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1. Which of the following statements about the management accountant's role in the decision-making process is/are true? i. The management accountant is primarily responsible for
1. Which of the following statements about the management accountant's role in the decision-making process is/are true? i. The management accountant is primarily responsible for selecting an alternative in the decision-making process. ii. The management account is primarily responsible for collecting the data in the decision-making process. iii. The management accountant is sometimes involved in developing a decision model in the decision-making process. A i B. i and ii .C. i and iii D. ii and iii 2. An accounting information system should be designed to provide useful information. To be useful the information must be: *A. qualitative not quantitative. B. unique and unavailable through other sources. C. historical in nature and not purport to predict the future. D. relevant, accurate and timely. 5. A special order generally should be accepted if: *A. its revenue exceeds allocated fixed costs, regardless of the variable costs associated with the order. B. excess capacity exists and the revenue exceeds all variable costs associated with the order. C. excess capacity exists and the revenue exceeds allocated fixed costs. D. the revenue exceeds variable costs, regardless of available capacity.
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