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,TesT Bank For zl zl
Managerial Accounting The Cornerstone of Business Decision Making 9th Edition by Maryanne M.
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Mowen, Don R. Hansen, Dan L. Heitger Copyright 2026
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Chapter 1-14 zl
Ch01 - Introduction to Managerial Accounting
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True / False
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1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
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decision making. zl
a. True
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b. False zl
ANSWER: False
RATIONALE: The managerial activity of monitoring a plan's implementation and taking corrective action as zl zl zl zl zl zl zl zl zl zl zl zl
needed is referred to as controlling. zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False zl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS: zl United States - AK - ACBSP: APC-26 - Management Functions zl zl zl zl zl zl zl zl zl
United States - AK - AICPA: FN-Decision Modeling zl zl zl zl zl zl zl
United States - AK - IMA: Decision Analysis zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
2. The process of choosing among competing alternatives is called decision making.
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a. True
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b. False zl
ANSWER: True
RATIONALE: The process of choosing among competing alternatives is called decision making. zl zl zl zl zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False zl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS: zl United States - AK - ACBSP: APC-26 - Management Functions zl zl zl zl zl zl zl zl zl
United States - AK - AICPA: FN-Decision Modeling zl zl zl zl zl zl zl
United States - AK - IMA: Decision Analysis zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
3. Managerial accounting information is not important for not-for-profit organizations.
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a. Truezl
b. False zl
ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations. zl zl zl zl zl zl zl zl zl
Copyright Cengage Learning. Powered by Cognero.
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POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False
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LEARNING OBJECTIVES: zl z l MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting. zl zl zl zl zl zl zl
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting
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United States - AK - IMA: Cost Management
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KEYWORDS: Bloom's: Understand zl
4. Management accounting information is used only by manufacturing organizations.
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a. True
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b. False
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ANSWER: False
RATIONALE: Management accounting information is used by all manufacturing, merchandising, and zl zl zl zl zl zl zl zl zl
service organizations. zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
5. Managerial accounting is designed primarily for internal users.
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a. True
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b. False
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ANSWER: True
RATIONALE: Managerial accounting is the provision of accounting information for a company’s internal
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users.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
6. Managerial accounting emphasizes the future.
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a. True
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b. False
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ANSWER: True
RATIONALE: Although managerial accounting records and reports events that have already occurred, it
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Copyright Cengage Learning. Powered by Cognero.
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strongly emphasizes providing information about future events. zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / Falsezl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. zl
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
7. GAAP governs financial accounting.
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a. True
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b. False
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ANSWER: True
RATIONALE: Financial accounting is subject to externally imposed rules (e.g., GAAP and SEC zl zl zl zl zl zl zl zl zl zl zl
regulations).
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. zl
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Reporting zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
8. The value chain is the set of activities required to design, develop, produce, market, and deliver products and services to
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customers.
a. True
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b. False
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ANSWER: True
RATIONALE: The value chain is the set of activities required to design, develop, produce, market, and
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deliver products and services, as well as provide support services to customers. zl zl zl zl zl zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-03 - Explain the current focus of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: BB-Resource Management zl zl zl zl zl zl zl
United States - AK - IMA: Strategic Planning zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
9. Time is not a crucial element in all phases of the value chain.
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a. True
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Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 3
zl
,TesT Bank For zl zl
Managerial Accounting The Cornerstone of Business Decision Making 9th Edition by Maryanne M.
zl zl zl zl zl zl zl zl zl zl zl zl
Mowen, Don R. Hansen, Dan L. Heitger Copyright 2026
zl zl zl zl zl zl zl zl
Chapter 1-14 zl
Ch01 - Introduction to Managerial Accounting
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True / False
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1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
decision making. zl
a. True
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b. False zl
ANSWER: False
RATIONALE: The managerial activity of monitoring a plan's implementation and taking corrective action as zl zl zl zl zl zl zl zl zl zl zl zl
needed is referred to as controlling. zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False zl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS: zl United States - AK - ACBSP: APC-26 - Management Functions zl zl zl zl zl zl zl zl zl
United States - AK - AICPA: FN-Decision Modeling zl zl zl zl zl zl zl
United States - AK - IMA: Decision Analysis zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
2. The process of choosing among competing alternatives is called decision making.
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a. True
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b. False zl
ANSWER: True
RATIONALE: The process of choosing among competing alternatives is called decision making. zl zl zl zl zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False zl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS: zl United States - AK - ACBSP: APC-26 - Management Functions zl zl zl zl zl zl zl zl zl
United States - AK - AICPA: FN-Decision Modeling zl zl zl zl zl zl zl
United States - AK - IMA: Decision Analysis zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
3. Managerial accounting information is not important for not-for-profit organizations.
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a. Truezl
b. False zl
ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations. zl zl zl zl zl zl zl zl zl
Copyright Cengage Learning. Powered by Cognero.
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POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False
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LEARNING OBJECTIVES: zl z l MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting. zl zl zl zl zl zl zl
NATIONAL STANDARDS: zl z l United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting
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United States - AK - IMA: Cost Management
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KEYWORDS: Bloom's: Understand zl
4. Management accounting information is used only by manufacturing organizations.
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a. True
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b. False
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ANSWER: False
RATIONALE: Management accounting information is used by all manufacturing, merchandising, and zl zl zl zl zl zl zl zl zl
service organizations. zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
5. Managerial accounting is designed primarily for internal users.
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a. True
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b. False
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ANSWER: True
RATIONALE: Managerial accounting is the provision of accounting information for a company’s internal
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users.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: zl True / False zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-01 - Explain the meaning of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
6. Managerial accounting emphasizes the future.
zl zl zl zl zl
a. True
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b. False
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ANSWER: True
RATIONALE: Although managerial accounting records and reports events that have already occurred, it
zl zl zl zl zl zl zl zl zl zl zl
Copyright Cengage Learning. Powered by Cognero.
zl zl zl zl zl Page 2
zl
,zl
strongly emphasizes providing information about future events. zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / Falsezl zl zl
LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. zl
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Cost Management zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Understand zl
7. GAAP governs financial accounting.
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a. True
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b. False
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ANSWER: True
RATIONALE: Financial accounting is subject to externally imposed rules (e.g., GAAP and SEC zl zl zl zl zl zl zl zl zl zl zl
regulations).
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-02 - Explain the differences between managerial accounting and
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financial accounting. zl
NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: FN-Reporting zl zl zl zl zl zl
United States - AK - IMA: Reporting zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
8. The value chain is the set of activities required to design, develop, produce, market, and deliver products and services to
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customers.
a. True
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b. False
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ANSWER: True
RATIONALE: The value chain is the set of activities required to design, develop, produce, market, and
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deliver products and services, as well as provide support services to customers. zl zl zl zl zl zl zl zl zl zl zl
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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LEARNING OBJECTIVES: MANG.MOWE.9e.26.01-03 - Explain the current focus of managerial accounting.
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NATIONAL STANDARDS: United States - BUSPROG: Analytic
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STATE STANDARDS:
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United States - AK - AICPA: BB-Resource Management zl zl zl zl zl zl zl
United States - AK - IMA: Strategic Planning zl zl zl zl zl zl zl
KEYWORDS: Bloom's: Remember zl
9. Time is not a crucial element in all phases of the value chain.
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a. True
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Copyright Cengage Learning. Powered by Cognero.
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