K TRUE
Diff: K1 Type: KTF Page KRef:
K2 KObjective: K 3



5) Planning Krefers Kto Ksetting Kobjectives, Kimplementing Kplans, Kand Kevaluating
Kobjectives. KAnswer: K FALSE

Diff: K1 Type: KTF Page KRef:
K3 KObjective: K 2



6) A Kbudget Kis Ka Kquantitative Kexpression Kof Ka Kplan Kof
Kaction. KAnswer: K TRUE

Diff: K1 Type: KTF Page KRef:
K2 KObjective: K 3



7) Management Kby Kexception Kinvolves Ka Kdetailed Kanalysis Kof Kall Kdeviations Kfrom Kplanned
Kperformance Kregardless Kof Kthe Kamount.

Answer: K FALSE
Diff: K1 Type: KTF Page KRef:
K2 KObjective: K 3



8) Sales Kgrowth Koccurs Kin Kthe Kmature Kmarket Kstage Kof Kproduct
Klife Kcycle. KAnswer: K FALSE

Diff: K1 Type: KTF Page KRef:
K9 KObjective: K 4




1
© K2012 KPearson KCanada
Inc.

,9) Line Kauthority Kis Kauthority Kexerted Kdownward Kover
Ksubordinates. KAnswer: K TRUE

Diff: K1 Type: KTF Page KRef:
K12 KObjective: K 5



10) Line Kdepartments Ksupport Kor Kservice Kstaff
Kdepartments. KAnswer: K FALSE

Diff: K1 Type: KTF Page KRef:
K12 KObjective: K 5



11) According Kto Kthe KFinancial KExecutives KInstitute, Kthe Kcontroller's Kfunction Kis Kto Kobtain Kboth
Kshort-term Kand Klong-term Kloans.

Answer: K FALSE
Diff: K1 Type: KTF Page KRef: K14

12) The KCMA Kprogram Kfocuses Kon Kmanagement Kaccounting Kand Kits Krole Kin KCanadian
Kbusiness. KAnswer: K TRUE

Diff: K1 Type: KTF Page KRef:
K16 KObjective: K 8



13) The Kfactors Kcausing Kchanges Kin Kmanagement Kaccounting Ktoday Kinclude Kincreased Kglobal
Kcompetition, Ktechnological Kadvances Kand Kincreased Kproduction Kby KCanadian Kcompanies.

Answer: K FALSE
Diff: K1 Type: KTF Page KRef:
K16 KObjective: K 8



14) The Kessence Kof Kthe Kjust-in-time Kphilosophy Kis Kto Keliminate
Kwaste. KAnswer: K TRUE

Diff: K1 Type: KTF Page KRef:
K16 KObjective: K 8



15) The KSociety Kof KManagement KAccountants Kof KCanada K(SMAC) Khas Kdeveloped Kstandards Kof
Kethical Kconduct Kfor Kmanagement Kaccountants, Kwhich Kinclude Kstandards Kof Kcompetence,

Kconfidentiality, Kintegrity Kand Kobjectivity.

Answer: K TRUE
Diff: K1 Type: KTF Page KRef:
K20 KObjective: K 9



16) A Ksurvey Kof Kmanagers Kselected Kwhich Kof Kthe Kfollowing Kbusiness Kareas Kas Kthe Kmost
Kcommon Kstarting- Kpoint Kfor Kfuture Kmanagers?

A) Accounting.
B) Finance.
C) Legal Kenvironment Kof Kbusiness.
D) Computers Kin
Kbusiness. KAnswer: K A

Diff: K1 Type: KMC Page KRef:
K2 KObjective: K 1



17) Management Kaccounting Krefers Kto Kaccounting Kinformation Kdeveloped Kfor
A) shareholders.
B) governmental K authorities.
C) managers Kwithin Kan Korganization.
D) loan
Kofficers.

KAnswer: K C

2
© K2012 KPearson KCanada
Inc.

, Diff: K1 Type: KMC Page KRef: K16




3
© K2012 KPearson KCanada
Inc.