1. Which of the following are a manager's four primary responsibilities? A. Budgeting, Directing, Controlling, Decision-Making B. Budgeting, Planning, Controlling, Decision-Making C. Planning, Directing, Controlling, Decision-Making D. Budgeting, Planning, Directing, Controlling 2. Which of the following is an example of controlling? A. Management decides to open a new storage facility in Canada. B. After comparing budget to actual, management adjusts its plan to keep the company on goal. C. After reviewing the daily sales, management revises its staffing schedule. D. Management sets goals to meet in the next fiscal year. 3. 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. 4 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. 5. Which of the following functions is best described as choosing among available alternatives? A. Decision making. B. Planning C. Directing operational activities. D. Controlling