1. What is the goal of managerial accounting?

2. In a performance report, current-period performance is compared with some benchmark. What might be a useful benchmark?

3. What are the three differences between financial and managerial accounting.

4. What are the 3 examples of nonmonetary information that might appear in a managerial accounting report.

5. What is the difference between fixed and variable costs.

6. Consider the manager of the groceries department at a Walmart store location. For this manager, what is a cost that is controllable and a cost that is noncontrollable

7. What is incremental analysis? How is the concept used in decision making?

8. What is meant by the statement "You get what you measure!"?

9. How have changes in information technology impacted management of the value chain?

10. If an action is legal, is it necessarily ethical? and why.