managerial Accounting

6. Which one of the following cost allocation methods allocates service department costs to operating departments only based on each operating department's use of that service? Direct method b. Indirect method c. Step method d. Reciprocal method 7. Organizations that gather large sets of data to support decision making need to ensure that data is reliable. Which statement below best describes data governance? Data governance is data management. b. Data governance is maintaining, using, archiving, retrieving, and purging of data. c. Data governance ensures that each user in the organization has a separate database to access data that limits access to specific individuals. d. Data governance provides policies and procedures about data compliance. 8. All of the following capital budgeting models incorporate the time value of money except: u The payback method. The modified internal rate of return (MIRR) method The net present value (NPV) method The internal rate of return (IRR) method