A number of terms that relate to organizations, the work of management, and the role of managerial
Question:
A number of terms that relate to organizations, the work of management, and the role of managerial accounting are listed below:
Choose the term or terms above that most appropriately complete the following statements.
1.____________________is concerned with providing information for the use of those who are inside the organization, whereas is concerned with providing informa- tion for the use of those who are outside the organization.
2.____________________consists of identifying alternatives, selecting from among the alter- natives the one that is best for the organization, and specifying what actions will be taken to implement the chosen alternative.
3. When____________________ managers oversee day-to-day activities and keep the organization functioning smoothly
4. The accounting and other reports coming to management that are used in controlling the organization are called____________________.
5. The delegation of decision-making authority throughout an organization by allowing managers at various operating levels to make key decisions relating to their area of responsibility is called____________________.
6. A position on the organization chart that is directly related to achieving the basic objectives of an organization is called a ____________________position.
7. A____________________. position provides service or assistance to other parts of the organization and does not directly achieve the basic objectives of the organization.
8. The manager in charge of the accounting department is generally known as the____________________.
9. The plans of management are expressed formally in____________________.
10. A detailed report to management comparing budgeted data to actual data for a specific time period is called a ____________________.
11.____________________The. is the member of the top management team who is responsible for providing timely and relevant data to support planning and control activities and for preparing financial statements for external users.
12. Managerial accounting places less emphasis on____________________and more emphasis on than financial accounting.
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