Please help and kindly explain why the other choices are incorrect.

1. The primary purpose of management advisory services is

a. to achieve the objectives of the MAS firm.

b. to help the client maximize its resources.

c. to improve the client's use of its capabilities and resources to achieve the objectives of such client's organization.

d. to help the client identify its problems.

2. Which of the following is a characteristic of management advisory services?

a. Services rendered are for third parties.

b. Engagements are usually recurring.

c. Human relations do not play a vital role in each engagement.

d. It involves problem solving.

3. Management accounting:

a. focuses on estimating future revenues, costs, and other measures to forecast activities and their results

b. provides information about the company as a whole

c. reports information that has occurred in the past that is verifiable and reliable

d. provides information that is generally available only on a quarterly or annual basis

4. Management accounting is considered successful when it:

a. helps creditors evaluate the company's performance

b. helps managers improve their decisions

c. is accurate

d. is relevant and reported annually

5. Which statement about the degree of detail in a report is true?

a. It depends on the level of the manager receiving the report.

b. It may depend on the frequency of the report.

c. It depends on the type of manager receiving the report.

d. All of the above.

6. The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for customers and lower costs of products and services are known as:

a. value chain management

b. enterprise resource planning

c. cost management

d. customer value management

7. The function of management that compares planned results to actual results is known as:

a. planning.

b. directing and motivating.

c. controlling.

d. decision making.

8. The process of establishing objectives or goals for the firm and determining the means by which they will be met is:

a. controlling.

b. analyzing profitability.

c. planning.

d. assigning responsibility.

9. Which of the following functions is best described as choosing among available alternatives?

a. Decision making.

b. Planning.

c. Directing operational activities.

d. Controlling.

10. Which of the functions of management involves overseeing day-to-day activities?

a. Planning

b. Directing and motivating

c. Controlling

d. Decision making