TEST BANK FOR Managerial Accounting: The Cornerstone of Business Decision-Making 9th Edition by Maryanne Mowen, Don Hansen, Dan Heitger ISBN:979-8214041902 COMPLETE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!

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Managerial Accounting The Cornerstone of Business Decision Making 9th Edition by Maryanne M.
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Mowen, Don R. Hansen, Dan L. Heitger Copyright 2026
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Chapter 1-14 dt




Ch01 - Introduction to Managerial Accounting
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True / False
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1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
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decision making. dt



a. True
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b. False
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ANSWER: False
RATIONALE: The managerial activity of monitoring a plan's implementation and taking corrective action as
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needed is referred to as controlling. dt dt dt dt dt




POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:dt United States - AK - ACBSP: APC-26 - Management Functions dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Decision Modeling dt dt dt dt dt dt dt



United States - AK - IMA: Decision Analysis dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Remember dt




2. The process of choosing among competing alternatives is called decision making.
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a. True
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b. False
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ANSWER: True
RATIONALE: The process of choosing among competing alternatives is called decision making. dt dt dt dt dt dt dt dt dt dt




POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
dt dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
dt d t dt dt dt dt dt dt dt




NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:dt United States - AK - ACBSP: APC-26 - Management Functions dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Decision Modeling dt dt dt dt dt dt dt



United States - AK - IMA: Decision Analysis dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Remember dt




3. Managerial accounting information is not important for not-for-profit organizations.
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a. Truedt




b. False
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ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations. dt dt dt dt dt dt dt dt dt




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POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: dt True / False
dt dt




LEARNING OBJECTIVES: dt d t MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting. dt dt dt dt dt dt dt




NATIONAL STANDARDS: dt d t United States - BUSPROG: Analytic
dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Reporting
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United States - AK - IMA: Cost Management
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KEYWORDS: Bloom's: Understand dt




4. Management accounting information is used only by manufacturing organizations.
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a. True
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b. False
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ANSWER: False
RATIONALE: Management accounting information is used by all manufacturing, merchandising, and dt dt dt dt dt dt dt dt dt



service organizations. dt




POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: dt True / False dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
dt d t dt dt dt dt dt dt dt




NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Reporting dt dt dt dt dt dt



United States - AK - IMA: Cost Management dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Understand dt




5. Managerial accounting is designed primarily for internal users.
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a. True
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b. False
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ANSWER: True
RATIONALE: Managerial accounting is the provision of accounting information for a company’s internal
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users.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: dt True / False dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
dt d t dt dt dt dt dt dt dt




NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Reporting dt dt dt dt dt dt



United States - AK - IMA: Cost Management dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Understand dt




6. Managerial accounting emphasizes the future.
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a. True
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b. False
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ANSWER: True
RATIONALE: Although managerial accounting records and reports events that have already occurred, it
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dt dt dt dt dt Page 2
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strongly emphasizes providing information about future events. dt dt dt dt dt dt




POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / Falsedt dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. dt




NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: FN-Reporting dt dt dt dt dt dt



United States - AK - IMA: Cost Management dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Understand dt




7. GAAP governs financial accounting.
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a. True
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b. False
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ANSWER: True
RATIONALE: Financial accounting is subject to externally imposed rules (e.g., GAAP and SEC dt dt dt dt dt dt dt dt dt dt dt



regulations).
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
dt dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
dt d t dt dt dt dt dt dt dt dt



financial accounting. dt




NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-02-GAAP dt dt dt dt dt dt



United States - AK - AICPA: FN-Reporting dt dt dt dt dt dt



United States - AK - IMA: Reporting dt dt dt dt dt dt




KEYWORDS: Bloom's: Remember dt




8. The value chain is the set of activities required to design, develop, produce, market, and deliver products and services to
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customers.
a. True
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b. False
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ANSWER: True
RATIONALE: The value chain is the set of activities required to design, develop, produce, market, and
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deliver products and services, as well as provide support services to customers. dt dt dt dt dt dt dt dt dt dt dt




POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
dt dt dt




LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-03 - Explain the current focus of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
dt d t dt dt dt dt




STATE STANDARDS:
dt United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology dt dt dt dt dt dt dt dt dt



United States - AK - AICPA: BB-Resource Management dt dt dt dt dt dt dt



United States - AK - IMA: Strategic Planning dt dt dt dt dt dt dt




KEYWORDS: Bloom's: Remember dt




9. Time is not a crucial element in all phases of the value chain.
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a. True
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