Testbank
toaccompany
dx
Managementaccounting
5thedition
byElden
dx dx
burget al.
bn
,Chapter 1: The role of accounting information in management decision m a
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king
True/false questions dx
1. A vision statement is a theoretical description of what an organisation should become.
dx dx dx dx dx dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
2. An organisational vision is a short-term plan for maximising financial results.
dx dx dx dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisati on
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
3. Most organisations have one stakeholder.
dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
4. Organisational core competencies unrelated to the organisational vision.
dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
1.2
,5. Organisational strategies are the tactics that managers use to take advantage of core c
dx dx dx dx dx dx dx dx dx dx dx dx dx
ompetencies while working towards the organisational vision.
dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
6. Most organisations have databases that contain information collected formally or i
dx dx dx dx dx dx dx bn dx dx
nformally from internal sources only.
dx dx dx dx
a. True
*b. False
dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
7. Desirable employee behaviour can be motivated by tying employee performance
dx dx dx dx dx dx dx bn dx dx
evaluation and pay to long-term or short-term results.
dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
8. Organisational information systems only collect accounting information.
dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
1.3
, 9. Cost accounting information is used for both management accounting and financial a
dx dx dx dx dx dx dx dx dx dx dx
ccounting activities. dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
10. Management accounting is the process of gathering, summarising and reporting f
dx dx dx dx dx dx dx bn dx dx
inancial and non-financial information used internally to make decisions.
dx dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
11. Intellectual capital is a type of financial resource that is captured by the organisation’s i
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
nformation system. dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
12. It is easy to differentiate between internal and external reports.
dx dx dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
1.4
toaccompany
dx
Managementaccounting
5thedition
byElden
dx dx
burget al.
bn
,Chapter 1: The role of accounting information in management decision m a
dx dx dx dx dx dx dx dx dx dx dx
king
True/false questions dx
1. A vision statement is a theoretical description of what an organisation should become.
dx dx dx dx dx dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
2. An organisational vision is a short-term plan for maximising financial results.
dx dx dx dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisati on
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
3. Most organisations have one stakeholder.
dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
4. Organisational core competencies unrelated to the organisational vision.
dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
1.2
,5. Organisational strategies are the tactics that managers use to take advantage of core c
dx dx dx dx dx dx dx dx dx dx dx dx dx
ompetencies while working towards the organisational vision.
dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
6. Most organisations have databases that contain information collected formally or i
dx dx dx dx dx dx dx bn dx dx
nformally from internal sources only.
dx dx dx dx
a. True
*b. False
dx
Correct answer: b
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
7. Desirable employee behaviour can be motivated by tying employee performance
dx dx dx dx dx dx dx bn dx dx
evaluation and pay to long-term or short-term results.
dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisatio n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
8. Organisational information systems only collect accounting information.
dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
1.3
, 9. Cost accounting information is used for both management accounting and financial a
dx dx dx dx dx dx dx dx dx dx dx
ccounting activities. dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
10. Management accounting is the process of gathering, summarising and reporting f
dx dx dx dx dx dx dx bn dx dx
inancial and non-financial information used internally to make decisions.
dx dx dx dx dx dx dx dx
*a. True dx
b. False
dx
Correct answer: a
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
11. Intellectual capital is a type of financial resource that is captured by the organisation’s i
dx dx dx dx dx dx dx dx dx dx dx dx dx dx
nformation system. dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
12. It is easy to differentiate between internal and external reports.
dx dx dx dx dx dx dx dx dx
a. True
*b. False dx
Correct answer: b
dx dx
Learning objective 1.2 ~ Discuss the role of cost and management accounting information i n
dx dx dx dx dx dx dx dx dx dx dx dx dx dx dx
management decision making dx dx
1.4
