40 Free Test Bank for Managerial ACCT2 2nd Edition by Sawyers 

40 Free test bank for Managerial ACCT2 2nd Edition by Sawyers Multiple Choice Questions is primarily practiced online and 100% completely free for everyone. Students will study the basic knowledge and practice of professional management accounting test bank which is needed in any companies. Besides, quick-response questions concentrated on accounting are relevant to each case in the textbook. So, free from worry because this is what your teacher wants you to practice before close coming exam!

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The main focus of managerial accounting is:

•  decision making.
•  the preparation of financial statements.
•  the preparation of budgets.
•  documenting cash flows.

Which of the following is not one of the three primary activities of managers?

•  Budgeting activities
•  Planning activities
•  Operating activities
•  Controlling activities

Which of the following statements is true?

•  External and internal users of accounting information have exactly the same information needs.
•  Financial accounting is less flexible than managerial accounting.
•  Page 1 of 7 Managerial accounting provides the best information to external users.
•  Managerial accounting emphasizes on the organization as a whole more than financial accounting.

____ decides whether a company should borrow money or issue stock as a way to raise capital.

•  Human resource manager
•  Operations/production manager
•  Finance manager
•  Marketing manager

Which of the following is a characteristic of managerial accounting?

•  It is used primarily by external users.
•  It often lacks flexibility.
•  It is often future-oriented.
•  The information it provides is extremely precise.

Which manager activity would address the decision on whether or not to accept a special order within the next few days?

•  Sales activity
•  Strategic planning activity
•  Operating activity
•  Controlling activity.

____ involve(s) the development of short-terms objectives and goals.

•  Controlling activities
•  Strategic planning
•  Operational planning
•  Financial activities

An example of quantitative data is:

•  company reputation.
•  number of customer complaints.
•  Employee satisfaction.
•  product quality.

A company's decision on where to locate a new factory is most likely a result of:

•  operating activities.
•  operational planning.
•  strategic planning.
•  controlling activities.

Decision-makers should consider:

•  only qualitative factors.
•  only quantitative factors.
•  both quantitative and qualitative factors.
•  only sunk costs.

Which of the following is not true about knowledge in the business environment?

•  It is the same as data or information.
•  It is the value added from shared information.
•  It includes both quantitative and qualitative information.
•  It must be managed in order for a company to remain competitive.

Which of the following is not an example of an external user of accounting information?

•  Potential and existing stockholders
•  Government taxing agencies
•  Potential and existing creditors
•  Management

ERP systems capture:

•  only qualitative data.
•  only quantitative data.
•  both qualitative and quantitative data.
•  the same information as traditional accounting information systems.

Which of the following statements is not true regarding enterprise resource planning (ERP)?

•  It integrates traditional accounting information systems with other information systems.
•  It can be customized to provide specific and relevant information to different types of users.
•  It has evolved in the past few years to address the shortcomings of traditional accounting information systems.
•  It captures quantitative but not qualitative information.

Which of the following is an example of an internal user of accounting information?

•  Suppliers
•  Creditors
•  Managers
•  Federal tax agency

Which of the following is true regarding managerial accounting?

•  It often emphasizes on segments rather than the organization as a whole.
•  It must be prepared as according to generally accepted accounting principles.
•  Its primary focus is on providing information to external users.
•  It is less flexible than financial accounting.

____ decides how much inventory should be kept on hand by the business.

•  Finance manager
•  Operations/production manager
•  Marketing manager
•  Human resource manager

____ addresses long-term questions of how a company distinguishes itself from its competitors.

•  Operational planning
•  Strategic planning
•  Internal planning
•  Financial planning

All of the following are examples of operating activities except:

•  decisions on whether or not to schedule overtime for employees.
•  decisions on what price to charge for a product.
•  decisions on whether or not to accept a special order.
•  decisions on whether actual outcomes were similar to desired outcomes.

An example of qualitative data is:

•  warranty claims.
•  customer satisfaction.
•  net income.
•  budgeted hours.