WGU C213 TOPICS 9-10 QUIZZES QUESTIONS
Good management accounting is motivated by:
- Government regulators
- Accounting rules
- Management's desire to improve
- All of these are correct - Answers - Management's desire to improve
Production prioritizing is: - Answers - The continual evaluation of the profitability of the
various product lines and divisions.
The control of operations involves all the following procedures EXCEPT:
- Tracking actual performance
- Analyzing results
- Creating performance measures
- Establishing expectations - Answers - Analyzing results
Which of the following principles are the LEAST uniform and are NOT mandatory?
- Financial reporting principles
- Tax reporting principles
- All of these are equally uniform and mandatory
- Management accounting principles - Answers - Management accounting principles
The first step in management planning is: - Answers - Defining the problem
With regard to a particular company, which of the following groups generally has the
widest variety of decisions to make? - Answers - Managers
Which of the following would NOT be included in manufacturing overhead?
- Factory utilities
- Direct labor
- Indirect materials
- Factory fire insurance - Answers - Direct labor
You want to go skiing for the day. The cost of the lift ticket would be considered a(n): -
Answers - Out-of-pocket cost
You currently work as a machinist in a factory. Your salary is $15 per hour. You are
thinking about quitting your job and going back to college. It will take you two years to
obtain your college degree. Tuition and other costs of the education will total $21,000.
You spent $9,000 preparing to be a machinist. In considering whether to go back to
school, the $9,000 of prior training is a(n): - Answers - Sunk cost
Good management accounting is motivated by:
- Government regulators
- Accounting rules
- Management's desire to improve
- All of these are correct - Answers - Management's desire to improve
Production prioritizing is: - Answers - The continual evaluation of the profitability of the
various product lines and divisions.
The control of operations involves all the following procedures EXCEPT:
- Tracking actual performance
- Analyzing results
- Creating performance measures
- Establishing expectations - Answers - Analyzing results
Which of the following principles are the LEAST uniform and are NOT mandatory?
- Financial reporting principles
- Tax reporting principles
- All of these are equally uniform and mandatory
- Management accounting principles - Answers - Management accounting principles
The first step in management planning is: - Answers - Defining the problem
With regard to a particular company, which of the following groups generally has the
widest variety of decisions to make? - Answers - Managers
Which of the following would NOT be included in manufacturing overhead?
- Factory utilities
- Direct labor
- Indirect materials
- Factory fire insurance - Answers - Direct labor
You want to go skiing for the day. The cost of the lift ticket would be considered a(n): -
Answers - Out-of-pocket cost
You currently work as a machinist in a factory. Your salary is $15 per hour. You are
thinking about quitting your job and going back to college. It will take you two years to
obtain your college degree. Tuition and other costs of the education will total $21,000.
You spent $9,000 preparing to be a machinist. In considering whether to go back to
school, the $9,000 of prior training is a(n): - Answers - Sunk cost
