3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Test bank for Horngren’s Cost Accounting A
b b b b b b
Managerial Emphasis 17th Global Edition by Srikant
b b b b b b b
M. Datarb
Full download link: https://reurl.cc/V18ZQy
b b b
Horngren's bCost bAccounting: bA bManagerial bEmphasis, b17e, bGlobal bEdition bby bDatar/Rajan
b Chapter b1 b The bManager band bManagement bAccounting
Objective b 1.1
1) Management b accounting:
A) focuses bon bestimating bfuture brevenues, bcosts, band bother bmeasures bto bforecast
bactivities b and btheir bresults
B) provides binformation babout bthe bcompany bas ba bwhole
C) reports binformation bthat bhas boccurred bin bthe bpast bthat bis bverifiable band breliable
D) provides binformation bthat bis bgenerally bavailable bonly bon ba bquarterly bor bannual
bbasis b Answer: b A
1
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 1/47
,3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Explanation: b A) bManagement baccounting bhas ba bforward-looking borientation bas bopposed
bto b financial baccounting bwhich bhas ba bhistorical bperspective.
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
2) Managers buse bmanagement baccounting binformation bto:
A) help bexternal busers bsuch bas binvestors, bbanks, bregulators, band bsuppliers
B) communicate, b develop, b and b implement b strategies
C) communicate ba bfirmffs bfinancial bposition bto binvestors, bbanks, bregulators, band
bother b outside bparties
D) ensure bthat bfinancial bstatements bare bconsistent bwith bthe bSEC brules
Answer: b B
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
3) Financial b accounting:
A) focuses bon bthe bfuture band bincludes bactivities bsuch bas bpreparing bnext byearffs
boperating b budget
B) must b comply b with b GAAP b (generally b accepted b accounting b principles)
C) is bthe bprocess bof bmeasuring, banalyzing, band breporting bfinancial band
bnonfinancial b information brelated bto bthe bcosts bof bacquiring bor busing bresources
bin ban borganization
D) is bprepared bfor bthe buse bof bdepartment bheads band bother bemployees
Answer: b B
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
4) Which b of b the b following b would b most b likely b be b the b user b of b financial b accounting
b information?
A) factory bshift bsupervisor
B) distribution b manager
C) current bshareholder
D) department bmanager
b Answer: b C
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
2
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 2/47
,3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
5) The b primary b user b of b management b accounting b information b is b a(n):
A) the bcontroller
B) a bshareholder b evaluating ba bstock binvestment
C) bondholder
D) external bregulator
b Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
6) Financial b accounting b provides b the b primary b source b of b information b for:
A) decision b making b in b the b assembly b and b finishing b department
B) improving b distribution b and b customer b service
C) preparing bthe bincome bstatement bfor bshareholders band bother bexternal bparties
D) planning bnext byearffs bplans band bspecifically; bthe boperating
bbudget b Answer: b C
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
7) Which b of b the b following b is b true b of b management b accounting b information?
A) It b focuses b on b documenting b past b business b actions b of b a b firm.
B) It bis bprepared bbased bon bSEC brules band bFASB baccounting bprinciples.
C) It bis bprepared bfor bshareholders.
D) It bhelps bwith bthe bcoordination bof belements bof bthe bvalue
bchain. b Answer: b D
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
8) Which bof bthe bfollowing bstatements brefers bto bmanagement baccounting binformation?
A) There bare bno bregulations bgoverning bthe breports.
B) The breports bare bgenerally bdelayed band bhistorical.
C) The baudience btends bto bbe bstockholders, bcreditors, band btax bauthorities.
D) It bprimarily bmeasures bmanagerffs bcompensation bon breported bfinancial
bresults. b Answer: b A
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
9) Which bof bthe bfollowing bgroups bwould bbe bleast blikely bto breceive bdetailed
bmanagement b accounting breports?
A) stockholders
B) sales b managers
C) production b supervisors
D) distribution bmanagers
b Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
10) Management b accounting b information b typically b includes:
A) tabulated bresults bof bcustomer bsatisfaction bsurveys
B) the bcost bof bproducing ba bproduct
C) the bpercentage bof bunits bproduced bthat bare bdefective
D) All bof bthese banswers bare
bcorrect. b Answer: b D
Diff: b1
3
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 3/47
, 3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Objective: b 1
AACSB: b Application b of b knowledge
11) Cost baccounting:
A) measures bthe bcosts bof bacquiring bor busing bresources bin ban borganization
B) measures b the b financial b and b nonfinancial b information b that b helps b managers b make
b decisions b to bfulfill bthe bgoals bof ban borganization
C) coordinates bproduct bdesign, bproduction, band bmarketing bdecisions band bevaluate
ba b companyffs bperformance
D) communicates binformation bto binvestors, bbanks, bregulators, band bother boutside bparties
Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
12) Which bof bthe bfollowing bdifferentiates bcost baccounting band bfinancial baccounting?
A) The bprimary busers bof bcost baccounting bare bthe binvestors, bwhereas bthe bprimary
busers bof b financial baccounting bare bthe bmanagers.
B) Cost baccounting bdeals bwith bproduct bdesign, bproduction, band bmarketing bstrategies,
whereas bfinancial baccounting bdeals bmainly bwith bpricing bof bthe bproducts.
C) Cost baccounting bmeasures bonly bthe bfinancial binformation brelated bto bthe bcosts bof
bacquiring b fixed bassets bin ban borganization, bwhereas bfinancial baccounting bmeasures
bfinancial band b nonfinancial binformation bof ba bcompanyffs bbusiness btransactions.
D) Cost baccounting bmeasures binformation brelated bto bthe bcosts bof bacquiring bor busing
b resources bin ban borganization, bwhereas bfinancial baccounting bmeasures ba bfinancial
bposition bof b a bcompany bto binvestors, bbanks, band b external bparties.
Answer: b D
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
13) Which b of b the b following b is b true b of b financial b accounting b information?
A) It b is b prepared b based b on b cost-benefit b analysis.
B) It bis bprimarily bused bby bmanagers bto bmake binternal bbusiness bdecisions.
C) It bfocuses bon bthe bpast-oriented bfinancial bperformance bof ba bcompany.
D) It bonly bmeasures bthe bcash btransactions bof ba
bcompany. b Answer: b C
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
4
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 4/47
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Test bank for Horngren’s Cost Accounting A
b b b b b b
Managerial Emphasis 17th Global Edition by Srikant
b b b b b b b
M. Datarb
Full download link: https://reurl.cc/V18ZQy
b b b
Horngren's bCost bAccounting: bA bManagerial bEmphasis, b17e, bGlobal bEdition bby bDatar/Rajan
b Chapter b1 b The bManager band bManagement bAccounting
Objective b 1.1
1) Management b accounting:
A) focuses bon bestimating bfuture brevenues, bcosts, band bother bmeasures bto bforecast
bactivities b and btheir bresults
B) provides binformation babout bthe bcompany bas ba bwhole
C) reports binformation bthat bhas boccurred bin bthe bpast bthat bis bverifiable band breliable
D) provides binformation bthat bis bgenerally bavailable bonly bon ba bquarterly bor bannual
bbasis b Answer: b A
1
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 1/47
,3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Explanation: b A) bManagement baccounting bhas ba bforward-looking borientation bas bopposed
bto b financial baccounting bwhich bhas ba bhistorical bperspective.
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
2) Managers buse bmanagement baccounting binformation bto:
A) help bexternal busers bsuch bas binvestors, bbanks, bregulators, band bsuppliers
B) communicate, b develop, b and b implement b strategies
C) communicate ba bfirmffs bfinancial bposition bto binvestors, bbanks, bregulators, band
bother b outside bparties
D) ensure bthat bfinancial bstatements bare bconsistent bwith bthe bSEC brules
Answer: b B
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
3) Financial b accounting:
A) focuses bon bthe bfuture band bincludes bactivities bsuch bas bpreparing bnext byearffs
boperating b budget
B) must b comply b with b GAAP b (generally b accepted b accounting b principles)
C) is bthe bprocess bof bmeasuring, banalyzing, band breporting bfinancial band
bnonfinancial b information brelated bto bthe bcosts bof bacquiring bor busing bresources
bin ban borganization
D) is bprepared bfor bthe buse bof bdepartment bheads band bother bemployees
Answer: b B
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
4) Which b of b the b following b would b most b likely b be b the b user b of b financial b accounting
b information?
A) factory bshift bsupervisor
B) distribution b manager
C) current bshareholder
D) department bmanager
b Answer: b C
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
2
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 2/47
,3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
5) The b primary b user b of b management b accounting b information b is b a(n):
A) the bcontroller
B) a bshareholder b evaluating ba bstock binvestment
C) bondholder
D) external bregulator
b Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
6) Financial b accounting b provides b the b primary b source b of b information b for:
A) decision b making b in b the b assembly b and b finishing b department
B) improving b distribution b and b customer b service
C) preparing bthe bincome bstatement bfor bshareholders band bother bexternal bparties
D) planning bnext byearffs bplans band bspecifically; bthe boperating
bbudget b Answer: b C
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
7) Which b of b the b following b is b true b of b management b accounting b information?
A) It b focuses b on b documenting b past b business b actions b of b a b firm.
B) It bis bprepared bbased bon bSEC brules band bFASB baccounting bprinciples.
C) It bis bprepared bfor bshareholders.
D) It bhelps bwith bthe bcoordination bof belements bof bthe bvalue
bchain. b Answer: b D
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
8) Which bof bthe bfollowing bstatements brefers bto bmanagement baccounting binformation?
A) There bare bno bregulations bgoverning bthe breports.
B) The breports bare bgenerally bdelayed band bhistorical.
C) The baudience btends bto bbe bstockholders, bcreditors, band btax bauthorities.
D) It bprimarily bmeasures bmanagerffs bcompensation bon breported bfinancial
bresults. b Answer: b A
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
9) Which bof bthe bfollowing bgroups bwould bbe bleast blikely bto breceive bdetailed
bmanagement b accounting breports?
A) stockholders
B) sales b managers
C) production b supervisors
D) distribution bmanagers
b Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
10) Management b accounting b information b typically b includes:
A) tabulated bresults bof bcustomer bsatisfaction bsurveys
B) the bcost bof bproducing ba bproduct
C) the bpercentage bof bunits bproduced bthat bare bdefective
D) All bof bthese banswers bare
bcorrect. b Answer: b D
Diff: b1
3
Copyright b © b 2021 b Pearson b Education, b Ltd.
about:blank 3/47
, 3/9/24, 10:12 AM
b b Test bank for Horngren’s Cost Accounting A Managerial Emphasis 17th Glo…
b b b b b b b b b b
Objective: b 1
AACSB: b Application b of b knowledge
11) Cost baccounting:
A) measures bthe bcosts bof bacquiring bor busing bresources bin ban borganization
B) measures b the b financial b and b nonfinancial b information b that b helps b managers b make
b decisions b to bfulfill bthe bgoals bof ban borganization
C) coordinates bproduct bdesign, bproduction, band bmarketing bdecisions band bevaluate
ba b companyffs bperformance
D) communicates binformation bto binvestors, bbanks, bregulators, band bother boutside bparties
Answer: b A
Diff: b1
Objective: b 1
AACSB: b Analytical b thinking
12) Which bof bthe bfollowing bdifferentiates bcost baccounting band bfinancial baccounting?
A) The bprimary busers bof bcost baccounting bare bthe binvestors, bwhereas bthe bprimary
busers bof b financial baccounting bare bthe bmanagers.
B) Cost baccounting bdeals bwith bproduct bdesign, bproduction, band bmarketing bstrategies,
whereas bfinancial baccounting bdeals bmainly bwith bpricing bof bthe bproducts.
C) Cost baccounting bmeasures bonly bthe bfinancial binformation brelated bto bthe bcosts bof
bacquiring b fixed bassets bin ban borganization, bwhereas bfinancial baccounting bmeasures
bfinancial band b nonfinancial binformation bof ba bcompanyffs bbusiness btransactions.
D) Cost baccounting bmeasures binformation brelated bto bthe bcosts bof bacquiring bor busing
b resources bin ban borganization, bwhereas bfinancial baccounting bmeasures ba bfinancial
bposition bof b a bcompany bto binvestors, bbanks, band b external bparties.
Answer: b D
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
13) Which b of b the b following b is b true b of b financial b accounting b information?
A) It b is b prepared b based b on b cost-benefit b analysis.
B) It bis bprimarily bused bby bmanagers bto bmake binternal bbusiness bdecisions.
C) It bfocuses bon bthe bpast-oriented bfinancial bperformance bof ba bcompany.
D) It bonly bmeasures bthe bcash btransactions bof ba
bcompany. b Answer: b C
Diff: b2
Objective: b 1
AACSB: b Analytical b thinking
4
Copyright b © b 2021 b Pearson b Education, b Ltd.
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