Hilton--ManagerialAccounting9e.doc-TestBankWizard.docVIP

Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment ?  True / False Questions ? 1.?Controlling involves the coordination of daily business functions within an organization.?True????False ? 2.?Measuring the performance of managers and subunits is not an objective of managerial accounting.?True????False ? 3.?Middle-level managers would likely be considered internal users of accounting information rather than external users.?True????False ? 4.?A controller is normally involved with preparing financial statements.?True????False ? 5.?The upper limit on the production of goods and services if everything works perfectly is known as practical capacity.?True????False ? ?  Multiple Choice Questions ? 6.?Which of the following statements about managerial accountants is false??A.?Managerial accountants more and more are considered business partners.B.?Managerial accountants often are part of cross-functional teams.C.?An increasing number of organizations are segregating managerial accountants in separate managerial-accounting departments.D.?In a number of companies, managerial accountants make significant business decisions and resolve operating problems.E.?The role of managerial accountants has changed considerably over the past decade. ? 7.?The day-to-day work of management teams will typically comprise all of the following activities except:?A.?decision making.B.?planning.C.?cost minimizing.D.?directing operational activities.E.?controlling. ? 8.?Which of the following functions is best described as choosing among available alternatives??A.?Decision making.B.?Planning.C.?Directing operational activities.D.?Controlling.E.?Budgeting. ? 9.?Which of the following managerial functions involves a detailed financial and operational description of anticipated operations??A.?Decision making.B.?Planning.C.?Directing operational activities.D.?Controlling.E.?Measuring. ? 10.?Which of the following involves the coordinat