WGU C213 PA & OA Study Guide Exam | MOST RECENT EXAM
2026/2027 ACTUAL COMPREHENSIVE FREQUENTLY MOST
TESTED REAL EXAM QUESTIONS AND VERIFIED SOLUTIONS
| ALREADY GRADED A+ | GUARANTEED SUCCESS!! NEWEST
EXAM | JUST RELEASED!!
Which of the following products usually consumes the
highest amount of
overhead costs per unit? - ANSWER-Low-volume
unique products
Good management accounting is motivated by: - ANSWER-
Management's
desire to
improve
Control operations does NOT involve - ANSWER-Analyzing
results
The process of making decisions about future operations is
called: - ANSWER-
Planning
Which principal is the LEAST uniform and is NOT
mandatory? - ANSWER-
,Management Accounting
Principals
Operational budgeting is - ANSWER-Planning decisions
regarding current
operations and those of the
immediate future
Accounting information helps management to: - ANSWER-
Make products,
control operations, decide what prices
to charge
Which of the following types of costs are most likely to be
classified as period
costs? - ANSWER-
Administrative costs
A non-manufacturing cost is classified as - ANSWER-A period
cost
The most important costs to consider when making a decision
involving future
action are: - ANSWER-
Differential costs
Costs that are directly traceable to a unit of business or
segment being
,analyzed are called: - ANSWER-
Direct costs
The top accountant in most large organizations is
usually called the: -
ANSWER-
Controller
What is the first step a business professional should take when
confronted with
a situation that may involve a ethical conflict? - ANSWER-
Discuss the problem
with an immediate
supervisor
Which of the following is NOT typically true of accounting
information? -
ANSWER-The information relates to future
time periods
Which of the following is NOT a function of accounting? -
ANSWER-Executing
sales transactions for
organizations
Which of the following is true of double-entry system of
bookkeeping? -
ANSWER-It was developed in the 1930's-
1940's in Italy
, Which of the following is NOT a key component of the definition
of accounting?
- ANSWER-
Qualitative
Which is the most correct definition of accounting? - ANSWER-
A system of providing quantitative information, primarily
financial in nature, about economic entities that is intended to
be useful in making economic decisions
Which of the following is NOT one of the three primary
financial statements? -
ANSWER-Statement of retained
earnings
Which of the following financial statements reports a
company's resources,
obligations, and owners equity - ANSWER-
Balance sheet
Which of the following financial statements reports the excess
of the company's
revenues over its expenses? - ANSWER-Income
statement
Which of the following financial statements reports the amount
of cash collected
2026/2027 ACTUAL COMPREHENSIVE FREQUENTLY MOST
TESTED REAL EXAM QUESTIONS AND VERIFIED SOLUTIONS
| ALREADY GRADED A+ | GUARANTEED SUCCESS!! NEWEST
EXAM | JUST RELEASED!!
Which of the following products usually consumes the
highest amount of
overhead costs per unit? - ANSWER-Low-volume
unique products
Good management accounting is motivated by: - ANSWER-
Management's
desire to
improve
Control operations does NOT involve - ANSWER-Analyzing
results
The process of making decisions about future operations is
called: - ANSWER-
Planning
Which principal is the LEAST uniform and is NOT
mandatory? - ANSWER-
,Management Accounting
Principals
Operational budgeting is - ANSWER-Planning decisions
regarding current
operations and those of the
immediate future
Accounting information helps management to: - ANSWER-
Make products,
control operations, decide what prices
to charge
Which of the following types of costs are most likely to be
classified as period
costs? - ANSWER-
Administrative costs
A non-manufacturing cost is classified as - ANSWER-A period
cost
The most important costs to consider when making a decision
involving future
action are: - ANSWER-
Differential costs
Costs that are directly traceable to a unit of business or
segment being
,analyzed are called: - ANSWER-
Direct costs
The top accountant in most large organizations is
usually called the: -
ANSWER-
Controller
What is the first step a business professional should take when
confronted with
a situation that may involve a ethical conflict? - ANSWER-
Discuss the problem
with an immediate
supervisor
Which of the following is NOT typically true of accounting
information? -
ANSWER-The information relates to future
time periods
Which of the following is NOT a function of accounting? -
ANSWER-Executing
sales transactions for
organizations
Which of the following is true of double-entry system of
bookkeeping? -
ANSWER-It was developed in the 1930's-
1940's in Italy
, Which of the following is NOT a key component of the definition
of accounting?
- ANSWER-
Qualitative
Which is the most correct definition of accounting? - ANSWER-
A system of providing quantitative information, primarily
financial in nature, about economic entities that is intended to
be useful in making economic decisions
Which of the following is NOT one of the three primary
financial statements? -
ANSWER-Statement of retained
earnings
Which of the following financial statements reports a
company's resources,
obligations, and owners equity - ANSWER-
Balance sheet
Which of the following financial statements reports the excess
of the company's
revenues over its expenses? - ANSWER-Income
statement
Which of the following financial statements reports the amount
of cash collected
