Management Accounting
By Leslie G. Eldenburg, Albie Brooks
5th Edition
, Testbank
To Accompany
Management Accounting
5th Edition
By
Eldenburg Et
Al.
,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
Learning Objective 1.1 ~ Recognise The Types Of Decisions Managers Make For An
Organisation
4. Organisational Core Competencies Unrelated To The Organisational Vision.
a. True
*B. False
Correct Answer: B
Learning Objective 1.1 ~ Recognise The Types Of Decisions Managers Make For An
Organisation
1.2
, 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
8. Organisational Information Systems Only Collect Accounting Information.
a. True
*B. False
Correct Answer: B
Learning Objective 1.2 ~ Discuss The Role Of Cost And Management Accounting
Information In Management Decision Making
1.3