1(a). To be useful to management, accounting information must: A. be prepared in accordance with GAAP B. Have potential to affect decisions and influence behavior. C. be completely accurate D. Be in teh form of financial statments

1(b). Mangement accounting information is sometimes used for: A legitimzing and rationalizing organizational activies B. Giving power to certain interest groups within the organization. C. Justifying actions that have already taken place for other than financial reasons. D. All of the above

1(c). Cost accounting is concerned with A. min the cost associated with the management accounting system B. Cost accumulation for inventory valuation to meet external financial reporting requirments C. Internal financial reporting requirements D. Minimizing costs for inventory valuation in the external financial reports

1(d). TQM A. is useful for manufactuing firms but not for services B. Emaphsizes determing the cost of waste in the manufactuing process C. empasizes manufaturing products without defeats. D. Relies heavily on information genrated by the financial accounting information system