TEST BANK
Management Accounting, 5th Edition
By Leslie G. Eldenburg, Albie Brooks
TU
TO
R
G
U
R
U
, Table of Content
PART 1 Management accounting and cost management
CHAPTER 1 The role of accounting information in management decision making
CHAPTER 2 Cost concepts, behaviour and estimation
CHAPTER 3 A costing framework and cost allocation
CHAPTER 4 Cost–volume–profit (CVP) analysis
CHAPTER 5 Planning — budgeting and behaviour
CHAPTER 6 Operational budgets
TU
CHAPTER 7 Job costing systems
CHAPTER 8 Process costing systems
CHAPTER 9 Absorption and variable costing
CHAPTER 10 Flexible budgets, standard costs and variance analysis
TO
CHAPTER 11 Variance analysis: revenue and cost
CHAPTER 12 Activity analysis: costing and management
CHAPTER 13 Relevant costs for decision making
R
PART 2 Management accounting, extending performance measurement and strategy
CHAPTER 14 Strategy and control
G
CHAPTER 15 Capital budgeting and strategic investment decisions
CHAPTER 16 The strategic management of costs and revenues
U
CHAPTER 17 Strategic management control: a lean perspective
CHAPTER 18 Responsibility accounting, performance evaluation and transfer pricing
R
CHAPTER 19 The balanced scorecard and strategy maps
CHAPTER 20 Rewards, incentives and risk management
U
CHAPTER 21 Sustainability management accounting
,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
TU
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
TO
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
Correct answer: b
R
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
G
3. Most organisations have one stakeholder.
a. True
U
*b. False
Correct answer: b
R
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
U
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
TU
6. Most organisations have databases that contain information collected formally or
informally from internal sources only.
a. True
*b. False
TO
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
R
7. Desirable employee behaviour can be motivated by tying employee performance
evaluation and pay to long-term or short-term results.
*a. True
G
b. False
Correct answer: a
U
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
R
8. Organisational information systems only collect accounting information.
a. True
U
*b. False
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information
in management decision making
1.3
Management Accounting, 5th Edition
By Leslie G. Eldenburg, Albie Brooks
TU
TO
R
G
U
R
U
, Table of Content
PART 1 Management accounting and cost management
CHAPTER 1 The role of accounting information in management decision making
CHAPTER 2 Cost concepts, behaviour and estimation
CHAPTER 3 A costing framework and cost allocation
CHAPTER 4 Cost–volume–profit (CVP) analysis
CHAPTER 5 Planning — budgeting and behaviour
CHAPTER 6 Operational budgets
TU
CHAPTER 7 Job costing systems
CHAPTER 8 Process costing systems
CHAPTER 9 Absorption and variable costing
CHAPTER 10 Flexible budgets, standard costs and variance analysis
TO
CHAPTER 11 Variance analysis: revenue and cost
CHAPTER 12 Activity analysis: costing and management
CHAPTER 13 Relevant costs for decision making
R
PART 2 Management accounting, extending performance measurement and strategy
CHAPTER 14 Strategy and control
G
CHAPTER 15 Capital budgeting and strategic investment decisions
CHAPTER 16 The strategic management of costs and revenues
U
CHAPTER 17 Strategic management control: a lean perspective
CHAPTER 18 Responsibility accounting, performance evaluation and transfer pricing
R
CHAPTER 19 The balanced scorecard and strategy maps
CHAPTER 20 Rewards, incentives and risk management
U
CHAPTER 21 Sustainability management accounting
,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
TU
b. False
Correct answer: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
TO
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
Correct answer: b
R
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
G
3. Most organisations have one stakeholder.
a. True
U
*b. False
Correct answer: b
R
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
U
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
TU
6. Most organisations have databases that contain information collected formally or
informally from internal sources only.
a. True
*b. False
TO
Correct answer: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
R
7. Desirable employee behaviour can be motivated by tying employee performance
evaluation and pay to long-term or short-term results.
*a. True
G
b. False
Correct answer: a
U
Learning objective 1.1 ~ Recognise the types of decisions managers make for an
organisation
R
8. Organisational information systems only collect accounting information.
a. True
U
*b. False
Correct answer: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting information
in management decision making
1.3
