Tuesday, April 14, 2015

98 Free Test Bank for Introduction to Management Accounting 16th Edition by Horngren

98 Free Test Bank for Introduction to Management Accounting 16th Edition by Horngren Multiple Choice Questions encourage students to understand key concepts in the textbook as well as day-by-day business application. Here is our system of free-response questions bank on managerial accounting to strengthen students’ ability in accounting study.
Please visit the link below to get full questions and answers:
Companies produce most ________ and ________ information on a routine basis such as every day, every month or every quarter.
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________ involves an analysis of alternative courses of action and the identification of the best course of action to follow.
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Which credential is associated with management accountants?
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Planning refers to ________.
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Investigating the reasons for the variances on a department's performance report is an example of ________.
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Which of the following organizations oversees the CMA Exam?
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An unfavorable variance occurs on a performance report when ________.
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________ is the field that produces information used primarily by managers within an organization.
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Generally Accepted Accounting Principles are most closely connected to ________.
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When comparing management accounting and financial accounting, which of the following statements is FALSE?
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The largest U.S. association of professional accountants whose major interest is management accounting is the ________.
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What type of information is used in making nonroutine decisions, such as the decision to replace a traditional assembly line with fully automated robots?
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Performance reports compare actual results to ________. Performance reports also report ________.
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A(n) ________ is a review to determine whether the policies and procedures specified by top management have been implemented by lower managers.
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The primary users of management accounting information are ________.
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A company is considering whether to change the mix of products sold. They think it would be more profitable to emphasize the products with the highest profit per unit. What type of information is needed to answer this question?
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How is accounting information prepared by management accountants used within an organization?
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Southern Chicken is expanding the menu items offered in order to increase profitability. Management will evaluate the profitability of each new menu item after six months. Menu items that are profitable will be retained and the others will be discontinued. On the part of management, the evaluation and subsequent actions after six months is an example of ________.
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________ is the field of accounting that develops information for external parties such as stockholders, suppliers, banks and governmental regulatory bodies.
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________ information helps managers focus on operating problems, imperfections, inefficiencies and opportunities.
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Starbucks experiments with adding ice cream sundaes to its menu at several stores in the state of Washington Financial reports are prepared showing revenues and costs for the new menu item. Based on the reports, management at the corporate office will then decide whether to permanently add or remove the new menu item. The financial reports are an example of ________ information.
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The Foreign Corrupt Practices Act requires ________.
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What are accounting systems?
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Who provides assurance to external users about the reliability of a company's financial statements?
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A company is unsure whether it is more cost efficient to make or buy a component used in a manufactured product that is mass produced. What type of information is needed to make this decision?
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________ is the classification, accumulation, and reporting of data that help users understand and evaluate organizational performance.
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Which of the following statements about management accounting is FALSE?
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Starbucks generates many financial reports to evaluate the operating performance of each store at the end of each quarter. The financial reports are an example of ________.
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Taco Bell wants to increase profitability of stores in the Midwest by adding new menu items and increasing advertising. This is an experiment and the company is unsure if these actions will be fruitful. On the part of management, this is an example of ________.
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