TEST BANK FOR Management Accounting 5th Edition by Leslie G. Eldenburg , Albie Brooks ISBN:978-1394263509 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!!! NEW LATEST UPDATE!!!!!!!!

,Chapter 1: The role of accounting information in management decisio
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n making
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True/false questions HK




1. A vision statement is a theoretical description of what an organisation should become.
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*a. True HK


b. False
HK




Correct answer: a
HK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


2. An organisational vision is a short-term plan for maximising financial results.
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a. True
*b. False HK




Correct answer: b
HK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


3. Most organisations have one stakeholder.
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a. True
*b. False HK




Correct answer: b
HK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


4. Organisational core competencies unrelated to the organisational vision.
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a. True
*b. False HK




Correct answer: b
HK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation



1.2

,5. Organisational strategies are the tactics that managers use to take advantage o
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f core competencies while working towards the organisational vision.
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*a. True HK


b. False
HK




Correct answer: aHK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


6. Most organisations have databases that contain information collected formall
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y or informally from internal sources only.
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a. True
*b. False
HK




Correct answer: bHK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


7. Desirable employee behaviour can be motivated by tying employee perform
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ance evaluation and pay to long-term or short-term results.
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*a. True HK


b. False
HK




Correct answer: aHK HK


Learning objective 1.1 ~ Recognise the types of decisions managers make for an org
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anisation


8. Organisational information systems only collect accounting information.
HK HK HK HK HK HK




a. True
*b. False HK




Correct answer: bHK HK


Learning objective 1.2 ~ Discuss the role of cost and management accounting inform
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ation in management decision making
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1.3

, 9. Cost accounting information is used for both management accounting and fin
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ancial accounting activities.
HK HK




*a. True HK


b. False
HK




Correct answer: a
HK HK


Learning objective 1.2 ~ Discuss the role of cost and management accounting inform
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ation in management decision making
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10. Management accounting is the process of gathering, summarising and repo
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rting financial and non-
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financial information used internally to make decisions.
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*a. True HK


b. False
HK




Correct answer: a
HK HK


Learning objective 1.2 ~ Discuss the role of cost and management accounting inform
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ation in management decision making
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11. Intellectual capital is a type of financial resource that is captured by the organis
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ation’s information system.
HK HK




a. True
*b. False HK




Correct answer: b
HK HK


Learning objective 1.2 ~ Discuss the role of cost and management accounting inform
HK HK HK HK HK HK HK HK HK HK HK HK


ation in management decision making
HK HK HK HK




12. It is easy to differentiate between internal and external reports.
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a. True
*b. False HK




Correct answer: b
HK HK


Learning objective 1.2 ~ Discuss the role of cost and management accounting inform
HK HK HK HK HK HK HK HK HK HK HK HK


ation in management decision making
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1.4