Management accountants help the management of an organization in their planning function through ________.

1. monitoring anti-theft systems
2. strategic planning
3. evaluating costs
4. analyzing profits

During the control function, the measurements taken of the performance must be accurate enough to see ________.

1. only positive results
2. deviations and variances
3. the primary focus
4. only the negative results

Managerial accounting produces information:

1. to meet the needs of external users
2. that is often focused on the future
3. to meet the needs of investors
4. that follows the rules of GAAP

Internal users of accounting information wouldnotinclude ________.

1. managers
2. employees
3. creditors
4. officers

Which of the following statements isincorrect?

1. The practice of management accounting is fairly flexible.
2. The information gathered from management accounting is not required by law.
3. Management accounting focuses mainly on the internal user.
4. Reports produced using management accounting must follow GAAP.

The controller of a corporation:

1. reports to the CFO and is in charge of the finance side of the business
2. reports to the CFO and is in charge of the accounting side of the business
3. reports to the CEO and implements all cash policies
4. reports to the board of directors

The Certified Management Accountant (CMA) certification:

1. signifies someone specializing in tax accounting
2. requires an associate's degree and four years of work experience
3. includes a two-part exam, education requirements, and a work experience requirement
4. is offered to managers who take special courses in accounting

Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry?

1. commercial awareness
2. conceptualization
3. collaboration
4. imagination

What year was the Sarbanes-Oxley Act enacted?

1. 2007
2. 1992
3. 1997
4. 2002

The law that specifically prohibits payments to foreign officials in order to attain business is known as ________.

1. FCPA
2. AICPA
3. SOX
4. IFRS

Which of the following isnotan objective used in the balanced scorecard approach?

1. Customer
2. Financial
3. Vendor
4. Learning and growth

A company's attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ________.

1. a balanced scorecard
2. corporate social responsibility
3. total quality management
4. value chain

An inventory system that organizations use to increase efficiency and decrease waste is ________.

1. corporate social responsibility
2. just-in-time manufacturing
3. total quality management
4. Lean Six Sigma