Test Bank
Accounting For Decision Making And Control
By Jerald Zimmerman
10th Edition
,Table Of Content
Ch. 1 Introduction
Ch. 2 The Nature Of Costs
Ch. 3 Opportunity Cost Of Capital And Capital Budgeting
Ch. 4 Organizational Architecture
Ch. 5 Responsibility Accounting And Transfer Pricing
Ch. 6 Budgeting
Ch. 7 Cost Allocation: Theory
Ch. 8 Cost Allocation: Practices
Ch. 9 Absorption Cost Systems
Ch. 10 Criticisms Of Absorption Cost Systems: Incentive To Overproduce
Ch. 11 Criticisms Of Absorption Cost Systems: Inaccurate Product Costs
Ch. 12 Standard Costs: Direct Labor And Materials
Ch. 13 Overhead And Marketing Variances
Ch. 14 Management Accounting In A Changing Environment
, Chapter 01 Test Bank – Static Key
Multiple Choice Questions
1. The Firm's Information System:
A. Is Always A Single Integrated System
B. Includes Only Financial Information
C. May Include Other Information Such As Customer Satisfaction Surveys, In Addition To Financial
Information
D. Is Less Important As A Firm Grows In Size
E. None Of The Above
The Firm's Information System Includes Many Kinds Of Financial And Non-Financial Information.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Leveraging Technology
Blooms:
Remember
Difficulty:
1 Easy
Topic: Managerial Accounting: Decision Making And Control
2. Identify All The Correct Statements:
A. Managers Naturally Seek To Maximize Shareholders' Wealth
B. Managers Act In Their Own Interests, And So There Is No Way To Align Their Interests With Those Of The
Owners
C. To Motivate Managers In Non-Profit Firms, No Employee Incentives Are Needed
D. To Align The Interests Of Managers And Owners, Owners Must Design Systems To Monitor And
Reward Management Behavior That Increases The Firm's Profits
E. None Of The Above
To Minimize Conflicts Between The Economic Interests Of Managers And Owners, The Owners Need
Both Systems To Monitor The Manager's Performance And Systems Of Rewards Or Incentives.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
, Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Decision Making
Aicpa: Fn Risk
Analysis Blooms:
Remember
Difficulty: 1 Easy
Topic: Management Accountant's Role
In The Organization Topic: Managerial
Accounting: Decision Making And Ontrol
3. An Internal Accounting System Should:
A. Provide Information To Enable Costs To Be Minimized
B. Provide Financial Accounting Data For External Reporting Purposes
C. Provide Management Accounting Information For Decision-Making
D. Provide Data For Tax Purposes
E. All Of The Above
A Well Designed Internal Accounting System Should Provide Data For External Purposes, Such As
Financial Reporting And Tax, As Well As Internal Purposes Such As Cost Control, Assessing
Performance And Determining Rewards. It Is Economically Inefficient To Maintain Multiple Accounting
Systems.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Decision Making
Blooms:
Remember
Difficulty:
1 Easy
Topic: Design And Use Of Cost Systems
4. Economic Darwinism:
A. Explains Why Firms Persist In Inefficient Behavior
B. Explains Why Some Inefficient Accounting Practices Persist
C. Explains Why Marmots Eat Bears
D. Explains Why Bears Eat Marmots
Accounting For Decision Making And Control
By Jerald Zimmerman
10th Edition
,Table Of Content
Ch. 1 Introduction
Ch. 2 The Nature Of Costs
Ch. 3 Opportunity Cost Of Capital And Capital Budgeting
Ch. 4 Organizational Architecture
Ch. 5 Responsibility Accounting And Transfer Pricing
Ch. 6 Budgeting
Ch. 7 Cost Allocation: Theory
Ch. 8 Cost Allocation: Practices
Ch. 9 Absorption Cost Systems
Ch. 10 Criticisms Of Absorption Cost Systems: Incentive To Overproduce
Ch. 11 Criticisms Of Absorption Cost Systems: Inaccurate Product Costs
Ch. 12 Standard Costs: Direct Labor And Materials
Ch. 13 Overhead And Marketing Variances
Ch. 14 Management Accounting In A Changing Environment
, Chapter 01 Test Bank – Static Key
Multiple Choice Questions
1. The Firm's Information System:
A. Is Always A Single Integrated System
B. Includes Only Financial Information
C. May Include Other Information Such As Customer Satisfaction Surveys, In Addition To Financial
Information
D. Is Less Important As A Firm Grows In Size
E. None Of The Above
The Firm's Information System Includes Many Kinds Of Financial And Non-Financial Information.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Leveraging Technology
Blooms:
Remember
Difficulty:
1 Easy
Topic: Managerial Accounting: Decision Making And Control
2. Identify All The Correct Statements:
A. Managers Naturally Seek To Maximize Shareholders' Wealth
B. Managers Act In Their Own Interests, And So There Is No Way To Align Their Interests With Those Of The
Owners
C. To Motivate Managers In Non-Profit Firms, No Employee Incentives Are Needed
D. To Align The Interests Of Managers And Owners, Owners Must Design Systems To Monitor And
Reward Management Behavior That Increases The Firm's Profits
E. None Of The Above
To Minimize Conflicts Between The Economic Interests Of Managers And Owners, The Owners Need
Both Systems To Monitor The Manager's Performance And Systems Of Rewards Or Incentives.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
, Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Decision Making
Aicpa: Fn Risk
Analysis Blooms:
Remember
Difficulty: 1 Easy
Topic: Management Accountant's Role
In The Organization Topic: Managerial
Accounting: Decision Making And Ontrol
3. An Internal Accounting System Should:
A. Provide Information To Enable Costs To Be Minimized
B. Provide Financial Accounting Data For External Reporting Purposes
C. Provide Management Accounting Information For Decision-Making
D. Provide Data For Tax Purposes
E. All Of The Above
A Well Designed Internal Accounting System Should Provide Data For External Purposes, Such As
Financial Reporting And Tax, As Well As Internal Purposes Such As Cost Control, Assessing
Performance And Determining Rewards. It Is Economically Inefficient To Maintain Multiple Accounting
Systems.
Aacsb: Knowledge
Application Accessibility:
Keyboard Navigation
Accessibility: Screen
Reader Compatible
Aicpa: Bb
Industry Aicpa: Fn
Decision Making
Blooms:
Remember
Difficulty:
1 Easy
Topic: Design And Use Of Cost Systems
4. Economic Darwinism:
A. Explains Why Firms Persist In Inefficient Behavior
B. Explains Why Some Inefficient Accounting Practices Persist
C. Explains Why Marmots Eat Bears
D. Explains Why Bears Eat Marmots
