DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
ManagerialcAccounting,c5ec(Brauncetcal.)
Chapterc2c c BuildingcBlockscofcManagerialcAccounting
2.1 Distinguishcamongcservice,cmerchandising,candcmanufacturingccompanies
1) Serviceccompaniescmustccarrycaclargecamountcofcinventoryctocmeetcconsumercdemand.c
Answer:c FALSE
Diff:c1
LO:c 2-
1cEOC:c S2-
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
2) Manufacturingccompaniescusuallychavecthreectypescofcinventory.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
3) Retailerscsellctheircproductsctocconsumers.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
4) Merchandisingccompaniescincludecbothcwholesalerscandcretailers.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
5) Allccompanieschavecthecsamectypescofcinventories.c
Answer:c FALSE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
1
Copyrightc©c2018cPearsoncEducation,cInc.
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,DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
6) Onlycmanufacturingccompanieschavecfinishedcgoodscinventory.c
Answer:c TRUE
Diff:c2
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
7) Whichcofcthecfollowingcarecmerchandisingccompanies?
A) Manufacturers
B) Retailers
C) Wholesalers
D) Bothcretailerscandcwholesalersc
Answer:c D
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Analyticalcthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
8) Whichcofcthecfollowingctypescofccompanieschascrawcmaterials,cworkcincprocesscandcfinishedcgoodsci
nventory?
A) Retailers
B) Manufacturers
C) Wholesalers
D) Serviceccompanies
cAnswer:c B
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
9) WhichctypecofccompanycmakescupctheclargestcsectorcofcthecUnitedcStatesceconomy?
A) Manufacturers
B) Merchandising
C) Wholesalers
D) Serviceccompanies
cAnswer:c D
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
2
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
10) Thecbalancecsheetcofcacserviceccompanychas
A) rawcmaterialscinventory.
B) littlecorcnocinventory.
C) threeccategoriescofcinventory.
D) twoccategoriescofcinventory.c
Answer:c B
Diff:c1
LO:c 2-
1cEOC:c S2-1
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
11) Schlabigc&cAssociates,cacpubliccaccountingcfirmcthatcprovidescbusinesscconsultingctocacconsumer,cisc
whatctypecofccompany?
A) Manufacturer
B) Retailer
C) Service
D) Wholesaler
cAnswer:c CcDi
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
12) JiffycLube,cancautomotivecmaintenanceccompany,ciscprimarilycwhatctypecofccompany?
A) Manufacturer
B) Retailer
C) Wholesaler
D) Servicec
Answer:c D
cDiff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
13) Amongcothercproducts,cNabiscocmakescOreoccookies.cWhichctypecofccompanyciscNabisco?
A) Service
B) Manufacturer
C) Retailer
D) Wholesaler
cAnswer:c BcDi
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
3
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
, DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
14) Whichctypecofccompanyctypicallycproducescitscowncinventory?
A) Manufacturer
B) Serviceccompany
C) Retailer
D) Wholesaler
cAnswer:c Ac Di
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
15) Beforecthesecmaterialscarecusedctocmanufacturecitsccars,cToyotacclassifiescsteel,cglass,candcplasticcas
A) rawcmaterialscinventory.
B) finishedcgoodscinventory.
C) workcincprocesscinventory.
D) merchandisecinventory.
Answer:c A
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
16) Beforecthesecmaterialscarecusedctocmanufactureccabinets,cacwoodworkercclassifiesclumber,cpaint,candc
gluecas
A) finishedcgoodscinventory.
B) workcincprocesscinventory.
C) rawcmaterialscinventory.
D) merchandisecinventory.
Answer:c C
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
17) Macy'sc(thecdepartmentcstorecchain)cclassifiescitscclothingcheldcforcsalecas
A) merchandisec inventory.
B) rawcmaterialscinventory.
C) workcincprocesscinventory.
D) finishedcgoodscinventory.
cAnswer:c A
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
4
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
c c c c c c c c c
ManagerialcAccounting,c5ec(Brauncetcal.)
Chapterc2c c BuildingcBlockscofcManagerialcAccounting
2.1 Distinguishcamongcservice,cmerchandising,candcmanufacturingccompanies
1) Serviceccompaniescmustccarrycaclargecamountcofcinventoryctocmeetcconsumercdemand.c
Answer:c FALSE
Diff:c1
LO:c 2-
1cEOC:c S2-
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
2) Manufacturingccompaniescusuallychavecthreectypescofcinventory.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
3) Retailerscsellctheircproductsctocconsumers.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
4) Merchandisingccompaniescincludecbothcwholesalerscandcretailers.c
Answer:c TRUE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
5) Allccompanieschavecthecsamectypescofcinventories.c
Answer:c FALSE
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
1
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
6) Onlycmanufacturingccompanieschavecfinishedcgoodscinventory.c
Answer:c TRUE
Diff:c2
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
7) Whichcofcthecfollowingcarecmerchandisingccompanies?
A) Manufacturers
B) Retailers
C) Wholesalers
D) Bothcretailerscandcwholesalersc
Answer:c D
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Analyticalcthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
8) Whichcofcthecfollowingctypescofccompanieschascrawcmaterials,cworkcincprocesscandcfinishedcgoodsci
nventory?
A) Retailers
B) Manufacturers
C) Wholesalers
D) Serviceccompanies
cAnswer:c B
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
9) WhichctypecofccompanycmakescupctheclargestcsectorcofcthecUnitedcStatesceconomy?
A) Manufacturers
B) Merchandising
C) Wholesalers
D) Serviceccompanies
cAnswer:c D
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
2
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
,DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
10) Thecbalancecsheetcofcacserviceccompanychas
A) rawcmaterialscinventory.
B) littlecorcnocinventory.
C) threeccategoriescofcinventory.
D) twoccategoriescofcinventory.c
Answer:c B
Diff:c1
LO:c 2-
1cEOC:c S2-1
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
11) Schlabigc&cAssociates,cacpubliccaccountingcfirmcthatcprovidescbusinesscconsultingctocacconsumer,cisc
whatctypecofccompany?
A) Manufacturer
B) Retailer
C) Service
D) Wholesaler
cAnswer:c CcDi
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
12) JiffycLube,cancautomotivecmaintenanceccompany,ciscprimarilycwhatctypecofccompany?
A) Manufacturer
B) Retailer
C) Wholesaler
D) Servicec
Answer:c D
cDiff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
13) Amongcothercproducts,cNabiscocmakescOreoccookies.cWhichctypecofccompanyciscNabisco?
A) Service
B) Manufacturer
C) Retailer
D) Wholesaler
cAnswer:c BcDi
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
3
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
, DOWNLOAD THE Test Bank for Managerial Accounting 5th Edition Braun
c c c c c c c c c
14) Whichctypecofccompanyctypicallycproducescitscowncinventory?
A) Manufacturer
B) Serviceccompany
C) Retailer
D) Wholesaler
cAnswer:c Ac Di
ff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
15) Beforecthesecmaterialscarecusedctocmanufacturecitsccars,cToyotacclassifiescsteel,cglass,candcplasticcas
A) rawcmaterialscinventory.
B) finishedcgoodscinventory.
C) workcincprocesscinventory.
D) merchandisecinventory.
Answer:c A
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
16) Beforecthesecmaterialscarecusedctocmanufactureccabinets,cacwoodworkercclassifiesclumber,cpaint,candc
gluecas
A) finishedcgoodscinventory.
B) workcincprocesscinventory.
C) rawcmaterialscinventory.
D) merchandisecinventory.
Answer:c C
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
17) Macy'sc(thecdepartmentcstorecchain)cclassifiescitscclothingcheldcforcsalecas
A) merchandisec inventory.
B) rawcmaterialscinventory.
C) workcincprocesscinventory.
D) finishedcgoodscinventory.
cAnswer:c A
Diff:c1
LO:c 2-
1cEOC:c S2-2
AACSB:c Reflectivecthinking
LearningcOutcome:c Describecthecbasicscofcmanagerialcaccountingcandcitscfunctioncwithincancorganization.
4
Copyrightc©c2018cPearsoncEducation,cInc.
mynursytest.store
