Test Bank Managerial Accounting: Creating Value In A Dynamic Business Environment, 13Th Edition, By Ronald W Hilton, David Platt

TEST BANK
MANAGERIAL ACCOUNTING:
CREATING VALUE IN A DYNAMIC
BUSINESS ENVIRONMENT, 13TH
EDITION, BY RONALD W HILTON,
DAVID PLATT



TEST BANK

,Test VBank Vfor VManagerial VAccounting: VCreating VValue Vin Va VDynamic VBusiness
VEnvironment, V13th VEdition, Vby VRonald VW VHilton, VDavid VPlatt




Table Vof VContents
1. VThe VChanging VRole Vof VManagerial VAccounting Vin Va VDynamic VBusiness VEnvironment
2. VBasic VCost VManagement VConcepts
3. VProduct VCosting Vand VCost VAccumulation Vin Va VBatch VProduction VEnvironment
4. VProcess VCosting Vand VHybrid VProduct-Costing VSystems
5. VActivity-Based VCosting Vand VManagement
6. VActivity VAnalysis, VCost VBehavior, Vand VCost VEstimation
7. VCost-Volume-Profit VAnalysis
8. VVariable VCosting Vand Vthe VCosts Vof VQuality Vand VSustainability
9. VFinancial VPlanning Vand VAnalysis: VThe VMaster VBudget
10. VStandard VCosting Vand VAnalysis Vof VDirect VCosts
11. VFlexible VBudgeting Vand VAnalysis Vof VOverhead VCosts
12. VResponsibility VAccounting, VOperational VPerformance VMeasures, Vand Vthe VBalanced
Scorecard
13. VInvestment VCenters Vand VTransfer VPricing
14. VDecision VMaking: VRelevant VCosts Vand VBenefits
15. VTarget VCosting Vand VCost VAnalysis Vfor VPricing VDecisions
16. VCapital VExpenditure VDecisions
17. VAllocation Vof VSupport VActivity VCosts Vand VJoint VCosts

,Chapter V1 V- VThe VChanging VRole Vof VManagerial VAccounting Vin Va VDynamic VBusiness
VEnvironment
Chapter 1 V


VThe Changing Role of Managerial Accounting in a Dynamic
V V V V V V V V


Business V


Environment
Answer Key V




True V/ VFalse VQuestions



1. Two Vthings Vthat Vall Vorganizations Vhave Vin Vcommon Vare Va Vset Vof Vgoals Vand Vinformation
Vneeded Vby Vmanagers.




TRUE



AACSB: VReflective
VThinking V AICPA: VBB
VCritical VThinking V AICPA
VFN: VDecision VMaking
V Blooms: V Remember
V Difficulty: V1 VEasy
Learning VObjective: V01-01
Feedback VTrue: VCorrect! VAll Vorganizations Vhave Va Vset Vof Vgoals Vand Vmanagers Vneed Vinformation Vto Vaccomplish Vthese
Vgoals. V Feedback VFalse: VIt Vis Vtrue Vthat Vall Vorganizations Vhave Va Vset Vof Vgoals Vand Vmanagers Vneed Vinformation Vto
Vaccomplish Vthese Vgoals.




2. The Vrole Vof Vmanagerial Vaccounting Vin Vorganizations Vis Vthe Vsame Vas Vit Vhas Vbeen Vover
Vmany Vyears.




FALSE



AACSB: VReflective
VThinking V AICPA: VBB
VCritical VThinking V AICPA
VFN: VDecision VMaking
V Blooms: V Remember
V Difficulty: V1 VEasy
Learning VObjective: V01-01
Feedback VTrue: VThe Vrole Vof Vmanagerial Vaccounting Vhas Vbeen Vchanging Vin Vrecent Vyears.
V Feedback VFalse: VCorrect! VThe Vrole Vof Vmanagerial Vaccounting Vhas Vbeen Vchanging Vin
Vrecent Vyears.




1-1

, Chapter V1 V- VThe VChanging VRole Vof VManagerial VAccounting Vin Va VDynamic VBusiness
VEnvironment




3. Controlling Vinvolves Vthe Vcoordination Vof Vdaily Vbusiness Vfunctions Vwithin Van Vorganization.

FALSE


AACSB: VReflective
VThinking V AICPA: VBB
VCritical VThinking V AICPA
VFN: VDecision VMaking
V Blooms: V Remember
V Difficulty: V1 VEasy
Learning VObjective: V01-02
Feedback VTrue: VThis Vis Vactually Vthe Vdefinition Vfor Vdirecting Voperational Vactivities, Vwhich Vis Va Vmanagerial
Vactivity. V Feedback VFalse: VCorrect! VThis Vis Vactually Vthe Vdefinition Vfor Vdirecting Voperational Vactivities, Vwhich Vis Va
Vmanagerial Vactivity.




4. Decision Vmaking Vrequires Vmanagers Vto Vchoose Vamong Vthe Vavailable Valternatives.

TRUE

AACSB: VReflective
VThinking V AICPA: VBB
VCritical VThinking V AICPA
VFN: VDecision VMaking
V Blooms: V Remember
V Difficulty: V1 VEasy
Learning VObjective: V01-02
Feedback VTrue: VCorrect! VThis Vis Vthe Vcorrect Vdefinition Vfor Vdecision Vmaking.
V Feedback VFalse: VThis Vis Vthe Vcorrect Vdefinition Vfor Vdecision Vmaking.




5. The Vbalanced Vscorecard Vis Van Vimportant Vmanagerial Vaccounting Vtool Vfor Vshort-
run Vcompetitiveness.

FALSE

AACSB: VReflective
VThinking V AICPA: VBB
VCritical VThinking V AICPA
VFN: VDecision VMaking
V Blooms: V Remember
V Difficulty: V1 VEasy
Learning VObjective: V01-03
Feedback VTrue: VThe Vbalanced Vscorecard Vis Van Vimportant Vmanagerial Vaccounting Vtool Vfor Vlong-run Vcompetitiveness.
V Feedback VFalse: VCorrect! VThe Vbalanced Vscorecard Vis Van Vimportant Vmanagerial Vaccounting Vtool Vfor Vlong-run
Vcompetitiveness.




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