Type:
Test Bank
Resource:
Management Accounting
Edition:
4th Edition
Author(s):
Leslie G. Eldenburg Albie Brooks Judy Oliver Gillian Vesty Rodney Dormer Vijaya Murthy Nick Pawsey
Testbank to accompany
Management accounting 4th edition by Eldenburg et al.
Chapter 1: The role of accounting information in management decision making Not for distribution in full. Instructors may assign selected questions in their LMS.
Chapter 1: The role of accounting information in management decision making True/false questions 1. A vision statement is a theoretical description of what an organisation should become. *a. True b. False Correct answer: a Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
2. An organisational vision is a short-term plan for maximising financial results. a. True *b. False Correct answer: b Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
3. Most organisations have one stakeholder. a. True *b. False Correct answer: b Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
4. Organisational core competencies unrelated to the organisational vision. a. True *b. False Correct answer: b Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
.
1.2
Testbank to accompany: Management accounting 4e by Eldenburg et al.
5. Organisational strategies are the tactics that managers use to take advantage of core competencies while working towards the organisational vision. *a. True b. False Correct answer: a Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
6. Most organisations have databases that contain information collected formally or informally from internal sources only. a. True *b. False Correct answer: b Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
7. Desirable employee behaviour can be motivated by tying employee performance evaluation and pay to long-term or short-term results. *a. True b. False Correct answer: a Learning objective 1.1 ~ Recognise the types of decisions managers make for an organisation
8. Organisational information systems only collect accounting information. a. True *b. False Correct answer: b Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
.
1.3
Chapter 1: The role of accounting information in management decision making Not for distribution in full. Instructors may assign selected questions in their LMS.
9. Cost accounting information is used for both management accounting and financial accounting activities. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
10. Management accounting is the process of gathering, summarising and reporting financial and non-financial information used internally to make decisions. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making 11. Intellectual capital is a type of financial resource that is captured by the organisation’s information system. a. True *b. False Correct answer: b Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
12. It is easy to differentiate between internal and external reports. a. True *b. False Correct answer: b Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
.
1.4
Testbank to accompany: Management accounting 4e by Eldenburg et al.
13. The design of the management accounting system structure is influenced by both external and internal factors. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
14. Technological advances have allowed management accountants to develop previously infeasible cost and management accounting systems. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
15. GAAP stands for generally agreed accounting practices. a. True *b. False Correct answer: b Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
16. Only large established organisations require a management accounting function. a. True *b. False Correct answer: b Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
.
1.5
Chapter 1: The role of accounting information in management decision making Not for distribution in full. Instructors may assign selected questions in their LMS.
17. Relevant information helps decision makers evaluate and choose between alternative courses of action. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
18. Recent information system development has focussed on business intelligence and disruptive technologies and innovation. *a. True b. False Correct answer: a Learning objective 1.2 ~ Discuss the role of cost and management accounting information in management decision making
19. Higher quality information is more certain, complete, relevant, timely and valuable. *a. True b. False Correct answer: a Learning objective 1.3 ~ Communicate how managers can make higher-quality decisions using accounting information
20. The use of sophisticated information systems means that uncertainty is eliminated. a. True *b. False Correct answer: b Learning objective 1.3 ~ Communicate how managers can make higher-quality decisions using accounting information
.
1.6