Multiple Choice Identify the choice that best completes the statement or answer the question. 1. Which of the following characteristics does NOT pertain to management accounting? a. provides information and estimates about future activity b. generates specific-purpose financial statements and reports c. provides financial and operating data multidisciplinary in scope d. has externally imposed standards 2. Which of the following does NOT describe management accounting? a. evaluation of segments or products within the firm b. emphasis on the future c. externally focused d. detailed information 3. Setting the company's profit targets for the upcoming year is an example of the management function of a. planning b. control c. variance analysis. d. internal auditing 4. Evaluating the performance of a segment of the company is an example of a. planning b. control c. internal auditing d. both a and c. 5. Which one of the following statements about ethical behaviour is true? a. Ethical behaviour is not guided by well-defined rules and is often subjective. b. Ethical behaviour is best described as doing actions that are permitted by law. c. Ethical behaviour always involves choosing between actions that are clearly right or wrong d. Ethical behaviour is best guided by a policy of placing corporate perfomance above individual ends