TEST BANK FOR Stanhope and Lancaster's Community Health Nursing in Canada - Binder Ready 4th Edition by Sandra A. MacDonald BN MN PhD

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,DOWNLOAD,.THE,.Test,.Bank,.for,.Managerial,.Accounting,.5th,.Edition,.Bra
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Managerial,.Accounting,,.5e,.(Braun,.et,.al.)
Chapter,.2, . , . Building,.Blocks,.of,.Managerial,.Accounting

2.1 Distinguish,.among,.service,,.merchandising,,.and,.manufacturing,.companies

1) Service,.companies,.must,.carry,.a,.large,.amount,.of,.inventory,.to,.meet,.consumer,.dema
nd.,.Answer:, . FALSE
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

2) Manufacturing,.companies,.usually,.have,.three,.types,.of,.inventor
y.,.Answer:, . TRUE
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

3) Retailers,.sell,.their,.products,.to,.consumer
s.,.Answer:, . TRUE
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

4) Merchandising,.companies,.include,.both,.wholesalers,.and,.retailer
s.,.Answer:, . TRUE
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2

2
Copyright,.©,.2018,.Pearson,.Education,,.Inc
.
mynursytest.store

,DOWNLOAD,.THE,.Test,.Bank,.for,.Managerial,.Accounting,.5th,.Edition,.Bra
un

AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

5) All,.companies,.have,.the,.same,.types,.of,.inventorie
s.,.Answer:, . FALSE
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.




3
Copyright,.©,.2018,.Pearson,.Education,,.Inc
.
mynursytest.store

, DOWNLOAD,.THE,.Test,.Bank,.for,.Managerial,.Accounting,.5th,.Edition,.Bra
un


6) Only,.manufacturing,.companies,.have,.finished,.goods,.inventor
y.,.Answer:, . TRUE
Diff:,.2
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

7) Which,.of,.the,.following,.are,.merchandising,.companies?
A) Manufacturers
B) Retailers
C) Wholesalers
D) Both,.retailers,.and,.wholesaler
s,.Answer:, . D
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Analytical,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

8) Which,.of,.the,.following,.types,.of,.companies,.has,.raw,.materials,,.work,.in,.process,.and,.finished,.g
oods,.inventory?
A) Retailers
B) Manufacturers
C) Wholesalers
D) Service,.companie
s,.Answer:, . B
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.

9) Which,.type,.of,.company,.makes,.up,.the,.largest,.sector,.of,.the,.United,.States,.economy?
A) Manufacturers
B) Merchandising
C) Wholesalers
D) Service,.companie
s,.Answer:, . D
Diff:,.1
LO:, . 2-
1,.EOC:,. S2-
2
AACSB:, . Reflective,.thinking
Learning,.Outcome:, . Describe,.the,.basics,.of,.managerial,.accounting,.and,.its,.function,.within,.an,.organization.




4
Copyright,.©,.2018,.Pearson,.Education,,.Inc
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