MULTIPLE CHOICE QUESTIONS

1. The use and importance of managerial accounting is growing in each of the following areas except for

a. Enterprise risk management.

b. Nanotechnology advancements.

c. Corporate sustainability reporting.

d. Quality accounting.

e. Lean accounting.

2. An effective managerial accounting system should track information about an organization's activities in which of the following areas?

a. Development

b. Marketing

c. Production

d. Design

e. All of these.

3. Which of the following is not a common form of certification for managerial accountants?

a. Certificate in Internal Auditing

b. Certificate in External Auditing

c. Certificate in Public Accounting

d. Certificate in Management Accounting

4. The objective of profit maximization should be constrained by the requirement that profits be achieved through

a. Legal means only.

b. Ethical means only.

c. Any means possible.

d. Both legal and ethical means.

e. None of these.