9/14/23,g10:52gAM SolutionsgandgTestgBankgForgManagerialgAccountingg5thgEditiongBygStaceyg
…
ForgAllgChaptersgà
ManagerialgAccounting,g 5eg (Whitecotton)
Chapterg1g Introductiong togManagerialgAccounting
1) Financialgaccountingginformationgisggenerallygusedgexclusivelygbyginternalgpartiesgsuchg
asg managers.
Answer:g FALSE
Explanation:g Financialgaccountingginformationgisgusedgbygexternalgparties;gmanagerialg accou
ntingginformationgisgusedgbyginternalgbusinessgownersgandgmanagers.
Difficulty:g1gEasy
Topic:g Comparisongofg financialgandg managerialgaccounting
LearninggObjective:g 01-
01gDescribegthegkeygdifferencesgbetweengfinancialgaccountinggandg managerialgaccounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
2) Financialgaccountingg informationg isg reportedg forg thegcompanyg asgagwhole.
Answer:g TRUE
Explanation:g Financialgaccountingginformationgisgprovidedgatgthegcompany-
wideglevel.g Difficulty:g1gEasy
Topic:g Comparisongofg financialgandg managerialgaccounting
LearninggObjective:g 01-
01gDescribegthegkeygdifferencesgbetweengfinancialgaccountinggandg managerialgaccounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
3) Managersg mustg direct,g leadg andg motivateg duringg theg implementationg function.
Answer:g TRUE
Explanation:g Directing/leadingginvolvesgputtinggthegplangintogaction,gandgmotivatinggothersgtog
workgtowardgthegplan'sgsuccess,gandgitgisgagkeygpartgofgputtinggagplangintogactiong(implementati
on).g Difficulty:g1gEasy
Topic:g FunctionsgofgManagement
LearninggObjective:g 01-
02gDescribeghowgmanagerialgaccountinggisgusedgingdifferentgtypesgofg organizations gtogsupportgthegk
eygfunctionsgofg management.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
1
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…
ForgAllgChaptersgà
4) Managersgofgsmall,gprivategcorporationsgusegmanagerialgaccountingginformationgwherea
sg managersgofglarge,gpublicgcorporationsgusegfinancialgaccountingginformation.
Answer:g FALSE
Explanation:g Managerialgaccountingginformationgisgusedgbygmanagersgingallgtypesgofg organiz
ations:glargegandgsmall,gpublicgandgprivate,gprofitgandgnonprofit.
Difficulty:g1gEasy
Topic:g FunctionsgofgManagement
LearninggObjective:g 01-
02gDescribeghowgmanagerialgaccountinggisgusedgingdifferentgtypesgofg organizations gtogsupportgthegk
eygfunctionsgofg management.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
5) ThegSarbanes-
OxleygActgofg2002gplacesgfullgresponsibilitygongthegboardgofgdirectorsgforgtheg accuracygofg
thegreportinggsystem.
Answer:g FALSE
Explanation:g SOXgplacesgmoregresponsibilitygongallgmanagersg(notgjustgaccountants)gforgtheg
accuracygofgthegreportinggsystem.gSOXgalsogplacesgadditionalgresponsibilitiesgongthegboardsgof
g directorsgandgexternalgauditorsgtogreduce gthegopportunitygforgerrorsgandgfraud.
Difficulty:g2gMedium
Topic:g EthicsgandgthegSarbanes-OxleygAct
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Understandg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
6) ThegSarbanes-
OxleygActgofg2002gfocusesgongthreegfactorsgthatgaffectgthegaccountinggreportingg environment:
gethics,gfraud,gandgmanagers.
Answer:g FALSE
Explanation:g ThegSarbanes-
OxleygActgofg2002gfocusesgongthreegfactorsgthatgaffectgthegaccountingg reportinggenvironment:goppor
tunity,gincentives,gandgcharacter.
Difficulty:g2gMedium
Topic:g EthicsgandgthegSarbanes-OxleygAct
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Understandg AAC
SB:g Ethics
Accessibility:g Keyboardg Navigation
2
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…
This is a preview
g g g
Dog youg wantg fullg access?gGog Premiumg andg unlockgallg96gpages
AccessgtogallgdocumentsgG
etgUnlimitedgDownloadsgIm
provegyourggrades
FreegTrial
Getg30gdaysgofgfreegPremium
Upload
Sharegyourgdocumentsgtogunlock
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, 9/14/23,g10:52gAM SolutionsgandgTestgBankgForgManagerialgAccountingg5thgEditiongBygStaceyg
…
ForgAllgChaptersgà
7) Agsustainablegbusinessgisgonegwithgthegabilitygtogmeetgthegneedsgofgtodaygwithoutgsacrificingg
theg abilitygofgfutureggenerationsgtog meetgtheirgowngneeds.
Answer:g TRUE
Explanation:g Ingthegcontextgofgbusinessg"sustainability"gmeansgthegabilitygtogmeetgthegneedsgo
fg todaygwithoutgsacrificinggthegabilitygofgfutureggenerationsgtogmeetgtheirgowngneeds.
Difficulty:g1gEasy
Topic:g SustainabilitygAccounting
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g Ethics
Accessibility:g Keyboardg Navigation
8) Thegtermg "Biggdata"grefersgtogtheg volume,gvelocitygandg veracitygofg data.
Answer:g FALSE
Explanation:g Veracitygisgagsynonymgforgaccuracy,gwhichgisgnotgonegofgthegcharacteristicsgofg
bigg data.gTheg3gcharacteristicsgofg"Biggdata"garegvolume,gvelocity,gandgvariety
Difficulty:g1gEasy
Topic:g DecisiongAnalytics
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
9) Predictiveganalyticsgisgthegprocessgofgrecommendinggagcoursegofgactiongbasedgupongmeaningf
ulg patternsgandginsightsgfromgcollectedgdata.
Answer:g FALSE
Explanation:g Prescriptiveganalytics,gnotgpredictiveganalytics,grecommendsgcoursesgofgactiong
Difficulty:g1gEasy
Topic:g DecisiongAnalytics
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
3
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…
ForgAllgChaptersgà
ManagerialgAccounting,g 5eg (Whitecotton)
Chapterg1g Introductiong togManagerialgAccounting
1) Financialgaccountingginformationgisggenerallygusedgexclusivelygbyginternalgpartiesgsuchg
asg managers.
Answer:g FALSE
Explanation:g Financialgaccountingginformationgisgusedgbygexternalgparties;gmanagerialg accou
ntingginformationgisgusedgbyginternalgbusinessgownersgandgmanagers.
Difficulty:g1gEasy
Topic:g Comparisongofg financialgandg managerialgaccounting
LearninggObjective:g 01-
01gDescribegthegkeygdifferencesgbetweengfinancialgaccountinggandg managerialgaccounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
2) Financialgaccountingg informationg isg reportedg forg thegcompanyg asgagwhole.
Answer:g TRUE
Explanation:g Financialgaccountingginformationgisgprovidedgatgthegcompany-
wideglevel.g Difficulty:g1gEasy
Topic:g Comparisongofg financialgandg managerialgaccounting
LearninggObjective:g 01-
01gDescribegthegkeygdifferencesgbetweengfinancialgaccountinggandg managerialgaccounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
3) Managersg mustg direct,g leadg andg motivateg duringg theg implementationg function.
Answer:g TRUE
Explanation:g Directing/leadingginvolvesgputtinggthegplangintogaction,gandgmotivatinggothersgtog
workgtowardgthegplan'sgsuccess,gandgitgisgagkeygpartgofgputtinggagplangintogactiong(implementati
on).g Difficulty:g1gEasy
Topic:g FunctionsgofgManagement
LearninggObjective:g 01-
02gDescribeghowgmanagerialgaccountinggisgusedgingdifferentgtypesgofg organizations gtogsupportgthegk
eygfunctionsgofg management.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
1
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,9/14/23,g10:52gAM SolutionsgandgTestgBankgForgManagerialgAccountingg5thgEditiongBygStaceyg
…
ForgAllgChaptersgà
4) Managersgofgsmall,gprivategcorporationsgusegmanagerialgaccountingginformationgwherea
sg managersgofglarge,gpublicgcorporationsgusegfinancialgaccountingginformation.
Answer:g FALSE
Explanation:g Managerialgaccountingginformationgisgusedgbygmanagersgingallgtypesgofg organiz
ations:glargegandgsmall,gpublicgandgprivate,gprofitgandgnonprofit.
Difficulty:g1gEasy
Topic:g FunctionsgofgManagement
LearninggObjective:g 01-
02gDescribeghowgmanagerialgaccountinggisgusedgingdifferentgtypesgofg organizations gtogsupportgthegk
eygfunctionsgofg management.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
5) ThegSarbanes-
OxleygActgofg2002gplacesgfullgresponsibilitygongthegboardgofgdirectorsgforgtheg accuracygofg
thegreportinggsystem.
Answer:g FALSE
Explanation:g SOXgplacesgmoregresponsibilitygongallgmanagersg(notgjustgaccountants)gforgtheg
accuracygofgthegreportinggsystem.gSOXgalsogplacesgadditionalgresponsibilitiesgongthegboardsgof
g directorsgandgexternalgauditorsgtogreduce gthegopportunitygforgerrorsgandgfraud.
Difficulty:g2gMedium
Topic:g EthicsgandgthegSarbanes-OxleygAct
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Understandg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
6) ThegSarbanes-
OxleygActgofg2002gfocusesgongthreegfactorsgthatgaffectgthegaccountinggreportingg environment:
gethics,gfraud,gandgmanagers.
Answer:g FALSE
Explanation:g ThegSarbanes-
OxleygActgofg2002gfocusesgongthreegfactorsgthatgaffectgthegaccountingg reportinggenvironment:goppor
tunity,gincentives,gandgcharacter.
Difficulty:g2gMedium
Topic:g EthicsgandgthegSarbanes-OxleygAct
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Understandg AAC
SB:g Ethics
Accessibility:g Keyboardg Navigation
2
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,9/14/23,g10:52gAM SolutionsgandgTestgBankgForgManagerialgAccountingg5thgEditiongBygStaceyg
…
This is a preview
g g g
Dog youg wantg fullg access?gGog Premiumg andg unlockgallg96gpages
AccessgtogallgdocumentsgG
etgUnlimitedgDownloadsgIm
provegyourggrades
FreegTrial
Getg30gdaysgofgfreegPremium
Upload
Sharegyourgdocumentsgtogunlock
about:blank 3/178
, 9/14/23,g10:52gAM SolutionsgandgTestgBankgForgManagerialgAccountingg5thgEditiongBygStaceyg
…
ForgAllgChaptersgà
7) Agsustainablegbusinessgisgonegwithgthegabilitygtogmeetgthegneedsgofgtodaygwithoutgsacrificingg
theg abilitygofgfutureggenerationsgtog meetgtheirgowngneeds.
Answer:g TRUE
Explanation:g Ingthegcontextgofgbusinessg"sustainability"gmeansgthegabilitygtogmeetgthegneedsgo
fg todaygwithoutgsacrificinggthegabilitygofgfutureggenerationsgtogmeetgtheirgowngneeds.
Difficulty:g1gEasy
Topic:g SustainabilitygAccounting
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g Ethics
Accessibility:g Keyboardg Navigation
8) Thegtermg "Biggdata"grefersgtogtheg volume,gvelocitygandg veracitygofg data.
Answer:g FALSE
Explanation:g Veracitygisgagsynonymgforgaccuracy,gwhichgisgnotgonegofgthegcharacteristicsgofg
bigg data.gTheg3gcharacteristicsgofg"Biggdata"garegvolume,gvelocity,gandgvariety
Difficulty:g1gEasy
Topic:g DecisiongAnalytics
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
9) Predictiveganalyticsgisgthegprocessgofgrecommendinggagcoursegofgactiongbasedgupongmeaningf
ulg patternsgandginsightsgfromgcollectedgdata.
Answer:g FALSE
Explanation:g Prescriptiveganalytics,gnotgpredictiveganalytics,grecommendsgcoursesgofgactiong
Difficulty:g1gEasy
Topic:g DecisiongAnalytics
LearninggObjective:g 01-
03gDescribegthegimportancegofgethics,gsustainability,gandgdecisiong analyticsging managerialgacc
ounting.
Bloom's:g Rememberg AACS
B:g AnalyticalgThinking
Accessibility:g Keyboardg Navigation
3
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